BREXIT - Is This Really Still Rumbling On? 😴
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Not quite sure why verbals over the noughties global financial kerboom is in the Brexshit thread but...
I recall the driving force behind it being the subprime mortgage shenanigans of the YankeeDoodlers. And when the USanians get it so wrong, rest of us suffer.
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Would "We told you so" be inappropriate, or is it too early to say?
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"Parallel universe", "Impossible to tell", "Meaningless"......
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
"Oopsie! If only someone had warned us!! Still, accidents will happen, won't they? Just don't blame us."
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The linked blog post is a long read, but (for me, at least) thought-provoking.
It almost suggests that 'Brexit' is a never-ending project, as the supposed 'end' was and ever will be undeliverable in the modern world.
The conspiracy-theory part of my brain then muses on whether the engineers of Brexit actually welcome that impossibility and the chaos it would bring about if allowed to continue its downward spiral.
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They never expected to win and had no plan for victory.
Look how ashen BoJo and Gove look in their victory speech.
It really does not have the energy of a win,
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Isn't it the mirror image of some of your posts on this thread?
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brexiter delusion syndrome is still raging :)
my bike - faster than god's and twice as shiny0 -
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So is Bad Enoch in Beijing opening up new pork markets? Oh, hang on, that was a previous gen Tufton St muppet.
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if rwanda doesn't work out, big opportunity to launch great british soyent green on the world, perhaps brand it "village green", sounds quainter for the export market
my bike - faster than god's and twice as shiny0 -
Bad Enoch 🤣
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The Rock was the first time that "The Man (Queueing) in the Street" in the UK took any notice, but Bear Stearns going down the pan earlier that summer was the start of the crisis. Bear Sterns went down due to credit losses, whereas The Rock fell victim to an asset liability mismatch after credit markets seized up in the aftermath of the Bear Stearns situation.
I guess deciding whether The Rock or RBS was the most badly run is somewhat subjective, but having worked on projects on both in the aftermath of their demises, my professional opinion is that RBS's mismanagement was on a whole different level compare to The Rock's. RBS abandoned underwriting in around 2004, beyond checking that a prospective borrower had a pulse.
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Not strictly true. The UK, Ireland and Iceland were affected much more than other developed economies, as their respective leaders had gone "all in" on financial services. Most other countries weren't so badly affected as they'd been more circumspect in their approach to FS.
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Mmmm you sure about that?
London is a global financial centre, which is a good thing. That also means than in great financial crises it does generally fare worse.
I wouldn't say though that other countries were "more circumspect" in their approach to FS.
Germany had as many banks fall over than the UK, and German banking has properly never recovered, and their regulators were plenty more clueless than the FSA were. Landesbank Sachsen, Dresdner, Hypo Real Estate, Western German state Bank
Most of the Mediterranean banks limped through the GFC before succumbing to the subsequent (and still related) Sovereign Debt Crisis.
Fortis fell over, Dexia fell over. UBS got a monster state rescue.
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DUP testing the the supposed veto in the Windsor Framework today.
New EU regulations around geographic protections on craft and other products (similar to that currently on food and drink) would apply to NI and not GB
As I understand it there need to be a cross community vote approving the regulation's application in NI. If not the UK need to decide whether or not to veto the introduction and .....
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
New regulations fail to gain cross community support
Will the Government veto?
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
Varadkar resigned yesterday
I'm fairly sure that's every major player in Brexit has now left the political stage
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
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Not sure I'd describe Varadkar as a child of the Brexit revolution...
As ever, I don't agree with everything McTague has written here, but it's worth reading
https://unherd.com/2024/03/leo-varadkars-ruthless-pursuit-of-power/
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
I don't think that Varadkar's Brexit negotiations helped NI (you may disagreed), but I would be surprised if that had any impact on polling in Ireland. Do they care what unionists think? The article suggests other factors such as housing are more important, so it's strange it focuses on Brexit so much.
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I dont think many in the UK will know that he has gone, let alone give a sh1t about it.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
The Tory media bubble seemed to have been fairly interested.
MSM not so much.
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
Your assessment is spot on.
McTague is a British writer, who has taken an interest in trying to understand NI/Ireland/Brexit, and writes from that perspective
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
Yep, I did see this which seemed to get it about right:
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
A referendum to 'remove the word woman from the constitution' is an extraordinary way to frame the section of the constitution the government sought to reword. (The article writer a well known crank)
If you take the time to Googe the actual wording of the current paragraph, you'll be astounded it's in the constitution of a modern country.
I'd say if the government campaigned to keep it -the vote would have been to amend
As Enda Kenny warned Cameron in 2016, a referendum is just a free kick on the Government
“New York has the haircuts, London has the trousers, but Belfast has the reason!0 -
another win for brexiters to brag about
my bike - faster than god's and twice as shiny0
