And the reason the City tended to ape Wall Street was because both had incompetent and complacent regulators before the financial crisis. The reason Canada and Sweden, etc., didn't have a financ… (View Post)

I agree completely. I remember during my Master's in financial economics reading in one of the textbooks about how bets on derivatives could rapidly snowball and cause a financial crisis, spread… (View Post)

You can care about something and have completely moronic and self-defeating ideas about what to do about it. In fact, I'd say that's the rule, not the exception, within left wing politics g… (View Post)

Another mistake that probably doomed Keir's premiership was the extraordinarily thin manifesto Labour ran on. It kept the Labour Party together and didn't frighten the horses before the las… (View Post)

I'd rather somebody who has no idea how to drive than someone who would drive us off a cliff. A dismal choice, but what we face with the current government, over and over again. (View Post)