The banks went bust in 2008 because Gordon F. Broon failed to regulate the morons running them [because he was trying to use them to buy Labour votes in Scotland] and those morons got involved in the spivery around the US sub-prime mortgage scheme, which awarded mortgages by law to people who couldn’t afford them and who were bound to default on them.
There was regulation after the crash.
Now, our wonderful Chancellor is planning to bin the regulations and let the nutters of the banking world go mad again. Proving that the lesson of history is that no one ever learns from history.
Sunday, 20 July 2025
A return to banana republicism
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment