Across the Atlantic, the global financial troubles have reached the UK, as it becomes the latest nation to feel the pinch. Rating's giant Moody's has downgraded 12 of Britain's financial firms and banks, including the Royal Bank of Scotland and Lloyds TSB. That comes after the Bank of England chief said the country's economy is at its lowest point since the 1930s if not ever. RT gets more on this from British Euro MP, Godfrey Bloom.
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What do you think that bush was talking about when he promoted and legislated deregulation?
Deregulation of Wall St. means its legal to make money anyway you want as long as you share it with republicans. Why do you think bush wanted to give the same deregulated Wall St bankers access to the SS trust fund and was thankfully stopped by the Democrats?
Ron Paul is incompetent. He has no understanding of economics and that's why most people ignore his ideas of returning society to the stone age.
Phalinex 4 months ago
@Phalinex and don't even THINK there is no criminal activity:
market-ticker.o rg/akcs-w w w? post=195649
ytgv3fc7 4 months ago
@Phalinex "hear a lot of complaining but no ideas or solutions"
#1 gold standard for all currencies
#2 jail the bankster mafia
problem solved.
ytgv3fc7 4 months ago
@Phalinex America's on no recovery whatsoever. It's printed money & fraud on the books. Jobs are down, wages are down, EBT/foodstamps/welfare relies on bankrupt government revenues, China is dumping treasuries (the SOURCE of that income). America is the biggest bankruptcy in the history of all civilization
ytgv3fc7 4 months ago
I hear a lot of complaining but no ideas or solutions. America took a harder hit than Europe from the bush/republican economic collapse yet America is on a slow but sure recovery while Europe is getting worse. The Fed acted to stabilize the financial collapse and as a result they were able to stop the avalanche of asset and job loss. European countries have yet to deal with their monetary system and they will continue to pay the price for their inaction.
Phalinex 4 months ago