Derek Simpson, Marr now

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Discussion

NoelWatson

Original Poster:

11,710 posts

243 months

Sunday 8th August 2010
quotequote all
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?

chris watton

22,477 posts

261 months

Sunday 8th August 2010
quotequote all
"It will give 'US' a leader who will stop this Tory government', the very well paid Derek Simpson just said when talking about the Labour leadership..

This really needs to pay per view, as its mandate seems to be so narrow - big up the left, slag off anything that isnt. Shockingly biased - and seems to be getting worse.

Andy Zarse

10,868 posts

248 months

Sunday 8th August 2010
quotequote all
I'm afraid I turned the telly off. The stupid man made my blood boil, which was already at simmering point having listened to Shaheed Malik do the newspaper review.

Diderot

7,359 posts

193 months

Sunday 8th August 2010
quotequote all
Nearly threw the remote at the telly. That Margot James is soo ineffectual; she should have absolutely laid into Malik about the state the bds left the economy in - I mean Labour hasn't exactly got the best record.

anonymous-user

55 months

Sunday 8th August 2010
quotequote all
NoelWatson said:
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?
Agreed. His comment "we all know what the Tories are about" made me tun the TV off. What about what Labour are all about you cocktard - every time it ends in a ruined economy. So blinkered, so full of knee jerk views.... sad and scary!

stitched

3,813 posts

174 months

Sunday 8th August 2010
quotequote all
garyhun said:
NoelWatson said:
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?
Agreed. His comment "we all know what the Tories are about" made me tun the TV off. What about what Labour are all about you cocktard - every time it ends in a ruined economy. So blinkered, so full of knee jerk views.... sad and scary!
Very scary,
I'm actually surprised we managed to get labour out this time, the number of votes which can be purchased by benefit bribes is growing.

fido

16,828 posts

256 months

Sunday 8th August 2010
quotequote all
stitched said:
Very scary,
I'm actually surprised we managed to get labour out this time, the number of votes which can be purchased by benefit bribes is growing.
Indeed. Blair's vision of a stakeholder society has failed miserably, unless being idle is what is required to be a stakeholder.

Pesty

42,655 posts

257 months

Sunday 8th August 2010
quotequote all
chris watton said:
"It will give 'US' a leader who will stop this Tory government', the very well paid Derek Simpson just said when talking about the Labour leadership..

This really needs to pay per view, as its mandate seems to be so narrow - big up the left, slag off anything that isnt. Shockingly biased - and seems to be getting worse.
didnt see it but it is very easy to complain about bias on their web site.

Ozzie Osmond

21,189 posts

247 months

Sunday 8th August 2010
quotequote all
NoelWatson said:
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?
Are you suggesting the poor bankers were only doing what they were told? In much the same way the US government caused the leak in the Gulf by encouraging oil companies to drill there.

If the bankers were doing what they were told and adding no value, how come they felt the need to pay themselves so much money for their cleverness? It just doesn't hang together.

IMO the governments, their regulators and the banks are all guilty. But at the end of the day it was the banks themselves who were daft enough to "do the deed".

Hungry Freak

91 posts

171 months

Sunday 8th August 2010
quotequote all
Puppet on the red tie says one thing, puppet in the blue tie says the other, the media really is a Punch and Judy show when it comes to politics.

Edited by Hungry Freak on Sunday 8th August 15:20

NoelWatson

Original Poster:

11,710 posts

243 months

Sunday 8th August 2010
quotequote all
Ozzie Osmond said:
NoelWatson said:
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?
Are you suggesting the poor bankers were only doing what they were told? In much the same way the US government caused the leak in the Gulf by encouraging oil companies to drill there.

If the bankers were doing what they were told and adding no value, how come they felt the need to pay themselves so much money for their cleverness? It just doesn't hang together.

IMO the governments, their regulators and the banks are all guilty. But at the end of the day it was the banks themselves who were daft enough to "do the deed".
Let us start at the very beginning

http://www.youtube.com/watch?v=aCQREoAmsu0&fea...

heebeegeetee

28,863 posts

249 months

Sunday 8th August 2010
quotequote all
NoelWatson said:
Ozzie Osmond said:
NoelWatson said:
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?
Are you suggesting the poor bankers were only doing what they were told? In much the same way the US government caused the leak in the Gulf by encouraging oil companies to drill there.

