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Helen Trope
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Comments by "Helen Trope" (@heliotropezzz333) on "Former Prime Minister Gordon Brown speaks to Nick Ferrari | LBC" video.
He's been 'talking to the manufacturers'. He's been doing some homework. He's been consulting experts. He's been discussing a plan. He's been doing something useful. What a load of lazy useless politicians we have in government now, in comparison.
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@georgewright9914 Brown actually saved the world capitalist finance systems from collapse and along with them, whole countries' economies.
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@georgewright9914 One definition of politics is that it's about 'who gets what' so it's naturally linked with finance. Labour had to bail out the banks in 2008 as there was a world financial crisis caused by too light regulation of the banking sector, which allowed them to get embroiled in the sub prime mortgage investment bubble to the extent that people's savings would have been lost if the banks had collapsed, and a collapse of confidence in the world's finance systems would have caused whole economies to fail. Brown spent time persuading the EU and US to similarly support the banking sector, and saved the world capitalist system. How's that for a socialist?
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When they bothered to understand the details because they cared, were interested and not lazy.
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@georgewright9914 You left yours at home.
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@georgewright9914 No it's not a lie. I agree with your first sentence. I just didn't go into the history in my comment but I have elsewhere on this page. I didn't want to repeat myself. Yes Brown allowed regulation that was too light but the opposition Tory Party at the time wanted even lighter regulation so there was no significant opposition calling for tougher regulation in the UK before the crash. After the crash Brown decided that the banks in the UK needed to be supported to maintain people's savings and also to prevent a complete collapse of confidence in the capitalist financial systems, that would otherwise have caused the collapse of countries economies. Realising that it was not just a UK issue and the solution could not just be a UK solution he travelled to the EU and the USA to persuade them of the need for them also to prop up their banks.
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