Dizzy Posted January 18, 2009 Report Share Posted January 18, 2009 Seems the banks are set to get yet another bail out from the Brownies Government to the tune of around an additional ?200 BILLION. 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? 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 Quote Link to comment Share on other sites More sharing options...
Peter T Posted January 18, 2009 Report Share Posted January 18, 2009 The first time, was a practice run. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted January 18, 2009 Author Report Share Posted January 18, 2009 Third time lucky then Quote Link to comment Share on other sites More sharing options...
observer Posted January 18, 2009 Report Share Posted January 18, 2009 They want us to spend, spend, spend: so the they are feeding the banks tax-payers money to lend to the feckless (who got us into this mess in the first place); so they can go on another spending spree and the whole game will be funded by a huge tax rise at the end of it! Quote Link to comment Share on other sites More sharing options...
Steve the Original Posted January 19, 2009 Report Share Posted January 19, 2009 Wheres all this money coming from?? and how come when the NHS or some other Public Service needs money there isnt but the Banks get this amount!! something is seriously wrong here.. Steve Quote Link to comment Share on other sites More sharing options...
Peter T Posted January 19, 2009 Report Share Posted January 19, 2009 I think they aim is to put the peasants in their place, make them penniless so that they can be "controlled" here on in. The rulers don't like people being independent and able to think. Quote Link to comment Share on other sites More sharing options...
Egbert Posted January 19, 2009 Report Share Posted January 19, 2009 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. Quote Link to comment Share on other sites More sharing options...
Steve the Original Posted January 19, 2009 Report Share Posted January 19, 2009 Just wondering if the pound will become like the Lire was before the euro.. 100,000,000 pounds to 1 euro Steve Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 19, 2009 Report Share Posted January 19, 2009 I understand Mr Darling has moved printing presses into No.11 and he and his team are working overtime. Just wondering if the team from the IMF have booked their tickets to London yet. Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 19, 2009 Report Share Posted January 19, 2009 Just wondering if the pound will become like the Lire was before the euro.. 100,000,000 pounds to 1 euro Steve More like the Zimbabwean Dollar at this rate. Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 19, 2009 Report Share Posted January 19, 2009 On a more serious note, when businesses borrow money from a bank, banks frequently ask the directors to sign over their assets as collateral. Will the directors of banks be asked to do the same, as a matter of principle they should be. Quote Link to comment Share on other sites More sharing options...
observer Posted January 19, 2009 Report Share Posted January 19, 2009 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. 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. Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 19, 2009 Report Share Posted January 19, 2009 Rather like New Labour Observer, the last few years have seen the rise...and demise of New Capitalism. I notice that RBS have written off a ?2.5 billion loan to a Russian oligarch, seems he has a ?41 million home in London and no doubt still living the high life at UK taxpayers' expense. Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 19, 2009 Report Share Posted January 19, 2009 A number of the banking and financial services fraternity have over recent years been given a variety of "honours" for their work in that sector. Since that work has now been seen to be a failure on a spectacular scale, should those honours now be removed by the Queen. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted January 19, 2009 Author Report Share Posted January 19, 2009 I can think of some 'things' that they should have removed instead Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 19, 2009 Report Share Posted January 19, 2009 Seems as though the Daily Mail reads my posts, this their article posted at 6:18 about an hour after mine : "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. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted January 19, 2009 Author Report Share Posted January 19, 2009 At least they had the good sense to change your exact wording Paul so you couldn't do them for copyright Quote Link to comment Share on other sites More sharing options...
Paul Kennedy Posted January 19, 2009 Report Share Posted January 19, 2009 Quote Link to comment Share on other sites More sharing options...
observer Posted January 19, 2009 Report Share Posted January 19, 2009 In some Countries they may have been marched around to the rear of the Bank and shot. Quote Link to comment Share on other sites More sharing options...
wahl Posted January 20, 2009 Report Share Posted January 20, 2009 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 Quote Link to comment Share on other sites More sharing options...
safeway56 Posted January 20, 2009 Report Share Posted January 20, 2009 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. Quote Link to comment Share on other sites More sharing options...
observer Posted January 21, 2009 Report Share Posted January 21, 2009 Zer are vays und means of dealing wiz zem! Quote Link to comment Share on other sites More sharing options...
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