observer Posted September 30, 2015 Report Share Posted September 30, 2015 Seems an ex-City Trader (maybe with an axe to grind), has said that traders in Canary Wharf haven't modified their behaviour, and that risk taking is wilder than ever. So can we expect another financial crash? Quote Link to comment Share on other sites More sharing options...
P J Posted September 30, 2015 Report Share Posted September 30, 2015 what have they to lose, they make money when markets rise and they make money when markets fall. If they are allowed to feel too big or important to be allowed to crash and that they will constantly be bailed out by punishing the worst off in society they will never give a toss. Quote Link to comment Share on other sites More sharing options...
observer Posted September 30, 2015 Author Report Share Posted September 30, 2015 Er-hum; don't think many, if any of these "traders" even went to prison for the last debacle. It fell on the tax-payer to bail out the banks and for the poorest to pay the price of an austerity programme. Now there may be firewalls between High Street Banks and Investment Banks; but any financial crash affects the global economy, which ultimately affects us all. Quote Link to comment Share on other sites More sharing options...
P J Posted October 1, 2015 Report Share Posted October 1, 2015 Sort of what I said then? Quote Link to comment Share on other sites More sharing options...
observer Posted October 1, 2015 Author Report Share Posted October 1, 2015 If you say so; but the question was about whether we will suffer another financial crash or not, due to the continued antics of market traders.? Quote Link to comment Share on other sites More sharing options...
P J Posted October 1, 2015 Report Share Posted October 1, 2015 If they do the same thing over again then obviously yes, nobody is powerful enough to stop them though. Quote Link to comment Share on other sites More sharing options...
observer Posted October 1, 2015 Author Report Share Posted October 1, 2015 You mean the ravages of unfettered capitalism are incurable? ! Quote Link to comment Share on other sites More sharing options...
P J Posted October 1, 2015 Report Share Posted October 1, 2015 I mean that the people at the top of the financial dungheap buy and sell countries and Governments. They are untouchable and decide all our fates, we just work to provide for them. Quote Link to comment Share on other sites More sharing options...
observer Posted October 1, 2015 Author Report Share Posted October 1, 2015 So no socialist Utopia on the horizon then ? ! Quote Link to comment Share on other sites More sharing options...
P J Posted October 1, 2015 Report Share Posted October 1, 2015 So no socialist Utopia on the horizon then ? ! not without a fight, probably why they hate Corbyn so much, he doesn't conform to the norm Quote Link to comment Share on other sites More sharing options...
asperity Posted October 1, 2015 Report Share Posted October 1, 2015 Everyone loves Jeremy. Even Dianne Abbot! Quote Link to comment Share on other sites More sharing options...
observer Posted October 1, 2015 Author Report Share Posted October 1, 2015 Especially Diane !!! Quote Link to comment Share on other sites More sharing options...
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