The much loved 'investment artist' has been discussing his 'savings plan that didn't deliver'.
"There wouldn't have been a problem if they'd only changed the law to make what I did legal. Lets face it, depositors with banks like RBS would have lost all their money too, if the government hadn't stepped in and bailed them out. And remember: the government did it with your money, folks!
"What a klutz I was. These politicians sure know a thing or two. Listen boys and girls, don't make the same mistakes as Uncle Bernie. If you want to part a fool and his cash, do it the traditional way. Seek public office.
"Government - it's a licence to print money."
Elsewhere in the news - One of the architects of Enron endorses the IMF! More later
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We need better education. Teach people to realise that society is based on a bed of lies
ReplyDeleteSpeaking as a Goldsmith, I don't think that you can take the law for a ride.
ReplyDeleteAt least not without a first class legal education
What would you do faced with this crisis? Just let the country turn to rioting?
ReplyDeleteGovernment does not pay so well. You spend all your time trying to get these bankers on board so that you have a job afterwards
ReplyDeleteBankers have Darling and Brown by the short and curlies. Also the Gov knows that letting the bankers do their magic tricks is a good way of faking recovery in the short term.
ReplyDeleteRe-build the pyramid... see if it works...
If you throw money at anything, you can make a market in it. Look at Brit art.
ReplyDeleteAny economy dependent on housing and banking was always going to be a bit of an illusion.
ReplyDeleteBoom and bust were actually more likely under Brown's economic model. Rampant house price inflation, cheap credit, all storing up a bubble that would burst at some point
ReplyDeleteAnd show me a Chancellor who wouldn't do the same thing in the circumstances
ReplyDelete