Have the Banks made bigger fools of the Government?

OH!! I think you'll find that they all knew exactly what they were doing. don't forget that the bank of England more or less controls the entire economy anyway, well as much as you can! control it with the EU barking at your heels, by insisting that you take all the worlds wafes and strays and give them a really good standard of life. But I think this whole collapse hit us the hardest because of the fact that we were spending every spare penny we had on immigration and immigration related services. Never forgetting that the bill for extra security, because of allowing Islam into the country, is now coming to billions every year. all this money has to be found. But at the end of the day parliament protected its own Various investments and covered its own back. Parliament and the EU steered us into this mess. the only way we can stop the fast decline is to vote UKIP or British national party, and pull out of the EU. close down the country, get rid of all illegals, re call our armed forces, and start the slow re build.

They sure have - and GB never saw there actions comming - these bankers really screwed GB - they 'demanded taxpayers money' and go it and then told the the government too keep its nose out of there banking business after receiving the taxpayers bail-out money - a kid of 12yrs could have seen all the trouble that would be comming from these banks once they grabbed these loans - but not GB - ex chancelor of the exchequer - the worst one the UK ever had...!!

What GB should have done was too 'nationalise' these banks (temporarily) and 'controlled all these banks' until they had 'repayed all the money back' that was due to the government/taxpayers - as these banks were 'bankrupt' anyway - and then these banks would not have been in the position of grabbing these 'bonuses' and not freeing up money for the small businesses as the loans were intended for.. But that was to complicated for GB.

I suppose too be really fair to GB he was not the only 'dummy' in the world as all countries fell for the same 'con' by these bankers - and none of them worldwide handled the crisis at all well - all made 'fatal mistakes' by not 'protecting' these loans/money they 'gushingly handed out and all have suffered the same consequences of none action by these banks too get there economies going soon enough.!!

Virtually all major Countries that bailed out the Banks put a limit on how much they could pay Senior Executives in wages and bonuses, apart from the U.K. We the taxpayer have ring fenced potentially billions of Pounds of bad debt. Before paying bonuses and dividends these Banks should have been made to set aside monies to cover them.
The Government has even employed one as an adviser, now that does make us look stupid.

http://www.dailymail.co.uk/news/article-...

Since Brown the Clown doesn't even know what the monetary principles of Wilkins Micawber are he and his numptee's were a pushover for the Banks and were from May,1997. You don't think Blair has got all these lucrative jobs with Banks because they like his face do you ? Brown of course is hoping for the same treatment.

We live under the assumption that companies making huge profits at any cost are best for shareholders. Which in turn makes it best for the country. If I happen to be a major shareholder then profits at any cost will suit me fine. Although a worker losing their job so the company can increase profits will disagree.

No sensible person will disagree that companies have to be profitable to stay in business. Banks like any other company have to be profitable. The problem began the day we started givng tax breaks to companies to outsource work to other countries, and then rewarded them yet again by raising the price of their stock.

The international community was also duped by the banks. We are experiencing a global recession thanks to them.

This is why government is supposed to regulate business. Businesses can and do become insanely greedy. That is what we have seen. 8 years of insane greed.

Who is supposed to keep that tendency toward greed in check if not government laws and regulations?

If they had an Olympics for the most stupid government ministers in the world, Britain would take all the golds. We are without competitors, and the next is trailing so far behind you couldn't even see them with the Hubble telescope.

I think the Banks have woken us all up. The government did what it could and they would have been under pressure whatever they did. So No to your question, but an interesting debate.

It's not hard to make labour look foolish, they do such an excellent job themselves at that.

how could they be bigger fools they are already the biggest fools around