Skip to content
Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(BBC-US)   Brexit benefits aren't just limited to blue passports and happy British fish; banks are now free to crash the economy again   (bbc.com) divider line
    More: Asinine, Investment, Financial services, Bank, global financial crisis, Economics, Hedge fund, insurance companies, Insurance  
•       •       •

1507 clicks; posted to Business » and Politics » on 09 Dec 2022 at 9:20 AM (7 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



53 Comments     (+0 »)
View Voting Results: Smartest and Funniest


Oldest | « | 1 | 2 | » | Newest | Show all

 
2022-12-09 8:10:58 AM  
God damn it, you twats.
 
2022-12-09 8:25:45 AM  
Same as American banks.

"We're making a few changes.  We'll get filthy rich and you'll starve in the cold."
 
2022-12-09 8:47:00 AM  
Hedge funds are looting the treasury with both hands while counterfeiting massive quantities of stock via permanent fails to deliver.  The party has to end some time soonish, and London wants in on the action.
 
2022-12-09 8:48:20 AM  
"Rules that forced banks to legally separate retail banking from riskier investment operations will be reviewed."

What could possibly go wrong.
 
2022-12-09 8:58:15 AM  
It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth".

This is what they did at the Office of Thrift Supervision that caused the housing crisis which led to the greatest financial collapse since the Great Depression.

Good luck with all that.

Fark user imageView Full Size
 
2022-12-09 9:22:00 AM  
They voted for Tories, let them crash
 
2022-12-09 9:22:42 AM  

Gubbo: "Rules that forced banks to legally separate retail banking from riskier investment operations will be reviewed."

What could possibly go wrong.


Probably the same thing that went wrong that led to the rules being created in the first place.
 
2022-12-09 9:25:05 AM  

claytonemery: Same as American banks.

"We're making a few changes.  We'll get filthy rich and you'll starve in the cold."


Banksters know that if they fuk up they will be bailed out by the friendly taxpayers
 
2022-12-09 9:26:07 AM  

Marcus Aurelius: Hedge funds are looting the treasury with both hands while counterfeiting massive quantities of stock via permanent fails to deliver.  The party has to end some time soonish, and London wants in on the action.


Im just thankful that doesnt happen in the states..

Giggle
 
2022-12-09 9:27:48 AM  
car crash gif thread.

media.tenor.comView Full Size
 
2022-12-09 9:30:56 AM  
"Rules that forced banks to legally separate retail banking from riskier investment operations will be reviewed.
Those were introduced after the 2008 financial crisis when some banks faced collapse.
"

Everyone remain calm, all will be good. You see nobody that is making these decisions will be personally affected, they will get a bailout. It is you poors that will foot the bill, and it is your fault for being poor so therefore this is like justice or something.

Plus it is like not a single one of you can point to any actual example of something bad happening with a retail bank makes risky investments, something like risky mortgages in an over inflated housing market that is expecting a crash soon.
 
2022-12-09 9:31:28 AM  
It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth".

Turbocharge growth!   If you count growth as gambling on convoluted financial products, which is what "cutting red tape" in banking always leads to.

We had no red tape for the entire 1800s and what we had as Panics and Depressions every 2 years.  It was called the Free Banking Era.  The reason regulation exists is because before regulation, every 2 years half of the country lost their farm.
 
2022-12-09 9:32:45 AM  
Idiot conservatives just can't help themselves.  They've seen the polls and figure that saddling citizens with shiatty banking practices, and the next government with a ticking time bomb, is the way to enrich themselves after they leave government.
 
2022-12-09 9:37:56 AM  
There will also be new rules around bundling investments together into tradeable units - a process called securitisation fark the public up the ass.
 
2022-12-09 9:57:33 AM  
Democracy cannot return until the banks have been thoroughly looted/rogered by the bankers.
 
2022-12-09 9:57:45 AM  

NewportBarGuy: It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth".

This is what they did at the Office of Thrift Supervision that caused the housing crisis which led to the greatest financial collapse since the Great Depression.

