It was the way that Brown specifically split regulation. As was foretold by Peter Lilley, when the split was created, in very considerable detail. But ultimately it was because Brown was addicted to … (View Post)

How does extracting gas and burning it differ from buying the same gas extracted from the same field, from Norway? Apart from the U.K. profits and resultant tax revenue? (View Post)

We had a budget deficit before the crash. Afterwards it ballooned to more than 10% of government spending. A budget deficit like that is unsustainable, even in the short term. This is why austerity h… (View Post)

Theory - the Emperor in 40k is actually hanging on to pass the ever rising pension age. (View Post)

The U.K. banks were buying the derivatives because proper risk analysis was deprecated. Regulation on risk could have tapered down the positions. I was working on a contract in ABN - IT working on de… (View Post)