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Another ?200 BILLION Bank Bail Out !!??


Dizzy
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Seems the banks are set to get yet another bail out from the Brownies Government to the tune of around an additional ?200 BILLION. :shock:

 

Reason...... The Government

"want to see businesses get the money that they need to be able to create jobs and secure investment for the future and want to see is people who are mortgage holders having access to mortgages at prices they can afford "

 

Isn't that what the first huge bank bail out was supposed to achieve and yet has failed to provide? :evil:

 

Even Brownies government themselves were shocked and somewhat annoyed by the reluctance of the bailed out banks to pass the first lot of money on first time round so WHY GIVE THEM MORE :shock:

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You are so right, Observer. We keep hearing people talking as if only the banks are to blame for our economic plight. But the fact is that you can't lend irresponsibly unless there are people around prepared to borrow irresponsibly.

The lesson to be learned from all this is that we have to move away from a society which depends on credit towards one which depends on saving. In other words - don't buy something until you can afford it. I believe this applies to nations as well as individuals and companies.

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Had to laugh at a News Reporter, who was talking as if the Banks exist "to lend", such is the mind set of today's generation. :roll: They exist to provide a safe haven for "savers", where astute investments based on collateral and ability to pay back, provide the profit to provide the interest to the saver - that was the traditional methodology of capitalism anyway. :roll::wink:

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Seems as though the Daily Mail reads my posts, this their article posted at 6:18 about an hour after mine :wink: :

 

"Five years ago he was awarded a knighthood for his services to banking.

But tonight Sir Fred Goodwin is facing calls to be stripped of this honour and held accountable for presiding over a culture of reckless spending that has left one of the biggest names in banking in shreds.

It's a dramatic come down for Sir Fred - who once revelled in the nickname Fred the Shred, earned for cutting costs and jobs."

 

Seems WWW Forum posters set the pace. :wink::D

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Gordon has missed out on the way to finance his speech money

 

nationalise the stock exchange and tax all transactions over 10000 shares at 25% of value with financial shares charged at 50%

this should kill off the speculators and other robbers who have stolen lots of peoples savings

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What's noticeable since this meltdown started is the lying low of the Masters of The Universe who caused the financial meltdown in the first place...On TV / radio news you see economists, politicians and other sundry commentators being interviewd but what's missing are the bankers(is that rhyming slang?) I suspect they're holed up in their 50 million dollar mansions in Long Island, Connecticut and here in leafy Berkshire just waiting for the cash to start flowing again and they'll get their ugly snouts back in the trough. It's the rich wot gets the pleasure and the poor wot gets the blame.

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