Current Affairs Liz Truss

[Goat]

Pete has some personal stuff to worry about. Not my place to say what, but I'm not sure he'll be on here as much unfortunately. I miss his attempts to defend this lot though, always good fun!

 

[coollino]

She's doing local radio rounds in the morning apparently, hopefully these stations have presenters with functioning brains that will give her the verbal kicking she deserves

Local radio, what do you think. It'll be all be scripted to a tee

 

[Martin Alvito]

OK, Magnus.

 

[mightymoyes]

Local radio, what do you think. It'll be all be scripted to a tee

Normally I'd agree but I'm sure their presenters have mortgages and energy bills etc, hopefully at least 1 goes rogue

 

[Goat]

OK, Magnus.

Thats mad all that chess stuff.

 

[Daveysgingerlovechild]

She's doing local radio rounds in the morning apparently, hopefully these stations have presenters with functioning brains that will give her the verbal kicking she deserves

She'll talk over them. She was doing that with Nick Robinson on R4 during the leadership campaign. Doing her Maggie tribute act.

 

[LinekersLegs]

 

[Goat]

 

[LinekersLegs]

 

[Martin Alvito]

So it  was a legit liquidity crisis that had the banks pulling loans! I'll be.

Didn't think about the margin calls - I'll bet there will be some ugly P&Ls this quarter...

 

[LinekersLegs]

So it  was a legit liquidity crisis that had the banks pulling loans! I'll be.

Didn't think about the margin calls - I'll bet there will be some ugly P&Ls this quarter...

Think it was primarily the pension funds that got caught with the margin calls but memories of 2008 are still fresh enough in financiers minds to know that one sector caving has knock-on effects so everyone pulled back.

 

[Martin Alvito]

Think it was primarily the pension funds that got caught with the margin calls but memories of 2008 are still fresh enough in financiers minds to know that one sector caving has knock-on effects so everyone pulled back.

The trading arms probably got caught to a greater or lesser degree, depending on how hard they were chasing profits and how sensible they were in getting out of the way of the bus in advance. There was a fairly wide distribution there last time, so no reason to expect that things changed.

I think the general point is that fourteen years later, we have eroded the balance sheet protections to the point where the more marginal operators could get caught, so banks (intelligently) prepped for the possibility of things going sideways if that happened, so that they wouldn't get sucked down into the morass if there were a seize-up.

 

[Lapeno77]

She's doing local radio rounds in the morning apparently, hopefully these stations have presenters with functioning brains that will give her the verbal kicking she deserves

5 mins per interview, 8 in total apparently. She'll be able to fill that with one of her trademark stunned silences

 

[LinekersLegs]

Just peachy

 

[Martin Alvito]

Just peachy

Do they somehow not grasp that this exchange:

Driver: *drives toward brick wall*
Passenger: You're driving towards a brick wall.
Driver: So?

is followed by:
Passenger: *grabs wheel*