Good luck with all that.

[Fark user image 300x190]


That's definitely a call for some popcorn.
And I don't even like popcorn...
 
2022-12-09 10:02:00 AM  
How old are these people? Do they not remember 2008?
 
2022-12-09 10:03:37 AM  

Ragin' Asian: How old are these people? Do they not remember 2008?


Of course they remember it. They think it's a jolly good idea.
 
2022-12-09 10:04:06 AM  
Are they thinking the resulting transnational money laundering will trickle down and correct the increasing poverty in Britain?
 
2022-12-09 10:12:08 AM  
First thought that came to mind was that Instagram influencer who fell off a cliff taking a selfie.
 
2022-12-09 10:17:10 AM  
"Labour, LIBOR!  Let's call the whole thing off!"
 
Xai
2022-12-09 10:17:22 AM  
LMAO changing reforms so that banks can legally use your personal savings to make risky investments that benefit billionaires? Another brexit victory!
 
2022-12-09 10:31:39 AM  
Note to the UK; The UK is not the center if the world in any sense of the word. You need to figure out what you can offer that people actually want. Everyone can see you flailing right now and it isn't a good look.
 
2022-12-09 10:33:28 AM  

Nicki Minaj's Cousin's Friend's Swollen Testicle: Gubbo: "Rules that forced banks to legally separate retail banking from riskier investment operations will be reviewed."

What could possibly go wrong.

Probably the same thing that went wrong that led to the rules being created in the first place.


The government has already announced it will scrap a cap on bankers' bonuses and allow insurance companies to invest in long-term assets such as housing

I think we all know what will go wrong.
 
2022-12-09 10:37:39 AM  

Ragin' Asian: How old are these people? Do they not remember 2008?


Yeah they do and this time the yare going to make sure they make more money and more people lose their homes.
 
2022-12-09 11:00:06 AM  
Millions of people will lose their homes and livelihoods, but if it gets Margot Robbie back into the bathtub again, I'm on board.
 
2022-12-09 11:04:55 AM  

Ubisoft is ISIS: They voted for Tories, let them crash


Yeah, they did this to themselves, but when smart people with honest faces (example below) tell you it's in your interest to vote for Tories/Brexit, it's hard not to believe them.

encrypted-tbn0.gstatic.comView Full Size
 
2022-12-09 11:13:22 AM  

NewportBarGuy: It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth".

This is what they did at the Office of Thrift Supervision that caused the housing crisis which led to the greatest financial collapse since the Great Depression.

Good luck with all that.

[Fark user image 300x190]


This time it's different.
 
2022-12-09 11:16:32 AM  
I love xenophobia, racism and Boomeresque obsession with "tradition."
 
2022-12-09 11:43:55 AM  

Marcus Aurelius: Hedge funds are looting the treasury with both hands while counterfeiting massive quantities of stock via permanent fails to deliver.  The party has to end some time soonish, and London wants in on the action.


I don't doubt you, but I'm going to need a few more details. Who are these hedge funds, and how are they looting the treasury?
 
2022-12-09 11:47:41 AM  
"But at least we can still victimize brown people and give free money to Tories, so we got that going for us..."
 
2022-12-09 11:47:54 AM  
General election, general strike or mass protests.  This is f*cking ridiculous.
 
2022-12-09 11:49:57 AM  

Ragin' Asian: How old are these people? Do they not remember 2008?


A bunch of people that have the same job as them (super big coincidence here) got very wealthy and saw no consequences for their misconduct off the 2008 crash.

I'm sure thats unrelated tho.
 
2022-12-09 11:50:12 AM  

The Envoy: General election, general strike or mass protests.  This is f*cking ridiculous.


Let's get at least some guerilla theater.

Monty Python it up at Westminster.
 
2022-12-09 11:56:05 AM  
Brexit Bob feeling sick today?  I want to read what his ridiculous defense of these idiots was going to be.  Always worth a laugh.
 
