Is there anything Gordon Brown hasn’t given away?
Gordon Brown has spent the last 13 years, both as chancellor and now prime minister, giving away everything we have of value.
I'm not just talking about blindly throwing money at the banks recently ( £1.3 trillion in the last 2 years ), I'm also talking about our rights as individuals and members of the United Kingdom. We've lost our cultural identity ( partly through the poor to non-existent immigration policies of the Labour government and the HUGE influx of both legal and illegal visitors in the last 10 years ); the ability to wave the British flag with pride without fear of persecution from others, the ability to wear the mark of your faith without supposedly offending others, the ability to speak your mind and tell the truth without fear of being instantly branded a racist or Nazi by the political correctness crowd - where will it all end?
He's given our rights over self-governance and justice away to the EU; thousands of laws and regulations that we now have to abide by from Europe ( over 85% of UK legislation is now driven by Europe ).
He gave away the Bank of Englands responsibility for banking regulation in 1997 to the FSA ( the Financial Services Authority - a powerless puppet that stood by and did nothing in the following years to curb the financial disasters of the last 2 years ). Did no-one learn anything from the Nick Leeson fiasco that brought down Barings Bank ( £827 million losses discovered in 1995 )?
The Financial Services and Markets Act imposed four statutory objectives upon the FSA:
- market confidence: maintaining confidence in the financial system
- public awareness: promoting public understanding of the financial system;
- consumer protection: securing the appropriate degree of protection for consumers; and
- reduction of financial crime: reducing the extent to which it is possible for a business carried on by a regulated person to be used for a purpose connected with financial crime
I would personally say that the FSA has failed on all four of it's statutory objectives and should be disbanded immediately with all regulatory power being passed back to the bank of England and Mervyn King?
It wasn't that long ago that Gordon Brown was talking about the lack of restrictive financial regulations being good for business and growth in the UK economy - look where it's got us now Gordon!
He sold our gold reserves at the bottom of the market.
He raided the pensions funds of people that worked hard and saved for retirement all their lives, to leave them with little or nothing.
The list goes on and on and I'm afraid that he is the man who is SOLELY RESPONSIBLE for the dreadful state were in.
(No Ratings Yet)
Loading ...Lloyds sells Halifax estate agency for £1
It was all kept very quiet when Lloyds sold the loss-making Halifax Estate Agency group for £1 to LSL Property Services ( the owners of Your Move ) recently.
The fact that the " public " own a 43% stake in Lloyds made no difference, and no one seemed bothered to attempt to actually claw back some of the £15 billion it was bailed out by ( let alone the £260 billion toxic debt guarantee that we gave Lloyds as well ).
No wonder all the MPs on the TV and radio at the moment keep going on about the selling off of assets not being a " firesale ". There was me thinking that selling off part of the Lloyds group for a quid is exactly that?
Despite the warnings that tax payers could lose billions of pounds in the splitting up of Lloyds, RBS and Northern Rock - the firesale continues unabated and without thought of the financial burden that will be placed on the public for generations to come.
Once again the tax payer will be shafted I'm sure, and left with a collection of toxic debt that burden us all for years to come.
(No Ratings Yet) Loading ...Labour adds another £40 billion burden for the British tax payer
Alistair Darling completely forgot to mention the fact that he would be forced to plough at least another £40 billion into RBS, Lloyds and Northern Rock in order to create 3 new banks, whilst singing his own praises on the politics show on Sunday morning. Nothing like transparency and openness!!!
Mind you, what's another £40 billion of tax payers money when you've already thrown £1.3 trillion at the problem!
He talked about our banks that " got far too exciting and too interesting with catastrophic consequences " ( roughly translated that means ' that the very lax and poor financial regulations that had been put in place by Gordon Brown to monitor and regulate banks were completely useless ') and then having " stabilised the system " ( roughly translated that means ' we'll throw as much public money into the bottomless financial pit ( £1.3 trillion at the moment and counting ) as we see necessary in the hope we might avoid a chronic depression in the UK ' ) he moved on to talking about "a safer more competitive banking system " ( roughly translated that means ' we've let the banks and financial institutions run amok unmonitored and unregulated, and we've now got to implement some proper regulative powers and far stricter business practice guidelines ' ).
He also forgot to mention that it was the EU that told the British government that they had to break up the banks to create a more competitive market under their strict state aid rules.
Alistair Darling is still living in an expenses induced fantasy world where all is bright and happy - he needs to get down to grass roots and speak to the man on the street to see what's really going on in the UK right now.
(No Ratings Yet) Loading ...Pages
Categories
Recent Posts
- David Chaytor loses appeal to have jail sentence reduced
- Long time no blog…..
- Ed Balls approach to ” light touch regulation “.
- Gordon Brown and his approach to ” light touch regulation “.
- Charles Clarke still wants a vote on the Kelly Report recommendations.
- Is there anything Gordon Brown hasn’t given away?
- Lloyds sells Halifax estate agency for £1
- Labour adds another £40 billion burden for the British tax payer
- Mervyn King, bank reform and £6bn bonuses
- Nick Griffin on Question Time with Jack Straw, Chris Huhne, Sayeeda Warsi and Bonnie Greer
- There’s Nothing British about Nothing British is there?
- Labour MPs whinging about their Parliamentary Rights.
- What do they know?
- Peter Hain calls for Nick Griffin to be banned from Question Time.
- MPs want more pay and increased holidays.
