Do you want to discuss boring politics? (50 Viewers)

shmmeee

Well-Known Member
Genuinely not being nasty but you and shmmeee are deluded if you think the big Uk banks could’ve been allowed to fail. There would’ve runs on banks (see what happened to northern rock and Icelandic banks - small in the grand scheme of things in terms of Uk).

Have a look into fractional banking. The banks don’t hold everyone’s cash and there would’ve been a unravelling of the financial system, the economy and civil unrest before the government would’ve been able to get control of the situation.

Gordon brown, whilst a flawed character, is not some capitalist idiot. He wouldn’t have taken that decision lightly

The bigger issue, as mentioned previously, is nobody seemed to pay the price for the damage done…bit like China with Covid…the culprit(s) gets away with it and the rest of us pay the price

Either way, what’s done is done

I’ve not said anywhere allow big banks to fail, I’ve said rather than give bank cash directly funnel it through people in debt. The banks would end up with similar amounts, they’d just have a less restrained economy to recover in.
 

shmmeee

Well-Known Member
People from where?

elsewhere in the economy. Better people from abroad, whatever we want. So what if people want to work 3 or 4 days because they’ve got health issues or care responsibilities? That’s one fewer carer needed maybe, or one more person off disability/SAHM and into work.
 

wingy

Well-Known Member
I’ve not said anywhere allow big banks to fail, I’ve said rather than give bank cash directly funnel it through people in debt. The banks would end up with similar amounts, they’d just have a less restrained economy to recover in.
Exactly what I suggested at the time, trust,ha,.
You'd have to make sure that the money ended up with them of course and some way of securing it back from them when all has settled down?
 

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