2022-12-09 12:07:12 PM  
FTA : "We have learned the lessons of that crash, we put in place some very important guardrails which will remain, "

Truly the only lesson learned is they can make serious bank and fark things up without consequence to themselves.
 
2022-12-09 12:13:02 PM  
*Bad shat happens*
"Hey, let's incorporate some rules and guidelines so that bad shat doesn't happen again!"
"Good idea!" "Bravo!" "Cheerio pip-pip!"

*stability happens*

"Hey! We aren't getting as filthy rich as we used to! What's stopping us from doing that?"
"Well there's a bunch of rules and guidelines someone made up years ago after bad shat happened. They were supposed to prevent it from happening."
"Bad shat happened? That could never happen again. Fark the rules!"

*Bad shat happens. Again.*
 
2022-12-09 12:32:29 PM  

Zafler: Brexit Bob feeling sick today?  I want to read what his ridiculous defense of these idiots was going to be.  Always worth a laugh.


Gish is finally getting some sleep in the stable and you want him riding her until only mucilage and teeth remain? For shame.
 
2022-12-09 12:37:36 PM  
I swear to f*ck, we have the collective memory of a goldfish.

People like that can (and will) crash economies all they want because somehow it still ends up with them becoming insanely wealthy.

I'm just gonna build my own guillotine to help speed things along.
 
2022-12-09 12:41:43 PM  

DecemberNitro: I swear to f*ck, we have the collective memory of a goldfish.

People like that can (and will) crash economies all they want because somehow it still ends up with them becoming insanely wealthy.

I'm just gonna build my own guillotine to help speed things along.


I'm going to start thieving.  Bollocks to honesty, it's got me bankruptcy anyway, so the next company is going to be conniving and shoddy, I'm going to offshore all income for as long as possible then just fold it up when HMRC come calling.  If it's good enough for Michelle Mone, it's good enough for me.
 
2022-12-09 12:42:17 PM  
Fark user imageView Full Size
 
2022-12-09 12:50:54 PM  
This was, of course, largely the point of the campaign in the first place.

The EU literally ran things too fairly, and too many "little people" were benefitting while the high-and-mighty were being asked to actually pay a fair share and accept only stratospheric, rather than astronomical profits.  The horror...
 
2022-12-09 12:52:51 PM  
I like how freeing the entrepreneurial spirit of megafinance is argued as a good thing. I personally feel that a lack of new ideas in the world of accounting is a positive trait. It keeps things... not on fire.
 
2022-12-09 12:56:12 PM  
This is clearly the economic stimulus the person from the front page article who has been drinking vinegar to reduce the size of their stomach needs
 
2022-12-09 1:12:32 PM  
That was a lot of words with very few details on what exactly is changing.
 
2022-12-09 1:13:50 PM  

Feral Cat With Scissors: Are they thinking the resulting transnational money laundering will trickle down and correct the increasing poverty in Britain?


They know it won't, they just don't care. They could care less about suffering countrymen. It's Atlas Shrugged from here on out until climate change extincts us all.
 
2022-12-09 1:21:16 PM  

Ragin' Asian: How old are these people? Do they not remember 2008?


Fondly
 
2022-12-09 1:25:04 PM  

Teddy Brosevelt: Ragin' Asian: How old are these people? Do they not remember 2008?

A bunch of people that have the same job as them (super big coincidence here) got very wealthy and saw no consequences for their misconduct off the 2008 crash.

I'm sure thats unrelated tho.


Well, that one guy did get in trouble.

As long as you aren't the one guy then yeah
 
2022-12-09 1:45:01 PM  
To be fair, the next quarter will look GREAT.

/The quarters after that will be a problem for future you, while the 0.001% is busy sipping mai-tai's on a beach somewhere after cashing out their profits.
 
2022-12-09 1:45:05 PM  
LOL, they are going to do what got the US in so much trouble and have led to our repeated melt-downs. Well done...
 
Displayed 50 of 53 comments


Oldest | « | 1 | 2 | » | Newest | Show all


View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.