Viewing 8 posts - 1 through 8 (of 8 total)
  • Uncle Vince…
  • teamhurtmore
    Free Member

    ….looking forward to seeing Uncle Vince’s speech in a few minutes. In particular, the bright idea (possibly, depending on the details) of a system for unlocking finance to SMEs. Will the Business Secretary (sic) now abandon his BS about referring to all aspects of banking as casinos etc. and behave and articulate himself in a manner befitting a senior member of government?

    So his new proposal is not (according to leaked details) a bank in the traditional sense of the word. It is, in effect, a method of securitisation ie, gov money used to buy up loans, package them and sell them to pension funds. The very activity that lay at the heart of the crisis from which Uncle Vince came up with his vitriole against the financial services industry. An interesting irony. Let’s see how this is spun…..?

    Stoner
    Free Member

    Id liken it to humouring a senile old man only it doesnt need the simile… 🙁

    deadlydarcy
    Free Member

    It’s going to be a right-wingers masturbation marathon waiting to see if Vince says anything (which he will) that they can ridicule.

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    Junkyard
    Free Member

    who would have thought to find you two here moaning about him

    I hope he does whatever annoys you two the most 😉

    THM i have no idea why you become like a sun reporter when cable appears and get all pantomime villain about him

    Will the Business Secretary (sic) now abandon his BS about referring to all aspects of banking as casinos etc.

    Will you stop misrepresenting what he said ALL banking?

    and behave and articulate himself in a manner befitting a senior member of government?

    yes he is straight of the platform to go and call some coppers **** plebs

    teamhurtmore
    Free Member

    Like many LD ideas, there is a strong element of good sense behind the idea, but the issue will be in the practicalities and implementation. But it is the idea of VC promoting securitisation of (relatively high) risk assets that just makes me smile. The irony is startling, but I would rather this than his normal BS rhetoric. So a potential step forward…..

    teamhurtmore
    Free Member

    DD- hardly, more likely to be supported by RWingers as an idea.

    JY, What’s Mitchell got to do with it -apart from another irony of making Clegg slightly uncomfortable – the guy behaved like an ar** and deserves what should be coming to him.

    Actually an amusing and interesting start!

    ernie_lynch
    Free Member

    I consider Vince Cable to be the most discredited LibDem – more so than Nick Clegg imo.

    teamhurtmore
    Free Member

    Despite the lack of detail on the new bank, I am quite impressed so far. He is actually behaving like a member of a coalition in contrast to past behaviour. So good for him.

Viewing 8 posts - 1 through 8 (of 8 total)

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