> London
> People blaming the recession on bankers > People blaming the financial crisis on bankers
Poor people obviously for choosing to stay on welfare and refusing to get a job.
Who's fault is it then? *lowers lynching rope and pitchfork*
Central Bank caused the recession. The Financial Crisis is a bit different, but I'd put it down to the Basel Accords. It doesn't seem to have been a case of moral hazard where banks acted recklessly knowing they'd be bailed out.
Can you give a summary of the Basel accords? <.<I don't know a whole lot about Economics/Banking and all that.
I don't know a lot myself, but the Basel Accords essentially said that mortgages were a safe kind of debt which caused financial institutions to shift their focus. On top of this, if moral hazard and greed were the problems, we wouldn't have seen financial executives acting the same way with their private investments. However, we did.
Ah so it's that they made a really stupid mistake rather than simply blind greed that led to it <.<
>Boston
In the 5 days I was in London I saw two people get hit by cars (one of which died) and I was almost hit myself about 15 times while walking on a green light crosswalk. The red light is merely a suggestion to those people.
U wot?? It's fine here.
Jesus ._.That seems a bit excessive even by London's standards, were they cyclists? (They aren't really people to drivers you see, just floating 20 point signs)As for the red lights, that's about right. Londonistan is a pretty shitty place outside of the museums. Walking down the pavements you'll see people just smash through each other, the heaviest bugger wins the momentum war ._.
Reasons why the UK sucks
