Cable Forum - View Single Post

BBKing · 23-02-2008, 23:11

Cobblers - the bank was badly run* in the sense that it had no resilience against credit shocks on the world markets, but those credit shocks are real and serious enough (see above). The Labour/North East thing is a pathetic right wing joke/smear from a pathetic right-wing joke of a man, considering 40% of the NR workforce are probably going on the dole soon.

It's also rather insulting to the workforce who had no say in the bank's management, no say in the sell-off plans and no say in the nationalisation. Now a lot of them are going to have no jobs. If this is an example of Labour treating its loyal supporters well what on earth do they do to their enemies? Still, it's Simon Heffer in the Telegraph, and those dirty northerners probably deserve it for daring to live outside the shire counties and vote Labour in the first place. Revolting man.

* Both Labour and (even more so) the Tories think allowing banks to be badly run is Just Fine. None of that nasty old regulation here! The Telegraph shares some of the blame, since it's firmly of this view, too, so no reason to try and find someone else to blame there, then.

23-02-2008, 23:11	#50
BBKing R.I.P. Join Date: Jun 2003 Location: London Services: 20Mb VM CM, Virgin TV Posts: 5,983	Re: Northern Rock Cobblers - the bank was badly run* in the sense that it had no resilience against credit shocks on the world markets, but those credit shocks are real and serious enough (see above). The Labour/North East thing is a pathetic right wing joke/smear from a pathetic right-wing joke of a man, considering 40% of the NR workforce are probably going on the dole soon. It's also rather insulting to the workforce who had no say in the bank's management, no say in the sell-off plans and no say in the nationalisation. Now a lot of them are going to have no jobs. If this is an example of Labour treating its loyal supporters well what on earth do they do to their enemies? Still, it's Simon Heffer in the Telegraph, and those dirty northerners probably deserve it for daring to live outside the shire counties and vote Labour in the first place. Revolting man. * Both Labour and (even more so) the Tories think allowing banks to be badly run is Just Fine. None of that nasty old regulation here! The Telegraph shares some of the blame, since it's firmly of this view, too, so no reason to try and find someone else to blame there, then.