Andrew Fisher (LEAP) on Northern Rock repossessions
Andrew Fisher (LEAP Co-ordinator) being interviewed about the repossession rate of nationalised bank Northern Rock.
Duration : 0:4:23
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12 Responses to “Andrew Fisher (LEAP) on Northern Rock repossessions”
You are so right. I …
You are so right. I bet you can guess the man who got a massive pay cheque in his back pocket, Alistar Applegarth! The former chairman of Nothern Rock who I personally blame for engineering the credit crisis.
If I’d've been in charge of all this, he would have been a street sweeper paying the enormous loans out of his own pocket, and Northern Rock wold have had to go defunct like Barings had to in the mid-nineties when another incompetent was gambling money he didn’t have.
Comment made on March 19th, 2009 at 12:23 amThe best thing to …
The best thing to happen to Northern Rock was for them to collapse and not be propped up and their directors being rewarded for failure.
Michael Stephen Nolan
Cork - Eire
Comment made on March 19th, 2009 at 12:23 amThis is new ” …
This is new “britain”:
Anything that’s national, make it of the absolute worst possible quality so that people will think that anything public is destined to failure.
Rob the poor, reward the thieves, divide and rule.
Comment made on March 19th, 2009 at 12:23 amNo taxes, AND the …
No taxes, AND the best PUBLIC services.
Power of emission of money and credit…
Comment made on March 19th, 2009 at 12:23 amLet’s get this …
Let’s get this straight….
Public buys back the sunken northern rock, with it’s lead packages of unpayable loans and mortgages.
Public then reposseses homes and makes the owners pay rent, who were unable to cover the increasing abnormal costs incurred by financial institution failure to meet obligations.
Public rewards institutional failure with a strange bailout, that ratchets up the national debt… payable to BofE and shareholders/members.
Public gets robbed, and then rewards thieves!
Comment made on March 19th, 2009 at 12:23 amVery cleverly …
Comment made on March 19th, 2009 at 12:23 amVery cleverly orchestrated by bbc and co as usual…
This is a very …
Comment made on March 19th, 2009 at 12:23 amThis is a very clever way to confuse people into supporting an idea that they think represents their cause, channeling them into a vehement position that divides them and creates a barrier for any reajustment of grievances.
No need for taxes, …
No need for taxes, they are based on an anomality. Were the power to emit money and credit be public, no taxes would be necessary on the individual for regular incomes.
It is the failure of the central and private banks on meeting their obligations that incured all the extra costs.
Any fair trial would make the guilty pay, not the innocent.
UK is socializing the losses of private corporate entities, that is fascism, not socialism (of the regular kind)
Comment made on March 19th, 2009 at 12:23 ampay rent?
bullshit …
pay rent?
bullshit!
People should not fork out anything for the central bank failing to meet it’s obligation to regulate inflation bellow 3%.
Comment made on March 19th, 2009 at 12:23 amGood job Andrew. …
Good job Andrew. I’ve been reading the LEAP papers and have just started reading ‘The Credit Crunch’ by Graham Turner. Both are great read’s.
I will forward this and John Mcdonnell’s interview to as many of my friends as possible.
Looking forward to the LRC conference! Keep up the good work.
Comment made on March 19th, 2009 at 12:23 amvery cool
lets …
very cool
lets chat lY
Comment made on March 19th, 2009 at 12:23 amGovernments should …
Comment made on March 19th, 2009 at 12:23 amGovernments should buy repossessed houses just before they are, at market value, invite those in them to rent as Social Housing, later to negotiate to buy again but at overall advantage to taxpayers. This is possible in the UK, but in the USA they are terrified of SOCIALISM, and it would be a very hard sell there. Also there is the American Dream of course. Its the free market philosophy and Maggie Thatcher that got us all into this, and Labour always historically operates a Boom and Bust cycle.
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