Glass-Steagall Act - Wikipedia, the free encyclopedia: "3. Securities activities can be risky, leading to enormous losses. Such losses could threaten the integrity of deposits. In turn, the Government insures deposits and could be required to pay large sums if depository institutions were to collapse as the result of securities losses."
NB. Securities activities can be risky, leading to enormous losses. Such losses could threaten the integrity of deposits. In turn, the Government insures deposits and could be required to pay large sums if depository institutions were to collapse as the result of securities losses.
THE AMERICAN BANKING DISASTER WOULD NOT HAVE HAPPENED IF THESE ACTS HAD NOT EFFECTIVELY BEEN REPEALED
AND THE BRITISH BANKING DISASTER WOULD NOT HAVE HAPPENED IF BLIAR AND BROWN HAD BROUGHT IN A BRITISH EQUIVALENT
Saturday, 31 January 2009
Friday, 30 January 2009
Jail - Wikipedia, the free encyclopedia
Jail - Wikipedia, the free encyclopedia
TRIVIA JUST THE OLD GOAL OR JAIL QUESTION - I AM INTERESTED IN WORD GENERALLY AND ETYMOLOGY
TRIVIA JUST THE OLD GOAL OR JAIL QUESTION - I AM INTERESTED IN WORD GENERALLY AND ETYMOLOGY
Wednesday, 28 January 2009
FREEDOM DAY
FREEDOM DAY WILL BE Thursday 3 June 2010. whenBrown MUST face an election and WILL LOSE, put your house on it
Tuesday, 27 January 2009
Monday, 26 January 2009
Glass-Steagall Act - Wikipedia, the free encyclopedia
Glass-Steagall Act - Wikipedia, the free encyclopedia
was that great pal of Bliar's , Clinton, that repealed lass-Steagall Act which, had it been extant would have prevent America's woes and vitally, if we had , had an equivalent in Britain, would have saved us.
if Brown really foresaw this crash 10 years ago, why did he not pasS a UK equivalent of the Glass-Steagall Act?-which outlawed, the mixing of ordinary deposit banking with investment(?merchant) banking, as I understand it. The buying and selling of complex securities fuelled speculation and caused our house price and credit bubbles AS ANY FOOL CAN SEE- SO WHY DIDN'T BROWN STOP IT???!!!! one thing to learn forever is that all bubbles burst, and to stop them while you can
was that great pal of Bliar's , Clinton, that repealed lass-Steagall Act which, had it been extant would have prevent America's woes and vitally, if we had , had an equivalent in Britain, would have saved us.
if Brown really foresaw this crash 10 years ago, why did he not pasS a UK equivalent of the Glass-Steagall Act?-which outlawed, the mixing of ordinary deposit banking with investment(?merchant) banking, as I understand it. The buying and selling of complex securities fuelled speculation and caused our house price and credit bubbles AS ANY FOOL CAN SEE- SO WHY DIDN'T BROWN STOP IT???!!!! one thing to learn forever is that all bubbles burst, and to stop them while you can
Sunday, 25 January 2009
Saturday, 24 January 2009
Friday, 23 January 2009
Wednesday, 21 January 2009
ON THE RETURN TO THE FRONT BENCH OF KEN CLARKE
cameron obviously thinks like Julius Caesar:
Let me have men about me that are fat;
Sleek-headed men, and such as sleep o' nights.
Yond Cassius has a lean and hungry look;
Mandelson now the Prime Minister in all but name is an obvious Cassius
Let me have men about me that are fat;
Sleek-headed men, and such as sleep o' nights.
Yond Cassius has a lean and hungry look;
Mandelson now the Prime Minister in all but name is an obvious Cassius
Jobless total nears two million - UK Politics, UK - The Independent
Jobless total nears two million - UK Politics, UK - The Independent
any bets on it hitting 3 million by the nd of the year?- spin that Cassius
any bets on it hitting 3 million by the nd of the year?- spin that Cassius
Tuesday, 20 January 2009
Sir David Normington expressed surprise over Damian Green search - Times Online
Sir David Normington expressed surprise over Damian Green search - Times Online
now then, it looks like, according to what this fellow said that this was a politically highly sensitive situation, can anyone seriously believe that he did not tell Jacqui Smith about it? NO! OF COURSE NOT AND OF COURSE HE DID which means that she was not being entirely candid when she denied all knowledge of a forthcoming raid on Mr. Greens office.it is my personal opinion that most people would say she was lying through her teeth
when you listen to Ms. Smith with all her bleating and denying
someone please remember this,
some body is lying
now then, it looks like, according to what this fellow said that this was a politically highly sensitive situation, can anyone seriously believe that he did not tell Jacqui Smith about it? NO! OF COURSE NOT AND OF COURSE HE DID which means that she was not being entirely candid when she denied all knowledge of a forthcoming raid on Mr. Greens office.it is my personal opinion that most people would say she was lying through her teeth
when you listen to Ms. Smith with all her bleating and denying
someone please remember this,
some body is lying
ABOUTHIS BLOG
blog, yuck, what a vile word, as you can see it reflects my interest in politics, economics and philosophy/religion.
