republicans.org.uk

Measures to deal with the financial crisis in Britain and USA may not be quite the same, but the way the constitutions responded to them are a world apart.

Unelected Mandelson parachuted into key position.

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Issue No 5 Friday 3 October 2008

Financial Meltdown May Produce Moral Meltdown As Well

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Issue No 4 Friday 26 September 2008

The Prohibition On Recreational Drugs Debate

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Issue No 3 Friday 19th September 2008

Why An Elected Lords Is Not Good Civic Republicanism

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Issue No 2 Friday 12 September 2008

Brown and Darling pull a shabby trick on first time buyers

Why Britain's banks are on borrowed time....

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Issue No 1 Friday 5 September 2008

Coming Break Up Of Belgium Could Have Great Ramifications

Our personal finances are the worst they’ve ever been

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* The power of the PM is stated clearly, if softly, on the 10 Downing website. "The Prime Minister is the head of the UK Government and is ultimately responsible for the policy and decisions of Government. As head of the UK Government the Prime Minister also oversees the operation of the civil service and Government agencies, appoints members of the cabinet, and is the principal Government figure in the House of Commons policy". If you read that statement quite literally, as you no doubt should, it is clear that the PM covers all Executive and Legislative decisions. The terms "policy and decisions of Government" and "government agencies" are all inclusive.

*By Lord Hailsham

* The Republic of Britain 1760 to 2000 by Frank Prochaska (2000) p.xvi

* The Republic of Britain 1760 to 2000 by Frank Prochaska (2000) p.xvii

*It is not that Republics can’t change should the long term will of the people desire it, but that on fundamental constitutional issues such as this they only change gradually. Republicans are conservatives (with a small “c”).

*This practice has lead over the last few years to an intense crisis for the bank buying the "security" often did not know how well the loan was secured. In a huge number of cases this has been not very well and so the banks who bought the "securities" were taken for billions, such is the level of their incompetence and greed.

*See P25 The Grip Of Death by Michael Rowbotham published 1997.And up to date figures for April 2008 show HBoS holds just 6% capital against debt "assets". The figure for Barclays is a measly 5.1%. (Moneyweek 2 May 2008. p.4). Exactly how much of this "capital" represents solid "non-toxic" capital assets is a question many would want to ask. The banks themselves are unlikely to know.