HardyBamboo Posted January 17, 2014 Author Share Posted January 17, 2014 Who is saying the Scottish government was culpable for RBS? The point is, they were advocating nothing different to Labour and indeed both Swinney and Salmond were preening about RBS's grand expansion plan. As I said, if you are looking for a "third way" economically, don't look to incompetents like Salmond and Swinney. Got any suggestions for an alternative? Link to comment Share on other sites More sharing options...
HardyBamboo Posted January 17, 2014 Author Share Posted January 17, 2014 Love the headed note paper. Gives it the authentic look don't you think. Every politician would have jumped on the same bandwagon. Pretty much the whole world made the same mistake with the banks. And boy has the world paid for it. However the clever countries learned from the mistakes. Others like the UK continue in the same manner as before and at some point in the future another crash will happen. What this referendum is about is looking forward not back. We can look back to all sorts of mistakes over the years but it surely is all about putting yourself in the best position to ride out the consequences. Unfortunately as part of the UK we will feel it substantially more as a ) we are heavily dependent on the financial service sector and b ) we will never recover from the current position we are in for decades. If at all. Will it happen before the next bust happens? Unlikely as they tend to come around once every ten years or so. As an independent nation we will have the chance to recover. I couldn't agree with you more. Link to comment Share on other sites More sharing options...
H_B Posted January 17, 2014 Share Posted January 17, 2014 Got any suggestions for an alternative? I'm not an economist. Link to comment Share on other sites More sharing options...
HardyBamboo Posted January 17, 2014 Author Share Posted January 17, 2014 I'm not an economist. You dont need to be to have an opinion, remember the thread topic. Link to comment Share on other sites More sharing options...
H_B Posted January 17, 2014 Share Posted January 17, 2014 You dont need to be to have an opinion, remember the thread topic. I'm not sure what your question is. I assumed you meant an alternative to the FSA (now FCA). Link to comment Share on other sites More sharing options...
HardyBamboo Posted January 17, 2014 Author Share Posted January 17, 2014 I'm not sure what your question is. I assumed you meant an alternative to the FSA (now FCA). No, for the "Third Way", do you think any of the guys who ran up the national debt would do any better? Maybe some of the current Westminster politicians? Link to comment Share on other sites More sharing options...
Enigma Posted January 17, 2014 Share Posted January 17, 2014 Off topic slightly but where do people think we'd be today and what would have happened if we had let the banks fail? Link to comment Share on other sites More sharing options...
H_B Posted January 17, 2014 Share Posted January 17, 2014 No, for the "Third Way", do you think any of the guys who ran up the national debt would do any better? Maybe some of the current Westminster politicians? No, I doubt Labour or the SNP would make a better job of the economy. Link to comment Share on other sites More sharing options...
H_B Posted January 17, 2014 Share Posted January 17, 2014 Off topic slightly but where do people think we'd be today and what would have happened if we had let the banks fail? I'm quite interested in that too. Link to comment Share on other sites More sharing options...
MassiveFanDan Posted January 17, 2014 Share Posted January 17, 2014 The UK civil service continue to make the most striking and convincing economic case for Scottish independence, in their meetings to discuss devolution. ...the orders of magnitude are sufficient to show that Scotland would have more cash on independence than under continued union. http://www.tomgriffin.org/the_green_ribbon/2007/01/state_papers_on_1.html Link to comment Share on other sites More sharing options...
ayrmad Posted January 17, 2014 Share Posted January 17, 2014 Off topic slightly but where do people think we'd be today and what would have happened if we had let the banks fail? Probably better off now but we would have suffered more pain. Link to comment Share on other sites More sharing options...
I'm Brian Posted January 17, 2014 Share Posted January 17, 2014 Off topic slightly but where do people think we'd be today and what would have happened if we had let the banks fail? I suppose it will go down as one of the great what ifs, but it never did Iceland any harm.Totally different beast I know. Given the ridiculous amount of money the Fed and others loaned to the British Banking system at the time it was never really going to be an option. Link to comment Share on other sites More sharing options...
H_B Posted January 17, 2014 Share Posted January 17, 2014 I suppose it will go down as one of the great what ifs, but it never did Iceland any harm.Totally different beast I know. Given the ridiculous amount of money the Fed and others loaned to the British Banking system at the time it was never really going to be an option. And the huge amounts of RBS that the British government had to purchase in the bail out after their disasterous mismanagement. Link to comment Share on other sites More sharing options...
I'm Brian Posted January 17, 2014 Share Posted January 17, 2014 And the huge amounts of RBS that the British government had to purchase in the bail out after their disasterous mismanagement. What about them. The money that the UK govt ploughed into RBS and HBOS was a fraction of what other governments loaned the two named banks to keep them afloat. The opinion that I stated was that as our colonial masters ploughed that money in as loans, it was unlikely that Gordon Brown and Alistair Darling were ever going to do anything but save the banks. Link to comment Share on other sites More sharing options...
H_B Posted January 17, 2014 Share Posted January 17, 2014 What about them. The money that the UK govt ploughed into RBS and HBOS was a fraction of what other governments loaned the two named banks to keep them afloat. The opinion that I stated was that as our colonial masters ploughed that money in as loans, it was unlikely that Gordon Brown and Alistair Darling were ever going to do anything but save the banks. Got the figures there for that? Link to comment Share on other sites More sharing options...
I'm Brian Posted January 17, 2014 Share Posted January 17, 2014 Got the figures there for that? http://www.businessforscotland.co.uk/bizforscotland-destroys-the-no-campaigns-bank-bail-out-lies/ Link to comment Share on other sites More sharing options...
H_B Posted January 17, 2014 Share Posted January 17, 2014 Sorry, I asked for figures that support this claim :- "The money that the UK govt ploughed into RBS and HBOS was a fraction of what other governments loaned the two named banks to keep them afloat." Can you provide them please? Link to comment Share on other sites More sharing options...
I'm Brian Posted January 17, 2014 Share Posted January 17, 2014 I just have. Link to comment Share on other sites More sharing options...
H_B Posted January 17, 2014 Share Posted January 17, 2014 I just have. No you haven't. Unless you are suggesting "Barclays" is actually cunningly "RBS and HBOS" Please provide me the figures which support this claim - "The money that the UK govt ploughed into RBS and HBOS was a fraction of what other governments loaned the two named banks to keep them afloat." Link to comment Share on other sites More sharing options...
I'm Brian Posted January 17, 2014 Share Posted January 17, 2014 Well believe it if you want. Don't if you want. All figures were obtained under a freedom of information request by the author after some digging, I've given you the article. OK nice edit. Try reading to the bottom of the article Link to comment Share on other sites More sharing options...
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