This is the problem with having all these young folks in government. Reeves was probably only in primary school when the 2008 crisis hit, she will know nothing about it.
And half the staff at the Treasury probably weren't even born in 2008, so no-one there can tell her about it.
Just you wait - some financial wunderkind who really *was* in primary school in '08 will come up with next gen CDOs next week. Then Southern Water can lump all those shares Moody's junk-rated yesterday into one Big Bag O' Crap and we'll be off and running.
Sadly, I'm not going to bet against you on that one
(BTW, just looked up what Reeves was doing in 2008. Turns out she wasn't in primary school. She was a fully qualified economist working for a fucking bank)
It's been in the post since the US repealed (or let run out, I can't remember) Dodd Frank. Some of the stuff in the article regarding regulation sounds very much like a UK version of that - definite echoes of neocon economists passim. Yeah, she's a thoroughbred City wankstain alright.
Whooppeee! More ‘too big to fail’ More financial institutions being bailed out by the taxpayers. More politicians and knighthoods [Fred the Shred?] on the line? Why is Reeves being THIS stupid? 🤬
"After leaving university, Reeves worked as an analyst and economist at the Bank of England from 2000 until 2006. She left the central bank to join HBOS on the retail mortgages team until late-2009, shortly before she was elected to parliament in the constituency of Leeds West.
HBOS collapsed in October 2008 and was subject to a government-backed takeover by Lloyds TSB. It was second only to RBS as the worst bank failure in British history."
What are you worried about? The cost of living crisis is over now the economy's grown a whopping 0.1% this quarter and interest rates isn't in double figures. Can't expect those bankers to lose out on their bonuses much longer. Lego Thatcher strikes again 🙄
Maj1 🌶️🐿️ •
MiniMia 🏴 🇵🇸 •
Maj1 🌶️🐿️ •
MiniMia 🏴 🇵🇸 •
Hope you're good at building fires 😂
Maj1 🌶️🐿️ •
Fellow of the Brutish Academy •
MiniMia 🏴 🇵🇸 •
Adam Jacobs 🇺🇦 •
And half the staff at the Treasury probably weren't even born in 2008, so no-one there can tell her about it.
Wait, how long ago was 2008 again?
MiniMia 🏴 🇵🇸 •
Then Southern Water can lump all those shares Moody's junk-rated yesterday into one Big Bag O' Crap and we'll be off and running.
Adam Jacobs 🇺🇦 •
(BTW, just looked up what Reeves was doing in 2008. Turns out she wasn't in primary school. She was a fully qualified economist working for a fucking bank)
MiniMia 🏴 🇵🇸 •
Yeah, she's a thoroughbred City wankstain alright.
HarriettMB •
MiniMia 🏴 🇵🇸 •
Estarriol The Old •
MiniMia 🏴 🇵🇸 •
Estarriol The Old •
Jayne :wales_flag:🇪🇺🏳️🌈 •
When will we ever learn 🤷
And in Scotland...
https://www.thenational.scot/news/24726010.us-navy-base-spy-aircraft-scotland-first-time-since-cold-war/
US Navy to base spy aircraft in Scotland for first time since Cold War
James Walker (The National)MiniMia 🏴 🇵🇸 •
Tom Pearce •
"After leaving university, Reeves worked as an analyst and economist at the Bank of England from 2000 until 2006. She left the central bank to join HBOS on the retail mortgages team until late-2009, shortly before she was elected to parliament in the constituency of Leeds West.
HBOS collapsed in October 2008 and was subject to a government-backed takeover by Lloyds TSB. It was second only to RBS as the worst bank failure in British history."
MiniMia 🏴 🇵🇸 •
Hannu Ikonen •
MiniMia 🏴 🇵🇸 •
Lego Thatcher strikes again 🙄
Hannu Ikonen •
MiniMia 🏴 🇵🇸 •