Comments on: Prediction: Good or Bad news for Gordon Brown? http://ukpollingreport.co.uk/blog/archives/1495 Opinion polling and political analysis Sun, 12 Feb 2012 00:24:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Peasmold http://ukpollingreport.co.uk/blog/archives/1495/comment-page-1#comment-508301 Peasmold Wed, 15 Oct 2008 19:46:28 +0000 http://ukpollingreport.co.uk/blog/?p=1495#comment-508301 GB already has the dubious distinction of replicating Sunny Jim's feat of October 1978 - cancelling the election he had a real chance of winning. However, the present crisis offers him an alternative to just soldiering on until overtaken by events. That alternative is to go to the country in February, before the depression really bites, but whilst memories of how he steered the ship of state through the financial storm still fresh in the voters' minds. The best he can hope for might yet be a hung parliament, but a Tory administration dependent on the SNP and a diminished band of liberals would surely not last long.... GB already has the dubious distinction of replicating Sunny Jim’s feat of October 1978 – cancelling the election he had a real chance of winning. However, the present crisis offers him an alternative to just soldiering on until overtaken by events. That alternative is to go to the country in February, before the depression really bites, but whilst memories of how he steered the ship of state through the financial storm still fresh in the voters’ minds. The best he can hope for might yet be a hung parliament, but a Tory administration dependent on the SNP and a diminished band of liberals would surely not last long….

]]> By: colin http://ukpollingreport.co.uk/blog/archives/1495/comment-page-1#comment-507367 colin Tue, 14 Oct 2008 12:51:41 +0000 http://ukpollingreport.co.uk/blog/?p=1495#comment-507367 "Probably most of us." I don't think he meant most of us at all. If there were no rules or regulations in our society , crime, chaos & anarchy would soon be the order of things. Given cheap & untramelled credit-lot's of people borrowed sums they couldn't afford to repay. Lots of people didn't. When the Banks who touted this cheap credit totted up their bad debts-and their fellow bank's bad debts-they froze in fear, shut up shop & hoped it would all go away. We have all suffered for this-the imprudent borrower & the prudent saver alike.So I don't buy the "it's all of us who are at fault" version of history. I suspect what Adair Turner meant by "we" is the FSA before he joined it-the FSA who were set up by GB & who manifestly failed to ensure that UK Banks acted within the bounds of -dare I say it-Prudence. I suspect he meant the "old" FSA before the present one, which under his regime is now imposing the most stringent Capital Reserves on Banks, and dictating their remuneration & lending practices. “Probably most of us.”

I don’t think he meant most of us at all.

If there were no rules or regulations in our society , crime, chaos & anarchy would soon be the order of things.

Given cheap & untramelled credit-lot’s of people borrowed sums they couldn’t afford to repay.

Lots of people didn’t.

When the Banks who touted this cheap credit totted up their bad debts-and their fellow bank’s bad debts-they froze in fear, shut up shop & hoped it would all go away.

We have all suffered for this-the imprudent borrower & the prudent saver alike.So I don’t buy the “it’s all of us who are at fault” version of history.

I suspect what Adair Turner meant by “we” is the FSA before he joined it-the FSA who were set up by GB & who manifestly failed to ensure that UK Banks acted within the bounds of -dare I say it-Prudence.

I suspect he meant the “old” FSA before the present one, which under his regime is now imposing the most stringent Capital Reserves on Banks, and dictating their remuneration & lending practices.

]]> By: john t t http://ukpollingreport.co.uk/blog/archives/1495/comment-page-1#comment-507214 john t t Tue, 14 Oct 2008 08:14:01 +0000 http://ukpollingreport.co.uk/blog/?p=1495#comment-507214 The Taxpayer share purchase deal apparently includes commitments for the relevant Banks to return to” 2007 lending practices “( though I haven’t caught up with the detail yet) is exactly what I was referring to when I said : “Govt appears to be about to join the boards of the major banks and insist on making it easier to borrow/lend.” By "we" I think he means all those who did not reccommend credit controls or controls on "rising share prices" Probably most of us. The Taxpayer share purchase deal apparently includes commitments for the relevant Banks to return to” 2007 lending practices “( though I haven’t caught up with the detail yet)

is exactly what I was referring to when I said :

“Govt appears to be about to join the boards of the major banks and insist on making it easier to borrow/lend.”

By “we” I think he means all those who did not reccommend credit controls or controls on “rising share prices”

Probably most of us.

]]> By: colin http://ukpollingreport.co.uk/blog/archives/1495/comment-page-1#comment-506537 colin Mon, 13 Oct 2008 16:25:39 +0000 http://ukpollingreport.co.uk/blog/?p=1495#comment-506537 Just couldn't resist this :- http://www.last.fm/music/Queen/+videos/+1-j0ppC3smQ7E Just couldn’t resist this :-

http://www.last.fm/music/Queen/+videos/+1-j0ppC3smQ7E

]]> By: colin http://ukpollingreport.co.uk/blog/archives/1495/comment-page-1#comment-506535 colin Mon, 13 Oct 2008 16:16:42 +0000 http://ukpollingreport.co.uk/blog/?p=1495#comment-506535 "Govt appears to be about to join the boards of the major banks and insist on making it easier to borrow/lend." That's not what Adair Turner-new boss of FSA said today john :- “What we do not want is a return to some of the extreme lending practices - the very high loan to value ratios, the self certification of your income which applied in the past. We want a more sensible approach. “We’re trying to make sure, and I think we will undoubtedly make sure, that there is adequate credit for sensible lending, but without going back to some of the extremes that did help us get into this mess in the first place. Many lessons to be learned over what has gone on in the last ten years. There are many interrelated things that we have got to think about. " I think at the macro-economic level we probably allowed a boom to go on for too long and with too much rising house prices, rise in share prices etc. There are issues that we need to think about the whole macro-economy." I wonder who he means by "we"? “Govt appears to be about to join the boards of the major banks and insist on making it easier to borrow/lend.”

That’s not what Adair Turner-new boss of FSA said today john :-

“What we do not want is a return to some of the extreme lending practices – the very high loan to value ratios, the self certification of your income which applied in the past. We want a more sensible approach.

“We’re trying to make sure, and I think we will undoubtedly make sure, that there is adequate credit for sensible lending, but without going back to some of the extremes that did help us get into this mess in the first place.

Many lessons to be learned over what has gone on in the last ten years. There are many interrelated things that we have got to think about.

” I think at the macro-economic level we probably allowed a boom to go on for too long and with too much rising house prices, rise in share prices etc. There are issues that we need to think about the whole macro-economy.”

I wonder who he means by “we”?

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