like way osborne saying euro crisis causing our woes to recover but forgets he blamed labour in 2008 for the mess. When it was failure to stop ponsie scheme and bankers in us with bad debt collapsing smaller banks..
It was either not labours fault therefore cameron/osborne misled the electorate or it was labours therefore its camerons and osborne failure now.
Very convenient to try blame others seems this the way with this government. Never the bankers rich deciding tax not for them to pay.
To add why we in mess in europe if not the world due to tax evading practises. Dont matter if its legal or not if too many hop on the bandwagon we have a problem.
This sort mess needs sorting else no country will survive if the corporates, rich think tax not theres to pay.
This what got greece in trouble we will be next if this caries on. 5000 homes bought in ofshore accounts since osborne changed the rules. Now time to tax transactions to uk from outside. At least we would get our tax from them.
http://www.telegraph.co.uk/property/...companies.html
Rating agencies needs more regulations there ratings mess making things alot worse than it should.
Its corrupt to the core bunch crooks who got self interesting prophacies.
There initial design to help investors decide safe investments was good. However greed and corruption with them means it become parasite which actually hinder rather helps economy. Moody's, S & P helped cause the 2008 credit crisis.
http://swampland.time.com/2011/08/06...ard-and-poors/
Quote:
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S&P, or Moody’s, seriously after both agencies granted AAA rating to Collateralized Debt Obligations (CDOs) that were chock-full-of crap mortgages, thereby helping to precipitate the 2008 financial collapse. Indeed, I’m amazed that in our grand and glorious free market system, some dashing entrepreneur hasn’t come along and launched a competing ratings agency without all the baggage.
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Makes it a mockery how people still listens to these anymore.
About time people started to judge these advices and question there motives and decisions.
Until money men see common sense we wont recover from this.
Money men have to be sensible IMF have to go back to the corner with dunce hat on.
some serious good comments in this by people got more brains cameron, osborne, euro leaders, imf and the rating agencies.
http://www.guardian.co.uk/news/datab...oodys-standard
as example
Quote:
As long as debt markets exist, i.e people are able to make money of other's ultimate misery, these agencies will continue to publicly post their garbage and set the markets on their weekly rollercoaster journey. It's a self-propagating economic system that can only end in tears.
As ever, all we need to do as a global community is look at who gets rich off of data like this - the same elite that control the companies publishing this data.
Change our thinking, change our planet. The latest financial depression has been nothing more than a blatant redistribution of wealth.
How long will we allow this to continue? When 1% of the world's population controls 99% of the money?
There's a graph I'd like to see - that trend in the last ten years would be a bitter pill to swallow.
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Douglas Carswell critised Osbourne in his blog for balming eurocrisis.
http://www.guardian.co.uk/politics/2...borne-eurozone