Should the govt have bailed out the banks?

[Rob P]

Have the risk takers been saved? Should the market have left to its own devices? Was it the right move to prevent a meltdown?

[kambites]

Unfortunately, I don't think it had any choice. Whether it should have let the financial market get into this mess int he first place, is another matter.

[Kieran XJR]

I voted yes, what's the alternative?!

[im]

This poll should have been aimed at just Tory voters - it would have presented them with a conundrum.

Vote for a 'socialist' measure (part nationalisation) and save the bankers and there own hides or against it and remain true to their free market ideals but possibly lose their jobs etc...

[kambites]

im said:

This poll should have been aimed at just Tory voters

This is Pistonheads, it is.

[Timmy35]

im said:

This poll should have been aimed at just Tory voters - it would have presented them with a conundrum.

Vote for a 'socialist' measure (part nationalisation) and save the bankers and there own hides or against it and remain true to their free market ideals but possibly lose their jobs etc...

Of course the alternative would have been to not let the situation get so bad in the first place by dithering until the point that there was no alternative. But something tells me that your unable to see beyond your own rather narrow dogma.

[im]

Timmy35 said:

im said:

This poll should have been aimed at just Tory voters - it would have presented them with a conundrum.

Vote for a 'socialist' measure (part nationalisation) and save the bankers and there own hides or against it and remain true to their free market ideals but possibly lose their jobs etc...

Of course the alternative would have been to not let the situation get so bad in the first place by dithering until the point that there was no alternative. But something tells me that your unable to see beyond your own rather narrow dogma.

Then 'something' in your head needs looking at.

[andyquantum]

OK, so from what I know a few banks have signed up to this bailout thing.

But none of them have (yet) asked for any money have they? So, in theory, other than being prepared to do whats necessary, and injecting some money into the finance system, all thats going to be paid out in the short term is to Icesave customers

[esselte]

im said:

This poll should have been aimed at just Tory voters - it would have presented them with a conundrum.

Vote for a 'socialist' measure (part nationalisation) and save the bankers and there own hides or against it and remain true to their free market ideals but possibly lose their jobs etc...

And this has all happened under a Labour government...no more boom and bust eh?...

[Kieran XJR]

kambites said:

im said:

This poll should have been aimed at just Tory voters

This is Pistonheads, it is.

Socialist are trolls is these parts...

[im]

esselte said:

im said:

This poll should have been aimed at just Tory voters - it would have presented them with a conundrum.

Vote for a 'socialist' measure (part nationalisation) and save the bankers and there own hides or against it and remain true to their free market ideals but possibly lose their jobs etc...

And this has all happened under a Labour government...no more boom and bust eh?...

Agreed.

If you cant abide Socialism surely you can only answer "keep your noses out of business...so take your money and piss off thanks".

But its amazing how many free marketeers have their hands outstretched...



I love these conundrums - they really screw with peoples ideals and bring into sharp relief both extremes willingness to bend over and take it roughly from the other side when needs must.

Edited by im on Thursday 9th October 12:30

[Irish]

This place is turning into the Daily Mail readers convention.

The had no choice, acted wwwaaaaayyyyy to late. Party is over.

[kambites]

This place has always been a Daily Mail readers' convention.

[BrassMan]

It's going to cost a fortune either way.

If the givernment catch the banks, they will just go like any other industry that cannot be allowed to fail. However it starts, it will end up so far up its own behind that it wont work efficiently anymore. So no.

[10 Pence Short]

The bank crises is the one thing, short of David Cameron being found buggering a headless child's corpse, that will win him the next election.

Now the poor state of the country's finances can be blamed on having to bail the banks out, not Labour incompetance.

If the banks survive, all hail Labour. If the banks fail, blame the greedy bankers. Heads you win, tails they lose. How ironic.

[Trommel]

im said:

If you cant abide Socialism surely you can only answer "keep your noses out of business...so take your money and piss off thanks".

But its amazing how many free marketeers have their hands outstretched...



I love these conundrums - they really screw with peoples ideals.

Yes, the government never, ever interfered with how the City operated, and they certainly don't rely on the taxes and business it brings in.

[im]

Trommel said:

im said:

If you cant abide Socialism surely you can only answer "keep your noses out of business...so take your money and piss off thanks".

But its amazing how many free marketeers have their hands outstretched...



I love these conundrums - they really screw with peoples ideals.

Yes, the government never, ever interfered with how the City operated, and they certainly don't rely on the taxes and business it brings in.

Of course

...there are dilemmas for both sides of the political spectrum.

[10 Pence Short]

im said:

esselte said:

im said:

This poll should have been aimed at just Tory voters - it would have presented them with a conundrum.

Vote for a 'socialist' measure (part nationalisation) and save the bankers and there own hides or against it and remain true to their free market ideals but possibly lose their jobs etc...

And this has all happened under a Labour government...no more boom and bust eh?...

Agreed.

If you cant abide Socialism surely you can only answer "keep your noses out of business...so take your money and piss off thanks".

But its amazing how many free marketeers have their hands outstretched...



I love these conundrums - they really screw with peoples ideals and bring into sharp relief both extremes willingness to bend over and take it roughly from the other side when needs must.

Edited by im on Thursday 9th October 12:30

If you are a racist and hate black people, then find yourself drowning and the only man with a rope is a black man, would you drown or ask for help?

[kambites]

Very few people on the right believe in true free-market capitalism, just as very few people on the left believe in true communism.

[Trommel]

10 Pence Short said:

If you are a racist and hate black people, then find yourself drowning and the only man with a rope is a black man, would you drown or ask for help?

Obviously, you would get him to pull you out, then lynch him from the nearest tree with the rope.

Edited by Trommel on Thursday 9th October 12:46