A bunch of speculating cocks throw the world into recession and govt takes it out on ppl who've been doing the right thing.
To which I replied:
@hangbitch Yeah, living the high life on money borrowed from those speculating cocks
Somehow, the daft Australian cunt and some fellow travellers took this to mean that I was having a go a dole scroungers. I wasn't, because as far as I know (not being a dole scrounger myself) banks won't lend money to people on the dole because they don't have enough income to pay back any such loans.
My point is that everyone was happy to ride the wave of easy money created by these speculating cocks, everyone got suckered in by the false confidence generated by the monocular mentalist and his promise of ending boom and bust. In a sweeping generalisation, I'd say that nobody actually did the right thing, which is why it's so fucking painful for us all and why we're all so fucking keen for the buck to stop somewhere else.
Nobody wants the party to end, especially those who were doing OK out of the mentalist's boom.
Nobody wants to look in the mirror and say to that fuckwit in there: "You made bad decisions, too. You need to man up and take the consequences of your part in this."
My point is not that any particular group of people don't want the fake boom to end, my point is that nobody wants it to end. They're dressing it up as concern for the needy, concern for the disabled, concern for the cheeeeeeeldren.
But the truth is, what they really don't want to do is take the medicine they know they actually deserve themselves. If people hadn't ridden the wave of easy money created by those speculating cocks, riding out the consequent recession would actually be pretty easy.
Now, for the sake of completeness and for the avoidance of doubt, I will also say that I am quite happy with my track record of saying that we should not have bailed out the banks. We should have let Northern Rock go to the wall, even if we'd had to pick up every penny of deposits as a protection of customers (and we wouldn't have, because the Rock had a shitload of assets) letting some other bank pick up the Rock's assets would have cost the tiniest fraction of the mass bailout and making a better business out of it is exactly what capitalism does best.
The decision to secure the banks' liabilities was nothing other than a massive nationalisation in all but name for the Labour Party agreeing with a massive grab of public funds by corporate interests who decided that rent-seeking was a better way forward that actually facing the market the hard way.
The thing that fucks me off more than anything is that the same people calling for more "regulation" of the banks (which will only protect the same thieving incumbents from the competition that would really keep them honest) are the very same people who fail to see that the regulatory state is at least 50% responsible for the fact that vast quantities of our money were handed over to reckless business, completely absolving said reckless businesses from the responsibility for their recklessness, not just now, but in the future as well.
Look at it this way, if a child asks its parent for sweets before dinner and the parent actually gives the child the sweets, who is actually at fault?