Wednesday, 6 May 2009

No bailouts!

I was at a dinner last night attended by members of the great and the good. No names: Chatham House Rule and all that.

It can be revealed that a sizable number of the attendees think that the banks shouldn't have been bailed out.

I agree.

1 comment:

David Farrer said...

Comments made on previous template:

Jonny N
Too damn right. With a quick restructuring (debt/equity swap probably) some of the losses would have ended up falling on us anyway (via losses to pension funds etc.) but at least we might have had a principled, consistent and clean approach to the crisis, and the banks would be in better shape (for some unfathomable reason everyone is worrying about the banks' assets rather than their liabilities).

10 May 2009, 09:21:31 GMT+01:00
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Trooper Thompson
Pity that they hide their views behind 'Chatham House Rules' - a distasteful practice. 
Bill, I think you should look past the shoulder of the government. Socialism it may be, but run by that other Internationale - the financiers.

8 May 2009, 00:50:03 GMT+01:00
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David Farrer
Agreed Bill. 
This dinner was attended by Tories, LibDems, SNPs and bankers! No likely Labour voters. But I did say "the good"...

7 May 2009, 07:00:21 GMT+01:00
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Bill (Scotland)
A view I've expressed, too - however,, the harsh reality is that the 'great and good' have one vote apiece like everyone else, so the nicnompoops in Downing Street have other priorities. In any case my belief is that the whole purpose of this crowd of charlatans has been to destory capital and force alomost the whole population into subservience to the State; it's a mistake to think this has been an unfortunate 'accident', it has been Brown's whole purpose since he became Chancellor in 1997.

6 May 2009, 22:25:11 GMT+01:00
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David Farrer

6 May 2009, 20:14:49 GMT+01:00
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The great and the good? Do we have enough to fill a dining room?

6 May 2009, 19:52:48 GMT+01:00