Comments on: Casting the net – Between a Rock and the Ad Men http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/ Left-wing news, opinion and activism Sun, 12 Feb 2012 13:20:21 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Lee Griffin http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5423 Lee Griffin Tue, 19 Feb 2008 10:53:24 +0000 http://www.liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5423 Cheers for the compliment Doug Cheers for the compliment Doug

]]> By: Aaron Heath http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5413 Aaron Heath Tue, 19 Feb 2008 08:34:20 +0000 http://www.liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5413 Hi douglas, No, as Sunny as pointed out, you have my email slightly wrong (you'd think these systems would know what you mean, eh?). Hi douglas,

No, as Sunny as pointed out, you have my email slightly wrong (you’d think these systems would know what you mean, eh?).

]]> By: cjcjc http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5412 cjcjc Tue, 19 Feb 2008 08:33:53 +0000 http://www.liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5412 Thanks for directing me to Clairwil - what a hoot! Max Gogarty (brilliant name) might be a "whining little prick" - and I'll take his "disillusion" with the world of the media with a large pinch of salt - but his is nothing compared to the whining mass of commenters I found on those threads. Vitriolic is not the word. Nothing but bitterness and envy is my conclusion. Thanks for directing me to Clairwil – what a hoot!
Max Gogarty (brilliant name) might be a “whining little prick” – and I’ll take his “disillusion” with the world of the media with a large pinch of salt – but his is nothing compared to the whining mass of commenters I found on those threads.
Vitriolic is not the word.
Nothing but bitterness and envy is my conclusion.

]]> By: Sunny Hundal http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5401 Sunny Hundal Mon, 18 Feb 2008 23:23:48 +0000 http://www.liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5401 Its aaron<b>h</b>@libcon... Its aaronh@libcon…

]]> By: douglas clark http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5400 douglas clark Mon, 18 Feb 2008 23:10:33 +0000 http://www.liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5400 Aaron, Why does Aaron@liberalconspiracy.org come up with a message saying you have barred me from talking to you? Was it something I said? Aaron,

Why does Aaron@liberalconspiracy.org come up with a message saying you have barred me from talking to you?

Was it something I said?

]]> By: douglas clark http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5398 douglas clark Mon, 18 Feb 2008 21:54:03 +0000 http://www.liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5398 Is that Lee Griffin laddie not a writer on here? We should get to see his comments on the week as an item on their own, I think. Excellent stuff. Thanks Aaron. Is that Lee Griffin laddie not a writer on here? We should get to see his comments on the week as an item on their own, I think.

Excellent stuff. Thanks Aaron.

]]> By: Aaron Heath http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5366 Aaron Heath Mon, 18 Feb 2008 14:20:55 +0000 http://www.liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5366 I have just read <a href="http://www.order-order.com/2008/02/seventies-socialism-returns.html" rel="nofollow">Guido's piece.</a> He talks a lot of sense, but I would take issue when he says "there was no systemic risk to the financial system." There absolutely was a short-term risk to the system. If NR would have defaulted on committed transfers, the knock-on effect would have caused serious problems across the UK system, and would have rippled into other markets. Last year a German bank ran out of cash and it caused major problems. From an ideological POV, I would have preferred to see the bank collapse. I don't see a role for the government in a private industry. The move was entirely political - but I can understand it. The treasury, and Number 10, feared that it may have led to runs on other banks - the media images and psychological impact would have been terrible for the government. I think Guido is overplaying his hand with the socialist nonsense. Everyone knows this is the solution the government least wanted (at least initially). I have just read Guido’s piece.

He talks a lot of sense, but I would take issue when he says “there was no systemic risk to the financial system.”

There absolutely was a short-term risk to the system. If NR would have defaulted on committed transfers, the knock-on effect would have caused serious problems across the UK system, and would have rippled into other markets. Last year a German bank ran out of cash and it caused major problems.

From an ideological POV, I would have preferred to see the bank collapse. I don’t see a role for the government in a private industry. The move was entirely political – but I can understand it. The treasury, and Number 10, feared that it may have led to runs on other banks – the media images and psychological impact would have been terrible for the government.

I think Guido is overplaying his hand with the socialist nonsense. Everyone knows this is the solution the government least wanted (at least initially).

]]> By: Aaron Heath http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5356 Aaron Heath Mon, 18 Feb 2008 12:42:45 +0000 http://www.liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5356 Ah, no not particularly that blogger (but you're very warm). Like myself, finance is actually Staines' background (although I haven't read his commentary this morning). Ah, no not particularly that blogger (but you’re very warm). Like myself, finance is actually Staines’ background (although I haven’t read his commentary this morning).

]]> By: Scott http://liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5354 Scott Mon, 18 Feb 2008 12:29:21 +0000 http://www.liberalconspiracy.org/2008/02/18/casting-the-net-between-a-rock-and-the-ad-men/#comment-5354 "Alex Wilcox rips the government to pieces in a lengthy post, and one that conveys much more understanding of the situation than many high-profile bloggers who have exposed themselves terribly this morning. No names. Naturally." It's a brilliant post. And for your final lines - you're not casting any Staines on any particular characters are you? “Alex Wilcox rips the government to pieces in a lengthy post, and one that conveys much more understanding of the situation than many high-profile bloggers who have exposed themselves terribly this morning. No names. Naturally.”

It’s a brilliant post. And for your final lines – you’re not casting any Staines on any particular characters are you?

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