Corbyns Momentum

You didn’t get the bit about Corbyn responding to them then Primrose or you wouldn’t have written that he ‘started a fight’.

Anyway I’m off to bed. No point in arguing if people don’t read posts correctly. I’m guessing you think The Banks are sacrosanct and had nothing to do with precipitating the financial crisis in 2008.

I totally understand derivatives and how banks package debt in tranches, but thanks for your synopsis anyway.
My point is that a Labour government would need to use their services - MS are gilt-edged market makers, as are most of the other large investment banks. Starting a fight with them is naive and childish. A leader would be looking forward. A protester keeps looking at the past.

He would be a danger to the whole UK actually IMHO.

I would certainly agree with MS about Corbyn."

But perhaps you forgot about that?

Perhaps you missed what preceded this.

This week, Morgan Stanley mounted an attack in Cirbyn claiming that “Corbyn would be more of a danger to markets than hard Brexit”, something which I saw as supremely ironic.

Because the actions of Morgan Stanley, and others like it, laid the foundations for Leave because of their role in the financial crisis: a crisis of capitalism, which ushered in seven years of austerity, falling wages and insecure work. Precisely the conditions that would encourage the majority of British people to vote against the status quo and opt for Leave.

Morgan Stanley’s role in the financial crisis cannot be understated; and, given describing things as a “danger to markets” appears to be in fashion right now, let’s remind ourselves what they got up to just over a decade ago.

Essentially, they packaged up sub-prime mortgages as something called Collateralised Debt Obligations (CDOs), got credit ratings agencies – who were entirely conflicted as their clients were the investment banks – to rate these absolute garbage CDOs triple-A investments. Morgan Stanley then misled investors who bought them.

Absolutely you do, although, as you say, what’s the point in berating a US investment bank with that comment about British workers?

Anniebach

lemongrove

Well he's hitting the press today - top article on the FT website is JC having a pop at Morgan Stanley.

"The Labour leader singled out the US investment bank Morgan Stanley for particular criticism, arguing that chief executive James Gorman was paying himself a salary of millions of pounds even as ordinary British workers are “finding it harder to get by”

Not too sure what the salary of an American citizen has to do with ordinary British workers. UBS seems to be wading into the brawl too.

I don't know why he wants to alienate the investment banks. Who does he think will sell all the sovereign debt that John McDonnell wants to use to finance the manifesto? Sometimes you have to deal with people you may disapprove of in order to get the job done and the outcome you want.

Well, Sean Connery makes a change from Tom Courtney and that revaluation cap ?

Oh how funny! LOL ?

Just realised , he is doing a 007 pose , thinks he is Sean Connery bless him

That's it , gosh I used it once and was made to wash my face ?, not orange but very early instant tanning

Panstick!

Lemon, that will be on some bedroom walls , what was that stick make up called, wearers could look as if they had been tango'd?

Blimey! They did do a good job on him Annie that pic of Corbyn is nearly film star looks, haha! Could we all have our
Photo done in the same way, tanned, wrinkles banished and then airbrushed.

Really Anniebach as a retired professional I’d say it is entirely possible to judge a person’s ability in any job within a two year time frame. Our new (Labour) MP may not be on that list but he’s certainly made an impressive start.

Nooooo, more more red carpet

www.gq-magazine.co.uk/article/jeremy-corbyn-gq-interview

Is he wearing his Lenin hat?

Good grief, Comrade Corbyn is on front cover of January's G.Q magaine, the airbrushing is sooooo funny , a very masterful pose

Cooper and Benn where elected as chair by a cross party vote, no Corbyn-Momentum influence there, they are needed on the front bench though , being centre left they are very non u .

If, as May keeps saying, we have to leave and we all ought to get behind her in her attempts to sort the problem out, why doesn't she use some of that expertise, and have crossparty groups to bargain on Brexit?

We seem to have a lot of good people on the labour team these days. Thornberry, Starmer, Benn, Williamson, etc.

That's my feeling too Jen. Add to the front bench that the LP is building a group of those who talk well on subjects they are particularly interested in. Yvette Cooper comes to mind; she has spoken well on occasion and Hilary Benn is doing a good job as Chair of the Exiting the European Union Select Committee.

I think it's working well.

Agreed, Friday, and I said the Labour team, not the front bench, as Corbyn is inclusive.

Thought Sarah Champion had been sacked and at least nine in the list only came to Westminster in 2015 , far too soon to say they are impressive MP's