Andrew Fisher (LEAP) on Northern Rock repossessions
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the future chancellor !!!
stanleymaiden 1 year ago
Andrew Fishers unite!
andrewhfisher 2 years ago
You are so right. I bet you can guess the man who got a massive pay cheque in his back pocket, Alistar Applegarth! The former chairman of Nothern Rock who I personally blame for engineering the credit crisis.
If I'd've been in charge of all this, he would have been a street sweeper paying the enormous loans out of his own pocket, and Northern Rock wold have had to go defunct like Barings had to in the mid-nineties when another incompetent was gambling money he didn't have.
dollydot123 3 years ago
The best thing to happen to Northern Rock was for them to collapse and not be propped up and their directors being rewarded for failure.
Michael Stephen Nolan Cork - Eire
mikexxxxnolan 3 years ago
This is new "britain":
Anything that's national, make it of the absolute worst possible quality so that people will think that anything public is destined to failure.
Rob the poor, reward the thieves, divide and rule.
divinacomedias 3 years ago
No taxes, AND the best PUBLIC services.
Power of emission of money and credit...
divinacomedias 3 years ago
Let's get this straight....
Public buys back the sunken northern rock, with it's lead packages of unpayable loans and mortgages.
Public then reposseses homes and makes the owners pay rent, who were unable to cover the increasing abnormal costs incurred by financial institution failure to meet obligations.
Public rewards institutional failure with a strange bailout, that ratchets up the national debt... payable to BofE and shareholders/members.
Public gets robbed, and then rewards thieves!
divinacomedias 3 years ago
Very cleverly orchestrated by bbc and co as usual...
divinacomedias 3 years ago
This is a very clever way to confuse people into supporting an idea that they think represents their cause, channeling them into a vehement position that divides them and creates a barrier for any reajustment of grievances.
divinacomedias 3 years ago
No need for taxes, they are based on an anomality. Were the power to emit money and credit be public, no taxes would be necessary on the individual for regular incomes.
It is the failure of the central and private banks on meeting their obligations that incured all the extra costs.
Any fair trial would make the guilty pay, not the innocent.
UK is socializing the losses of private corporate entities, that is fascism, not socialism (of the regular kind)
divinacomedias 3 years ago