tag:blogger.com,1999:blog-2948538160252327076.post7747353514176419636..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: Some belated honestyAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2948538160252327076.post-24725201381905741512009-07-02T23:36:39.507+01:002009-07-02T23:36:39.507+01:00what a good quote - reminds me of "extraordi...what a good quote - reminds me of "extraordinary popular delusions and the madness of crowds". <br /><br />It's a great read. Anyone who hasn't read it should do.Micknoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-9962014942338885512009-07-02T21:14:53.345+01:002009-07-02T21:14:53.345+01:00They didn't discover Basel 2, they pressed and...They didn't discover Basel 2, they pressed and campaigned for it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-6681790103671164782009-07-02T14:12:10.712+01:002009-07-02T14:12:10.712+01:00> Banks appeared to have discovered a money mac...> Banks appeared to have discovered a money machine<br /><br />It was called Basel2.AntiCitizenOnehttps://www.blogger.com/profile/00017073518049848696noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-49370325095345522702009-07-02T12:54:08.394+01:002009-07-02T12:54:08.394+01:00Even without understanding the finer details, ther...Even without understanding the finer details, there weren't any Golden Eggs. <br /><br />All that tax they were paying* was merely a function of all the extra interest that UK households were paying on all that extra debt taken out to finance ridiculously over-priced housing.<br /><br />* It wasn't that much actually, sure it was a quarter of corporation tax receipts, but absolutely no VAT at all.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.com