Rory Bremner on global economic meltdown

[MrNaffifire]

I loved it when he mocked Gordon Brown xD awsome

[LoveioClarisaa444]

ühm_ì_fÈÈl_sø_l0nèly_tÔdàÿ

[Wabeberu]

If only Peston could speak as lucidly as in the first piss take!

[mikeybrumbrum]

next year British Telecom announces it forgot to pay its electricity bill for the last 50 yrd.

£10Trill plus interest = 5000 Zillion

year after, the water companies realise theyve misscalculated by 3 Gazillion Willion.

[sosaybrothernathan]

@mikeybrumbrum What the hell are you talking about, you moronic dolt.

[ianclivewright]

Regulation doesn't work, never has, never will, it's just jobs for the boys. Capitalism should be regulated to some degree, health and safety etc, but in so far as doing business, that's for the market to decide(which it does anyway, whether we like it or not), in a free market interest rates would have risen to calm this bubble, a gold standard for currency would have forced fiscal dicipline.

Massive Corruption, Hyperinflation, a bad transition, agreed.

[ianclivewright]

Well it's not magic, just the way the world has operated since the dawn of time.

Unregulated capitalism, Freddie Mac, Fannie May, government institutions aren't they? The Federal Reserve, The Bank of England, government institutions aren't they?

Interests rates forced artificially low to cause a credit boom, didn't governments do that?

Blatantly false inflation figures, isn't that the governments doing?

Targets for housing? Lobbying by corporations?

Unregulated capitalism, yes please.

[ianclivewright]

But that would only be true if banks and corporations were not regulated. They are regulated, a lot, but it made no difference, and will never make a difference. It's rather obtuse to call for more regulation when all the previous regulation has failed?

The market is a force on its own, and we're all about to discover what happens when you hold back the dam for too long.

Of course you don't need free markets and capitalism, the Soviets managed without it didn't they?

Gibberish indeed.

[NUCLEARDOLPHIN]

we dont need these idiots who buy and sell debt for huge cash bonuses anymore, the system has proved to not work long term. A clear more honest system needs to be created, where people get their mortgage or loan, their income is realistically looked at and the money delivered using a sustainable means, that is measured daily by the authorities, the bonus scheme must be dropped and these guys should be put on payrolls, we dont need them anymore!! Also deposits are paramount, at least 10%

[ianclivewright]

The system is called currency backed by a gold standard, this would promote fiscal responsibility, and stop governments playing with the currency.

The free market will regulate the rest. If the banks are aloud to go bankrupt because of their stupid reckless lending, then the reasonable loans will be bought up by more responsible lenders, the bad debt will be liquidated, and life will go on.

Government intervention caused this bubble, and more intervention will only make it worse.

[RJWooller]

Huw Edwards. What a character!!!

[platini2001]

is it just me or is there a Robert Preston meltdown. He's constantly on the BBC giving the worst economic news with that lagging voice. Gd Work rory

[dougily]

look at the shit happenning now capitalism out of control .brenmer is the man

[ianclivewright]

No interventionism out of control. It's the state interfering in the markets that has brought this to pass. The credit crunch, the housing bubble, regulation failure.

The free market would have let interest rates rise and slowed the bubble, there would have been a recession and then we'd have started again.

By interfering, and continuing to interfere in the markets the oncoming recession is going to be deeper, and worse.

That's not capitalism, that's socialism.

[mark7144]

How annoying is Robert Peston's voice? ARGHH!!!

[worcesterwombat]

very very annoying indeed

I don't thnk Peston knows his ass from his elbow on economics

[1poorbaby]

well, when idiots blame the recession on him for reporting it then there's not alot he can say. Anyway he's bbcs business guy, evan davis and paul mason are the economy experts, but even they are reined in.

the bbc wants to keep its fee.

Peston's made a name for himself cause he's got some heavyweight city and govt contacts.

[worcesterwombat]

and his dad is Lord Peston, so the usual BBC/Nulabour nepotism

[zappascotland]

Spot on. New Labour Britain is built on the HP!

[raininagen5]

Problem with making stuff like this into humour is that the act of laughing at it makes people feel they have done something about it. It's control propaganda.

[Longshanks1977]

Great comment

[shogain]

true enough! Still enjoyable mind you

[hyperauxia]

insightful and unappreciated comment; I have the same issue with The Daily Show and The Colbert Report on Comedy Central from the US, however, humour can also bring attention to issues...it goes both ways

[steelerlife25]

well said...

[hesrobinson]

That's true to a certain extent, in that people don't bother to contact their MPs, etc, about the content of the show, but at the same time is makes political analysis more accesible. It's not as dry as political journalism but much of the content is pretty similar, since Bremner, Bird and Fortune are intelligent people writing for an intelligent audience. So when it gets to elections viewers have more of an idea. I do see what you mean though.

[leitegabriel]

nicely put, I think you've got a point

[toney9876]

good, point, though i dont know if i would have bothered to do anything about the issue even if i hadnt seen this

[pigeonkid4]

@raininagen5

An interesting point, but if you think that is Rory Bremner's agenda I would have to disagree strongly. He is a satirist.

[wishfulanthony]

This video... I can't stop laughing because many of Rory's statements actually do happen everywhere! Very reminiscent of the U.S. Mortgage Crisis, so its both a serious and funny sketch by Rory again!

[lucisangels]

his exemplifications about the payment for school are true?

[quickdragon]

omg i only find vids that are funny and dont fcking help me goddamnit

[10Cnote]

He's really good.

[mikexxxxnolan]

The prospects for Northern Bank and other "safe" businesses are going to struggle. Being crooked and unsupervised makes the UK uncompetitive. A good video clip.

[dimogga]

The UK's economy under Gordon Brown gets a slating in this Rory Bremner sketch

[chriswhyte]

well done. I think those of us who have watched knew that. Idiot

[Revoltingsheeple]

Can I just add that he's imitating the BBC news?

[chriswhyte]

lol, yeh.