If the bankers were doing what they were told and adding no value, how come they felt the need to pay themselves so much money for their cleverness? It just doesn't hang together.

IMO the governments, their regulators and the banks are all guilty. But at the end of the day it was the banks themselves who were daft enough to "do the deed".
Let us start at the very beginning

http://www.youtube.com/watch?v=aCQREoAmsu0&fea...
The beginning? 1997 was the beginning? Since bloody when??!!

I've been taking the mickey out of PHers who think the world began in 1997 but this is genuinely the first time i have seen this so clearly expressed.

The banks lent money to people who were not going to pay it back... serious money. Globally huge amounts of money. They're still encouraging fecklessness today, and you and i and the rest of us have to pay for it. Here's one tiny example: https://www.wonga.com/




NoelWatson

Original Poster:

11,710 posts

243 months

Monday 9th August 2010
quotequote all
heebeegeetee said:
NoelWatson said:
Ozzie Osmond said:
NoelWatson said:
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?
Are you suggesting the poor bankers were only doing what they were told? In much the same way the US government caused the leak in the Gulf by encouraging oil companies to drill there.

If the bankers were doing what they were told and adding no value, how come they felt the need to pay themselves so much money for their cleverness? It just doesn't hang together.

IMO the governments, their regulators and the banks are all guilty. But at the end of the day it was the banks themselves who were daft enough to "do the deed".
Let us start at the very beginning

http://www.youtube.com/watch?v=aCQREoAmsu0&fea...
The beginning? 1997 was the beginning? Since bloody when??!!

I've been taking the mickey out of PHers who think the world began in 1997 but this is genuinely the first time i have seen this so clearly expressed.

The banks lent money to people who were not going to pay it back... serious money. Globally huge amounts of money. They're still encouraging fecklessness today, and you and i and the rest of us have to pay for it. Here's one tiny example: https://www.wonga.com/
heebeegeetee said:
The beginning? 1997 was the beginning? Since bloody when??!!
2nd of May in fact


heebeegeetee said:
I've been taking the mickey out of PHers who think the world began in 1997 but this is genuinely the first time i have seen this so clearly expressed.
That is wonderful to hear

heebeegeetee said:
Here's one tiny example: https://www.wonga.com/
I thought we were talking about banks??

heebeegeetee said:
They're still encouraging fecklessness today
I assume we are talking about central banks - and I agree with you. They held rates too low for too long and caused this unoprecedented bubble.

heebeegeetee

28,863 posts

249 months

Monday 9th August 2010
quotequote all
NoelWatson said:
heebeegeetee said:
NoelWatson said:
Ozzie Osmond said:
NoelWatson said:
Thought he got off to a good start, but then the bellend mentioned that the bankers caused the crisis. Why do they let these people on TV?
Are you suggesting the poor bankers were only doing what they were told? In much the same way the US government caused the leak in the Gulf by encouraging oil companies to drill there.

If the bankers were doing what they were told and adding no value, how come they felt the need to pay themselves so much money for their cleverness? It just doesn't hang together.

IMO the governments, their regulators and the banks are all guilty. But at the end of the day it was the banks themselves who were daft enough to "do the deed".
Let us start at the very beginning

http://www.youtube.com/watch?v=aCQREoAmsu0&fea...
The beginning? 1997 was the beginning? Since bloody when??!!

I've been taking the mickey out of PHers who think the world began in 1997 but this is genuinely the first time i have seen this so clearly expressed.

The banks lent money to people who were not going to pay it back... serious money. Globally huge amounts of money. They're still encouraging fecklessness today, and you and i and the rest of us have to pay for it. Here's one tiny example: https://www.wonga.com/
heebeegeetee said:
The beginning? 1997 was the beginning? Since bloody when??!!
2nd of May in fact


heebeegeetee said:
I've been taking the mickey out of PHers who think the world began in 1997 but this is genuinely the first time i have seen this so clearly expressed.
That is wonderful to hear

heebeegeetee said:
Here's one tiny example: https://www.wonga.com/
I thought we were talking about banks??

heebeegeetee said:
They're still encouraging fecklessness today
I assume we are talking about central banks - and I agree with you. They held rates too low for too long and caused this unoprecedented bubble.
The 2nd of May 1997 was not the first time the regulation on banks had been slackened, and it certainly wasn't the time when imdividuals and families were lent substantial amounts of money. That happened in the early eighties at the latest. I remember it well.

