The Mudcat Café TM
Thread #115119   Message #2463032
Posted By: Rumncoke
11-Oct-08 - 12:39 PM
Thread Name: Mr. Brown declares war on Iceland
Subject: RE: Mr,Brown declare war on Iceland
I can't see why it matters at all what the title of the act is, just before Lehmans went down they got as much money as they could from their overseas branches and left them high and dry.

When the Icelandic banks were doing the same thing the law was used to stop it.

Councils and charities here are in real trouble, and I am sure that we have not seen the end of the crisis yet - once trust has been broken there is nothing to maintain the global financial system.

What the US started with its subprime mortgages bundled up and sold worldwide is going to change everything, for ever.

Rather than starting to spout rubbish about being labled a terrorist, just because the legislation used in an attempt to protect British interests has anti terrorism in its title, perhaps we could try to commiserate and maybe even find out how the crisis has effected, is effecting and will effect Mudcatters around the world.

My local County Council, Dorset, in the South of England has lost badly - as have numerous other local organisations, charities, businesses, the whole town of Poole is in shock.

One of my neighbours handed back the keys to his house this week, another says she has been told that she will be evicted next Tuesday - many ordinary people are finding themselves in real trouble and it is not the right time to start to wind things up even if the press is doing its best to escallate the problem.

Anne

in Poole, Dorset, England.