it's really more a series of rants and moans from which you may gather that I do not exactly love Gordo Brown and Zanulabour
it's really more a series of rants and moans from which you may gather that I do not exactly love Gordo Brown and Zanulabour
IS MANDELSON A CASSIUS?COMPARE CLARKE
Let me have men about me that are fat;
Sleek-headed men, and such as sleep o' nights.
Yond Cassius has a lean and hungry look;
He thinks too much: such men are dangerous.
- JULIUS CAESAR
Sleek-headed men, and such as sleep o' nights.
Yond Cassius has a lean and hungry look;
He thinks too much: such men are dangerous.
- JULIUS CAESAR
BBC iPlayer - The City Uncovered with Evan Davis: Banks and How to Break Them
BBC iPlayer - The City Uncovered with Evan Davis: Banks and How to Break Them
I hope you and everyone have watched and can watch this brilliant programme
I hope you and everyone have watched and can watch this brilliant programme
fractional reserve banking
in case you were wondering, it is common sense that bank should be required to keep a certain fraction of its lending in reserve in simple terms, say £9 in reserve for every pond lent out, of course if a bank can securitise its lending it can get round the fractional reserve requirements, that is what Northern Rock did and when its customers wanted their money the cupboard was bare, it had swapped its securities for other equally worthless securities which turned out to be worthless pieces of paper- ah the delights of securities tradingbut we all know all this, having watched Evan davies brilliant program on the BBCp://www.bbc.co.uk/iplayer/episode/b00gtljy/The_City_Uncovered_with_Evan_Davis_Banks_and_How_to_Break_Them/
Criticism of fractional-reserve banking - Wikipedia, the free encyclopedia
Criticism of fractional-reserve banking - Wikipedia, the free encyclopedia
plainly the best way to get round the fractional reserve regulations, which were vitally important, is securitisation that magical method of turning debt into money, which works up to the point that the borrowers are able to service or repay their debts. then suddenly those securities suddenly seem less secure and turn into worthless pieces of paper- hence the banks' collapse and the resulting credit crunch
for this to make sense you need to have watched the money as debt video(link on this blog)
Maggie Thatcher and her moneybags chums abandoned the fractional reserve regulations and Bliar and the fool Brown went down the same route hence the current cricise
plainly the best way to get round the fractional reserve regulations, which were vitally important, is securitisation that magical method of turning debt into money, which works up to the point that the borrowers are able to service or repay their debts. then suddenly those securities suddenly seem less secure and turn into worthless pieces of paper- hence the banks' collapse and the resulting credit crunch
for this to make sense you need to have watched the money as debt video(link on this blog)
Maggie Thatcher and her moneybags chums abandoned the fractional reserve regulations and Bliar and the fool Brown went down the same route hence the current cricise
IS PETER MANDELSO NTHEREAL BRITISH PRIME MINISTER?
IT IS A FAIR QUESTION SINCE THE SUPREME SPINNER SEEMS TO BE APPOINTING MINISTERS
oddly enough he does not have the courage to stand for the House of Commons? we wonder why not?
oddly enough he does not have the courage to stand for the House of Commons? we wonder why not?
