grangram Wrote:
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> So they didn't 'COMPLETLY' deregulate, lol. As to
> the banks in the US well done Obama, it didn't
> happen in the UK. David Cameron didn't enforce the
> repayment on the basis that if he did, “valuable
> bankers would move abroad”.
> Our politicians care only about money and how they
> can get more of it.

The great lie in the UK at that time was, We're all in it together.
When the interest rates were slashed as part of a political decision to aid the banks in trouble,
Those with mortgages saw their payments cut to a third, and the value of their houses double or treble in a few short years.
Those renting saw fewer rights and a large increase in rent payments. Those at the bottom of the scale saw further and further benefit cuts and maximum payments applied meaning that if you lost your job in London you had to move to Newcastle to afford to live, away from all your family and connections.
No one in the UK ever served time for the Banks illegal actions. Even though a major bank falsified a (Saudi Arabian?) loan to pretend it was investment, allegedly to keep their bonuses.

Muppedo



Edited 1 time(s). Last edit at 09-Dec-19 23:20 by muppedo.