News0 min ago
Where will all this end?
12 Answers
http://www.independen...building-6264307.html
The 'Reds' have now taken over the UBS building, how much longer are the authorities going to hang about before they have the balls to move in and get this protest squashed before they take over the very Houses of Parliament?
The 'Reds' have now taken over the UBS building, how much longer are the authorities going to hang about before they have the balls to move in and get this protest squashed before they take over the very Houses of Parliament?
Answers
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I thought their aim was to disrupt the financial areas of the world - stupid idiots - don't they realise somebody is going to make a big hit on the market if they are successful and countries currencies are devalued - and then what, more austerity measures, less jobs, double dip inflation the only ones who will suffer are the ordinary man in the street.
JTP, surprised you have come down off that high horse you usually ride, these people just don't get it, and if the banking industry went t*ts up, then we would all be in the proverbial. If Angela Merkel has her way, then can see those currently ensconced in the financial district, up sticks and move to a more savvy country, where they do not keep on beating the donkey with a stick until it expires.
em10 the great urban myth - upsticks where? The big well take our ball and play elsewhere no they won't.
We shouldn't have bailed them out. Some people are so comfortable they don't realise what is happening to the ordinary people of this country. So for no discenable reason, that I can see, they support the rich getting richer paid for by the poor who are getting poorer.
We shouldn't have bailed them out. Some people are so comfortable they don't realise what is happening to the ordinary people of this country. So for no discenable reason, that I can see, they support the rich getting richer paid for by the poor who are getting poorer.
Dave, so if the banks hadn't been bailed out, what happens to them. if they went belly up, doesn't that take out everyone's money, businesses failing, and then finally bankruptcy. It's not just about large bonus payments for fat cats, but far reaching tentacles in all our lives. We all played a part in this mess, whether you like it or not. Borrow more than you can repay, go broke, live within your means, happy bunnies, mostly.
I was replying to the Original Poster Brenden but if the cap fits....
As for beating the Donkey with a stick it rather depends if the Donkey has opened your wallet and had several thousand quid off of you and is threatening to do it again!
Brenden currently Merkel is suggesting a Tobin Tax - this is an American idea of a tax on individual financial transactions.
It would be in the EU and in the US to prevent precisely the "upping of sticks" you refer to.
Putting a tax on individual transactions would not be a barrier to investment transactions but would hinder the sort of finacial gambling that does not generate wealth and destabalises the market.
The Banks have a gun to our heads - they are deeply in hock to many failing enterprises due to their own stupidity and know we can't let them fail or risk a depression.
Splitting their little gambling dens off has to happen before we get mugged by these crooks again
Even the Dave and George Show agrees - they just think they banks need another seven and a half years to do it!
They can conduct financial transactions of billions in a blink of an eye but putting their house in order takes 8 years?
I bet the Tories wouldn't pass a bill on Union reform and give them 8 years - what do you think?
As for beating the Donkey with a stick it rather depends if the Donkey has opened your wallet and had several thousand quid off of you and is threatening to do it again!
Brenden currently Merkel is suggesting a Tobin Tax - this is an American idea of a tax on individual financial transactions.
It would be in the EU and in the US to prevent precisely the "upping of sticks" you refer to.
Putting a tax on individual transactions would not be a barrier to investment transactions but would hinder the sort of finacial gambling that does not generate wealth and destabalises the market.
The Banks have a gun to our heads - they are deeply in hock to many failing enterprises due to their own stupidity and know we can't let them fail or risk a depression.
Splitting their little gambling dens off has to happen before we get mugged by these crooks again
Even the Dave and George Show agrees - they just think they banks need another seven and a half years to do it!
They can conduct financial transactions of billions in a blink of an eye but putting their house in order takes 8 years?
I bet the Tories wouldn't pass a bill on Union reform and give them 8 years - what do you think?
I must say I find the overly-emotive reaction (on both sides) to these events rather tiresome. But the protestors have made a point, have they not? If we think about how we've organised our society, it does seem a little strange on rational grounds alone that a large and long-term disused building building should be owned by UBS while some are being deprived of valuable community services. It's rather inefficient, no? I have no faith that the fanciful plan they have for the building will ever come to anything, but on a broader level it encourages us to think about how we could run our society differently. Nothing concrete, perhaps, but you can't work out details if you don't have the idea in the first place.
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