Brilliant banking speech by Miliband

[claig]

Miliband wants a British Investment Bank and tighter regulation of banking and separation of high street and investment banking. He is addressing the elephant in the room, the real scandal that the public wants addressed. He has real integrity and wants the banks to have integrity again.

Miliband is an excellent Labour leader. I think he will win the next election if he carries on like this. Love the new logo too - a British flag with "realchange" as the logo - no Tory party green tree image, no polar bears, no global warming, no more "building a progressive future", no more spin - just simple, true, "real change". Brilliant

'i find it worrying that people believe banks are 'unduly' risk-averse in lending to business, and believe that if the government filled that gap it wouldn't be setting itself up for massive losses.'

Investing in small businesses is nowhere nearly as risky as blowing billions in the derivatives markets, but it is also less profitable and earns a smaller bonus, which is why many of them prefer what Vince Cable calls "casino capitalism".

claig. I've not been around for a while because I did a baby.

I come back, and I find you've switched sides.

I'm worried about you, poppet.

Oh and we have a shortage of reservoirs in some areas because they made money by selling the land off.

Hi tethersend, good to see you. I am slowly moving, just like the public is too. That's how it always goes. Once I was for Thatcher, then I got sick of Tory sleaze and voted for Blair. Then I got fed up with Blair and voted Tory. If they keep getting things wrong and Miliband starts getting things right, then I, along with teh public, will probably switch to Miliband. It's early days yet, but the Tories are messing a lot of things up needlessly.

Claig, all you do is post about how great Labour are. It doesn't mean anything because that's all you post about.

Don't get me wrong, it's a lovely surprise!

Hope you're well... And hope you're right

I'm fine. How is the baby? Is it a girl or a boy?

Baby is fine, thank you- a baby girl. Pic on profile. But TBH, she looks pretty much like every other baby ever

'Claig, all you do is post about how great Labour are. It doesn't mean anything because that's all you post about.'

Did you miss the bit where I mentioned that the Deputy Governor of the Bank of England said something like can't be confident about anything after learning about this cesspit, and that the Daily Mail, the best Conservative paper out there, backs Miliband for his brave and courageous stance in calling for a judicial inquiry?

She looks fantatsic . We'll have to wait for her to grow up and sort this whole mess out for us. She looks like she could do it in her sleep.

Good plan. You bloody socialist

Claigy? A socialist??

[sock]

oh lordy that was meant to be not [sock]

or was it?.....

Not fully yet. But I am beginning to agree with more and more socialist policies. I am getting tired of hearing about pensioners' benefit cuts and benefit cuts for everybody while banks are not lending and have been fixing LIBOR and mis-selling products and wrecked the economy. It is atarting to look like the biggest ripoff in history.

those privatised utilities make money and pay tax rather than costing money to run.

How many billions do we pay in subsidies to the rail companies?

Claig has been kidnapped and been replaced with a human being with a real soul. That's the only explanation.

'Claig has been kidnapped and been replaced with a human being with a real soul.'

No, I'm just the same ole, full of soul, average Daily Mail reader, now that's rock'n'roll. LOL.

You only have to listen to Niall Ferguson's Reith Lectures 2012 to realise that the Conservative rule is going to be very short-lived. So much bullshit by Ferguson, so much unclear and wrong-headed thinking. He says the problem is we don't have enough private schools, he says not enough of us are volunteering. He champions Big Society and Civil Society and says we are not doing enough and preaches big bullshit.

It's the type of message that says everything about the state is bad and everything private is good. Ths State isn't bad. The problem is there is a difference between a bad State and a good State. The problem is to make sure we have a good State that is on the side of the people and that regulates the rogues, lobbyists and bankers.

The State can take us into space, the State can clear up our shores, the State can educate all our people, the State can pay for medical care that private insurance will never cover.

The State can do good and Niall Ferguson's ideas don't rate.

He mentions Beveridge and says what would Beveridge think of the sink estates in our cities, and implies that it is the fault of left-wing thinking and state and welfare dependency. It has got nothing to do with left-wing thinking and everything to do with globalisation and the removal of jobs from communities and the opening of factories in cheaper locations abroad. It has everything to do with short-term financial markets and banks who won't invest in small businesses locally but prefer to spend our money on market speculation in derivative instruments in order to earn stratospheric bonuses.

Beveridge didn't know that all of this would happen. Niall Ferguson looks back in time and is trapped in old ways of thinking. The world has moved on and the sovereign state has lost its control to the spivs and market stall traders who gamble with the nation's savings and demand to be bailed out because they are too big to fail.

Ferguson tells us that we aren't doing enough, but he says little about what the spivs are doing.

In fact Niall Ferguson is a historian. He looks back to the past, he is trapped in the past. He is learned and has studied de Tocqueville, he is full of opinions about the past, but he fails to see what is happening now in the present right before our eyes.

He needs to put his books down, put his finger on today's pulse and pick up the paper of the people - the Daily Mail.

Ferguson brings up the example of a voluntary organisation clearing up the beach near where he lives. They all got together and cleared up the plastic bottles. Those are the sort of Big Society plastic policies that he preaches. He thinks that is what is wrong with the world, that we aren't doing our bit. He hasn't got a clue.

While people are clearing up the beaches, crooks are clearing out our cupboards, robbing our retirement funds and pilfering our pension funds. We can volunteer until the cows come home, but that won't fix the fixers. That can only be done by our State, and Miliband is right to call for it before it is too late.

Yes, yes, we get the idea. You love Red Ed and his Cracking Inventions to deal with the bankers.