There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.

Companys are still lending money to people with no money and they can only do that with the support of their banks.

NoelWatson

Original Poster:

11,710 posts

243 months

Monday 9th August 2010
quotequote all
heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website

"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"

Can you provide me with the further detail you have please so I can dig further

heebeegeetee

28,863 posts

249 months

Monday 9th August 2010
quotequote all
NoelWatson said:
heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website

"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"

Can you provide me with the further detail you have please so I can dig further
Where does the money come from ultimately, if it doesn't come from us via the financial institutions?

NoelWatson

Original Poster:

11,710 posts

243 months

Monday 9th August 2010
quotequote all
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website

"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"

Can you provide me with the further detail you have please so I can dig further
Where does the money come from ultimately, if it doesn't come from us via the financial institutions?
Without knowing anything about the backers I don't know, but I'm sure you do

heebeegeetee

28,863 posts

249 months

Monday 9th August 2010
quotequote all
NoelWatson said:
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website

"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"

Can you provide me with the further detail you have please so I can dig further
Where does the money come from ultimately, if it doesn't come from us via the financial institutions?
Without knowing anything about the backers I don't know, but I'm sure you do
OK, i'm guilty of lumping the financial institutions of the world together under the generic title of 'banks'. I agree it's probably wrong to do so, but at least it's easier to type out.

Shall we agree on a title to give the financial institutions of the world?

Anyway - i remember the boom of the 1980's, which didn't last long before it all came crashing down. I clearly recall the values of classic cars, which i'm guessing have only recently returned or exceeded those levels.

What caused that, and what did it have to do with May 2nd 1997?

NoelWatson

Original Poster:

11,710 posts

243 months

Monday 9th August 2010
quotequote all
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website

"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"

Can you provide me with the further detail you have please so I can dig further
Where does the money come from ultimately, if it doesn't come from us via the financial institutions?
Without knowing anything about the backers I don't know, but I'm sure you do
OK, i'm guilty of lumping the financial institutions of the world together under the generic title of 'banks'. I agree it's probably wrong to do so, but at least it's easier to type out.

Shall we agree on a title to give the financial institutions of the world?

Anyway - i remember the boom of the 1980's, which didn't last long before it all came crashing down. I clearly recall the values of classic cars, which i'm guessing have only recently returned or exceeded those levels.

What caused that, and what did it have to do with May 2nd 1997?
http://news.bbc.co.uk/onthisday/hi/dates/stories/may/2/newsid_2480000/2480505.stm

Gordon Brown became chancellor

heebeegeetee

28,863 posts

249 months

Monday 9th August 2010
quotequote all
NoelWatson said:
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
NoelWatson said:
heebeegeetee said:
There are scores of companys like Wonga. Who underwrites them all? Who underwrites the business model? I learned about Wonga last week when i watched somebody who has no money or regular income (and huge debts) borrow some money off them.
From their website

"We're backed by major investors including Balderton Capital, Greylock Partners, Accel Partners and Dawn Capital"

Can you provide me with the further detail you have please so I can dig further
Where does the money come from ultimately, if it doesn't come from us via the financial institutions?
Without knowing anything about the backers I don't know, but I'm sure you do
OK, i'm guilty of lumping the financial institutions of the world together under the generic title of 'banks'. I agree it's probably wrong to do so, but at least it's easier to type out.

Shall we agree on a title to give the financial institutions of the world?

Anyway - i remember the boom of the 1980's, which didn't last long before it all came crashing down. I clearly recall the values of classic cars, which i'm guessing have only recently returned or exceeded those levels.

What caused that, and what did it have to do with May 2nd 1997?
http://news.bbc.co.uk/onthisday/hi/dates/stories/may/2/newsid_2480000/2480505.stm

Gordon Brown became chancellor
How did that affect the boom and busts of the '80s, and the move into easy debt?