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Condolences For Margaret ...


axulsuv
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Ahh, been moved, I was just typing....

When she was 'King' I was an engineering apprentice in a socialist hot-bed (Walker, Newcastle) and she was demonised by the 'left'. Our shop-stewart (lathe operator) trotted out the mantra 'She's obviously snobbily biased against manual engineering workers...she constantly says'... ''This lady's not for turning'' ?? I had to point out that she didn't mean his machine.

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I seriously wonder if we would be in the mess we are now if it werent for the policies of the government of the 80's.

:huh: Seriously?

Please expand?

Edited by ham2
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Don't be surprised if this topic disappears. Every place I've seen it discussed - news sites, social networking and other forums, it's descended into a pitch battle.

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Outside of Britain she was named "The iron Lady" and you can be sure that even today her name and here politics are still often quoted,

she is still one of the greatest British prime minister in times so far.

So she has achieved her place in history already decades ago - but in the hearts of many people she has not found a place.

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Please expand?

Dabster has a point. She deregulated the banks which is partly responsible for the GFC.

She was as divisive in life as she is in death. What intrigues me is: how many of the folk who are "celebrating" (with some enthusiasm!) her passing were alive at the time and were effected by her governance?

Edited by toofasttim
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Dabster has a point. She deregulated the banks which is partly responsible for the GFC....

What, 25 years down the line? The notion that Missus Tatch bringing the UK banking sector into the 20th century was responsible for the latest Global financial crisis is akin to using the 'butterfly affect' or 'six degrees of separation' to describe/prove the link.

The biggest mistake made in the 80's was to allow the banking industry to consolidate by letting clearing banks consume merchant banks and brokers but that wasn't Thatcher's failing since there was no legislation to prevent such takeovers.

The other mistake was worldwide and that was a failure to regulate the growing derivatives market, they soon became much more complex and and trading between banking institutions started to turn the world market into one giant financial casino/ponzi scheme hybrid. If Michael Foot had been Prime Minister at that time :hyper: we still could not have opted out of that.

Anyhow, she was 'Thatcher the milk-snatcher'...comments please?

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Wayne: the problem manifested itself in 2007 but it took years before it assumed a magnitude where it could sink countries and the very large banks. It wasn't a light switch but rather a gradual decline for which Thatcher was, to a large degree, responsible.

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