Well how utterly non-shocking. While the ever popular George Osborne, the UK’s Chancellor of the Exchequer, was cutting government expenses on the poor and middle class — and cutting domestic spending so drastically as to turn recession into depression — some people were not suffering. Of course, they are the usual people. Bankers’ bonuses soared [...]
|By: Attaturk Wednesday March 13, 2013 1:30 am|
Well this has been predicted for some time — and it has now come true.
Behold A-U-S-T-E-R-I-T-Y works its magic!
|By: DSWright Monday February 4, 2013 7:38 am|
After a global financial crisis, an epic price fixing scandal, and embarrassing criminal conduct British regulators are considering ending Too Big To Fail Banking. British Finance Minister George Osborne has proposed legislation that if banks do not shield their riskier investment activities from day to day banking they will face restructuring.
|By: Attaturk Tuesday January 8, 2013 1:30 am|
It can only be solved by calling for more austerity.
|By: David Dayen Wednesday December 5, 2012 12:35 pm|
While debating how much austerity outside of the magic no-budgetary-impact spending on the Pentagonto enact, the United States could take a lesson from, well, from the rest of the developed world. The relative lack of austerity in the US compared to Britain and the rest of Europe led to better economic performance (and it’s important to say “relative,” because US fiscal policy turned negative for growth at the federal level in 2010, and at the state and local level it’s been full-speed ahead for austerity since 2008).
|By: Attaturk Monday October 22, 2012 1:30 am|
George Osborne, the Chancellor under the Cameron Government in the UK has been a lightning rod ever since he helped usher in austerity measures in the UK — which has undeniably caused a double-dip recession.
One might think that would be the thing that would have cost him his job months ago.
|By: David Dayen Friday August 24, 2012 6:49 am|
The Royal Bank of Scotland is not having a good week. Earlier in the week they became the latest to be subject to investigation on the grounds of money laundering. Now they are embroiled in the Libor scandal, with one trader claiming that anyone at RBS had the opportunity to rig the benchmark interest rate.
|By: Attaturk Thursday July 26, 2012 1:30 am|
In what is probably the least aptly named “charm offensive” since Donald Trump looked in a mirror, Mitt Romney is due to lock his Asimo-like right-appendage with the hands of various British government officials in a
“Mitt and Grit”meet and greet.