asperity Posted March 8, 2013 Report Share Posted March 8, 2013 Asp, money doesn't require a passport! HMRC HAS located funds in Swiss Banks and off shore accounts, and has got some tax dues back - alas not enough imo. If there is money in these accounts that require tax paying to HMRC so what? I'm not talking about your tiny world view, I'm talking about the whole world. There is a lot of money in the world looking for a bargain and a cut price British bank would find buyers at the right price. It might not be pretty but it would have been better than the eternal debt we have been landed with. Quote Link to comment Share on other sites More sharing options...
asperity Posted March 8, 2013 Report Share Posted March 8, 2013 Well, if we don't sell it or sell it as a whole lot, with maximum interest - we should be OK then?! If we don't sell what? What are you talking about now? Quote Link to comment Share on other sites More sharing options...
asperity Posted March 8, 2013 Report Share Posted March 8, 2013 Who then Asp? Inform us The highest bidder would be best. Selling it to ourselves isn't working is it? Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 9, 2013 Report Share Posted March 9, 2013 And where would the highest bidder have borrowed the money, and why would he have wanted to buy poisoned dept? Quote Link to comment Share on other sites More sharing options...
Bazj Posted March 9, 2013 Report Share Posted March 9, 2013 Kije.... if you buy a company that has gone bust, you don't buy their debt too..... anyone buying a failed bank would just be buying assets like any other Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 9, 2013 Report Share Posted March 9, 2013 And who owned the assets they would not have been paid for, answer other banks Baz And that would have taken them down Quote Link to comment Share on other sites More sharing options...
observer Posted March 9, 2013 Author Report Share Posted March 9, 2013 "selling it to ourselves isn't working" ? Can't say I've noticed much difference with my Bank, other than it now being broken up into smaller units, so that in future, they will be "allowed to fail". Quote Link to comment Share on other sites More sharing options...
asperity Posted March 9, 2013 Report Share Posted March 9, 2013 It isn't working because the banks are hanging on to the money and not lending it. 1 Quote Link to comment Share on other sites More sharing options...
observer Posted March 9, 2013 Author Report Share Posted March 9, 2013 Cos "the owners" - the Gov on behalf of the tax-payer - ain't taking control of them. Quote Link to comment Share on other sites More sharing options...
asperity Posted March 9, 2013 Report Share Posted March 9, 2013 Ah! At last you agree that it was the wrong thing to do. Didn't take you too many years to work it out. Quote Link to comment Share on other sites More sharing options...
observer Posted March 9, 2013 Author Report Share Posted March 9, 2013 Errm nope. I'm saying that the Government ain't taking control of something they own. Quote Link to comment Share on other sites More sharing options...
asperity Posted March 9, 2013 Report Share Posted March 9, 2013 You really don't understand what has happened do you Obs? The people with most of the money in this country are the same people who control the government and the banks, and the same people who arranged for the government to use our money to save the banks and therefore their wealth, pensions, property etc at our expense. And YOU are making excuses for them. How stupid is that? Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 10, 2013 Report Share Posted March 10, 2013 Asp, stop reading those conspiracy theories, they are starting to have an effect Quote Link to comment Share on other sites More sharing options...
asperity Posted March 10, 2013 Report Share Posted March 10, 2013 Oh so it isn't true that the wealthy are also the owners of the banks and have had their wealth protected by the government using taxpayers money to bail out the banks? It must be tearing you apart to be defending and decrying the wealthy at the same time Lt Kije. Quote Link to comment Share on other sites More sharing options...
wolfie Posted March 10, 2013 Report Share Posted March 10, 2013 Surely it's the responsibility of governments to oversee banks activities to ensure that the failure of any one bank doesn't cause the whole system to collapse, as when the US government stepped in to bail out AIG which had customers all over the world. Quote Link to comment Share on other sites More sharing options...
peridot1 Posted March 10, 2013 Report Share Posted March 10, 2013 The simple fact is that if the Government of the day had not bailed out the Banks there would have been cases of Banks going into liquidation followed by a loss of confidence from overseas in the UK Economy and a devaluation of the Pound resulting in an even bigger mess than we are in today. It would be like the US allowing Fort Knox to become empty of it's gold reserves with consequent loss of confidence - you can't let it happen... Not to mention the loss of individual saver's money which should be paramount... Peridot Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 10, 2013 Report Share Posted March 10, 2013 I had already tried the common sense approach, perhaps he might listen when it comes from someone else, but I have my doubts. Quote Link to comment Share on other sites More sharing options...
asperity Posted March 10, 2013 Report Share Posted March 10, 2013 This is from someone who knows what he is talking about. It's from 2009 but still relevant: http://www.cps.org.uk/files/reports/original/111027112605-20090313EconomyWhatKilledCapitalism.pdf Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 10, 2013 Report Share Posted March 10, 2013 Asp, As you are so fond of saying its an opinion!!! And one that runs contrary to most of the rest of the World 1 Quote Link to comment Share on other sites More sharing options...
asperity Posted March 10, 2013 Report Share Posted March 10, 2013 And I suppose you read the whole thing in 20 minutes? Don't make me laugh. It is an analysis of what went wrong and why the cure is worse than the disease. It explains exactly why the whole system wouldn't have come crashing down if the banks hadn't been bailed out by government. Anyway you will just have to keep your heads buried in the sand and continue paying your hard earned wages to the wealthiest people in the land and watching your savings depreciate. When you look for who believes what you find that opinion is very much divided on what should have been done, but the reason why governments decided to use taxpayers money to bail out the banks was because it was in THEIR interests not the taxpayers. Quote Link to comment Share on other sites More sharing options...
wolfie Posted March 10, 2013 Report Share Posted March 10, 2013 Strange how the person who agrees with asp's point of view knows what he's talking about, but those that don't haven't a clue. Quote Link to comment Share on other sites More sharing options...
asperity Posted March 10, 2013 Report Share Posted March 10, 2013 As I said, opinion is very much divided, it's Lt Kije who says that the rest of the world holds an opposite opinion to me. However if you are content to have your money transferred to the wealthy in this way that is your right Wolfie. :roll: Quote Link to comment Share on other sites More sharing options...
wolfie Posted March 10, 2013 Report Share Posted March 10, 2013 You probably know my view re bankers asp, and being no expert I too am undecided as to whether bailing out the banks is a good or bad thing, but I find it difficult to accept that the link you chose to support your point, is by someone who knows what he is talking about as opposed to those with a different view who obviously do not know what they are talking about. Quote Link to comment Share on other sites More sharing options...
asperity Posted March 10, 2013 Report Share Posted March 10, 2013 I didn't say that those of an opposing viewpoint "don't know what they're talking about", however the views expressed in the link I gave make perfect sense to me, and the government bailouts do nothing but reward those responsible for the banking problems and ensure that the wealthy are in no way inconvenienced. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted March 10, 2013 Report Share Posted March 10, 2013 Thats the capitalist system Asp, EXPLOITATION!!!!!!!! Its where the few leach of the many. Quote Link to comment Share on other sites More sharing options...
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