General (General discussion, talk about anything.)
"Gordo Brown, bailed the banks out in 2008 when they went bust, to the tune of billions and billions of pounds, who had to pay for that ????"
Well there's a surprise; it was the Financial crisis started by the selling off of sub prime mortgages in the states, and worsened by the passing off of bad debts, (derivitives), by other banks.
Javid worked for Duetsche bank doing this. Blame him.
https://www.euromoney.com/article/b12km259jtpqtd/sajid-javid-from-risky-business-to-business-secretary
We keep being told that it was Labour that spent too much.
They did, but if Brown hadn't bailed the banks out, the whole financial system would have crashed.
The banks caused the problem: we paid the price by bailing them out by billions, and nine years of austerity, but don't let facts get in the way of lies.
Replied: 30th Nov 2019 at 10:23