Bill Maher on UK Conservatives
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conservatives, LMFAO
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@Angaraman Civilisation....
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@sbanham Well my friend, it looks like we do see some things the same way. As far as this goes, I think you're quite right.
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@thetrueprometheus Spot on thats the way it used tobe, But why lend 3 times when you can lend 5 or 6, Greed from both the banks and the politicians. the english public didn't help as all looked at house price rises as easy money which it was. Problem is unless you own more then one house your no better off.
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@sbanham It's not just as simple as that... It wouldn't just have been the share holders. If the banks had been allowed to go bust, everyone with money in the banks would have lost everything.
Quite obviously, that could not have been allowed to happen.
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@sbanham I think you have slightly rose tinted view of John Major's time in office. Fortunately, I am old enough to remember it. Does three million unemployed and interest rates hitting sixteen percent ring any bells?
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@sbanham Inadequate. The amount of money that can be lent to a prospective house buyer should be pegged by law at three times annual income.
That would bring house prices to heal virtually over night.
Before you say it, I know, in the short term lots of people would be put into negative equity. There's a price to be paid for everything. In the long term, we'd have a sustainable housing market.
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@thetrueprometheus Gordon Brown inherited a fantastic position in 1996, low inflation, unemployment and a budget surplus. The whole world expearianced growth for the next 10 years. With record tax recepts, Low interste rates he still could not balance the books. I'm sorry but but it just looks like a total fail to me.
A REFRESHING BURST OF WHAT GOD DAMN IT?!
Angaraman 4 days ago 3
Winning
7ranc3Addict 4 days ago