Monday, 19 January 2009
Britain's economy in even worse state than government thinks, says EC report - Times Online
Britain's economy in even worse state than government thinks, says EC report - Times Online
poor old Gordo is looking like a very worried man indeed, so would i with his poll ratingssoon he'll get in trouble with the real PM... MANDY
poor old Gordo is looking like a very worried man indeed, so would i with his poll ratingssoon he'll get in trouble with the real PM... MANDY
Sunday, 18 January 2009
Saturday, 17 January 2009
SNAP ELECTION LIKE LY
with time running out for Brown- he only has 502 days left,he must be waiting for a good poll to call a snap election as soon as the weather forecast for a few days is good- say April But May looks more likely. Mandy will be pushing for sooner rather than later because Mandy is a poll freak and likes to pick his own time
MANDY is now the de facto prime Minister, he even appoints ministers
MANDY is now the de facto prime Minister, he even appoints ministers
Friday, 16 January 2009
Thursday, 15 January 2009
THE NEXT ELECTION
A General Election must be called every five years in accordance with
section seven of the Parliament Act 1911 which amends the Septennial Act
1715 (which stated a parliament may last for seven years). You can read
the act on the Statute Law Database here,
http://www.statutelaw.gov.uk/legResults.aspx?LegType=All+Legislation&tit
le=the+parliament+act&Year=1911&searchEnacted=0&extentMatchOnly=0&confer
sPower=0&blanketAmendment=0&sortAlpha=0&TYPE=QS&PageNumber=1&NavFrom=0&a
ctiveTextDocId=1069329
And the specific amendment here,
http://www.statutelaw.gov.uk/content.aspx?LegType=All+Legislation&title=
the+parliament+act&Year=1911&searchEnacted=0&extentMatchOnly=0&confersPo
wer=0&blanketAmendment=0&sortAlpha=0&TYPE=QS&PageNumber=1&NavFrom=0&pare
ntActiveTextDocId=1069329&ActiveTextDocId=1069338&filesize=1016
Therefore, the last realistic day on which the next general election
could take place is Thursday 3 June 2010.
THAT IS IN504 DAYS TIME AS AT 15TH JANUARY2009
section seven of the Parliament Act 1911 which amends the Septennial Act
1715 (which stated a parliament may last for seven years). You can read
the act on the Statute Law Database here,
http://www.statutelaw.gov.uk/
le=the+parliament+act&Year=
sPower=0&blanketAmendment=0&
ctiveTextDocId=1069329
And the specific amendment here,
http://www.statutelaw.gov.uk/
the+parliament+act&Year=1911&
wer=0&blanketAmendment=0&
ntActiveTextDocId=1069329&
Therefore, the last realistic day on which the next general election
could take place is Thursday 3 June 2010.
THAT IS IN504 DAYS TIME AS AT 15TH JANUARY2009
Future Heathrow - About Future Heathrow
Future Heathrow - About Future Heathrow
shows the vested interests that have Zanulabour under their thumb- THEY SAY JUMP AND BROWN SAYS HOW HIGH?
shows the vested interests that have Zanulabour under their thumb- THEY SAY JUMP AND BROWN SAYS HOW HIGH?
MP suspended from Commons after picking up mace in Heathrow protest - Times Online
MP suspended from Commons after picking up mace in Heathrow protest - Times Online
GOOD FOR HIM SEZ I, N-ONE WANTS THIS DAMN RUNWAY, LEAST OF ALL THE QUEEN, NOR DO WE NEED IT- so what if the denizens of Frankfurt and saris have to put up with the din of aeroplanes overhead? better them than poor English people. my guess is that BAA have got something on Brown else why would he be so frantic to allow the runway Zanulabour is turning into a fascist government, if it wasn't one anyway
MY GUEES
GOOD FOR HIM SEZ I, N-ONE WANTS THIS DAMN RUNWAY, LEAST OF ALL THE QUEEN, NOR DO WE NEED IT- so what if the denizens of Frankfurt and saris have to put up with the din of aeroplanes overhead? better them than poor English people. my guess is that BAA have got something on Brown else why would he be so frantic to allow the runway Zanulabour is turning into a fascist government, if it wasn't one anyway
MY GUEES
Monday, 12 January 2009
Gordon Brown bounce fades as Conservative return to huge poll lead - Times Online
Gordon Brown bounce fades as Conservative return to huge poll lead - Times Online
BROWN ONLY HAS 507 DAYS LEFT BEFORE HE HAS TO GO TO THE POLLS
BROWN ONLY HAS 507 DAYS LEFT BEFORE HE HAS TO GO TO THE POLLS
Thursday, 8 January 2009
Monday, 5 January 2009
Sunday, 4 January 2009
Saturday, 3 January 2009
Chancellor Alistair Darling on brink of second bailout for banks - Times Online
Chancellor Alistair Darling on brink of second bailout for banks - Times Online
Brown is helpless to do anything because he has no money. He cannot borrow from banks he would propse to nationalise and he can pay no interest, so who would lend. see money as debt on this blog
Brown is helpless to do anything because he has no money. He cannot borrow from banks he would propse to nationalise and he can pay no interest, so who would lend. see money as debt on this blog
Friday, 2 January 2009
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