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mark occomore
Joined: 07 Dec 2006
Posts: 9955
Location: UK
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 Posted: Sat Jan 03, 2009 7:08 pm Post subject: More Bank Bail Outs |
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| Quote: | | A further bail-out for the UK's banks is being considered by the government, Treasury sources have confirmed. |
http://news.bbc.co.uk/1/hi/business/7809533.stm
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I suppose they need to keep them going, but it does seem that one or two maybe still in trouble. |
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nod
Joined: 24 Dec 2006
Posts: 3558
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| Posted: Sat Jan 03, 2009 7:09 pm Post subject: |
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Excellent the bankers well be able to get bigger bonuses  |
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SantaFefan
Joined: 07 Dec 2006
Posts: 11258
Location: top of the cliffs in Norfolk
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| Posted: Sat Jan 03, 2009 7:32 pm Post subject: |
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This would be ok if we'd seen evidence that the first bail out was starting to work!
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mark occomore
Joined: 07 Dec 2006
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Location: UK
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| Posted: Sat Jan 03, 2009 7:42 pm Post subject: |
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It looks like the first wasn't enough. I'm sure Robert Peston will be on the case soon.  |
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gfloyd
Joined: 07 Dec 2006
Posts: 4861
Location: Here, There, Everywhere.
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| Posted: Sat Jan 03, 2009 7:45 pm Post subject: |
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| mark occomore wrote: | | It looks like the first wasn't enough. |
How will we know when it is enough? Will there be a sign? Perhaps a return to lending 125% of property value or a pick up in the sale of Porsches.
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SantaFefan
Joined: 07 Dec 2006
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Location: top of the cliffs in Norfolk
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| Posted: Sat Jan 03, 2009 7:55 pm Post subject: |
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or maybe increased sales of filofaxes and red braces...
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Johnnie Walker read out my message on Pirate Radio! 13/8/07
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mark occomore
Joined: 07 Dec 2006
Posts: 9955
Location: UK
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| Posted: Sun Jan 04, 2009 2:56 pm Post subject: |
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| I was watching Brown on Andrew Marr show and mentioning about the banks. I guess the blame has been put on Brown and the last 11 Years of Labour, but China and the US are ploughing more money in than we are. He also said " One Billion of the 12 Billion has been used so far " ... |
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MadeinSurrey
Joined: 11 Dec 2006
Posts: 3130
Location: The Beautiful South
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| Posted: Sun Jan 04, 2009 6:33 pm Post subject: |
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It's "Mr" Brown to you. 
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MiS |
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gfloyd
Joined: 07 Dec 2006
Posts: 4861
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| Posted: Sun Jan 11, 2009 10:06 am Post subject: |
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| MadeinSurrey wrote: | | It's "Mr" Brown to you. |
Actually he goes around asking people to "call me Gordon"
Anyway the only bank out of this crisis is for people to start saving more
Liam Halligan is right
http://www.telegraph.co.uk/finance/comment/liamhalligan/4213920/What-this-economy-needs-is-for-us-to-spend-some-time-on-saving.html
Unfortunately this will take years to re-balance, but then it took years to get into this mess.
Jeff Randells ad for his new show on Sky News is very adpt. On it, he says people are looking for a sprinkling of magic dust to make the crisis diappear.
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His name was ernie ........ and he drove the fastest milk cart in the west..... |
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Boy Perkins
Joined: 18 Dec 2008
Posts: 128
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| Posted: Sun Jan 11, 2009 10:44 pm Post subject: |
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With GB borrowing such large sums of money, does anyone know who he is borrowing from?
What are the terms of the loans? Rate of interest and for how long?
What happens if the lenders call in the debt?
What collateral have we put up against the loan?
And when the debts have to be rescheduled, as they surely will, what happens when no more money is forthcoming?
Strange that when the policy is to spend our way out of trouble that everyone is starting to cut back on spending ... |
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RockitRon
Joined: 07 Dec 2006
Posts: 7646
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| Posted: Mon Jan 12, 2009 1:31 pm Post subject: |
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| wrote: | With GB borrowing such large sums of money, does anyone know who he is borrowing from? No, it's better not to know.
What are the terms of the loans? Rate of interest and for how long? Don't know; how long's a piece of string? It's better not to know
What happens if the lenders call in the debt? Hide; it's better not to know
What collateral have we put up against the loan? Apart from the broken gold watch and chain left in the BoE vaults after Gordon sold everything else off five years ago? It's better not to know
And when the debts have to be rescheduled, as they surely will, what happens when no more money is forthcoming? That's the easy question; nobody does know
Strange that when the policy is to spend our way out of trouble that everyone is starting to cut back on spending ... That's because it's our money they're spending |
Don't tell me the prize is a Woolworths gift token - I don't want to know.
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Ron
Last edited by RockitRon on Mon Jan 12, 2009 2:12 pm; edited 2 times in total |
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Rachel
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| Posted: Mon Jan 12, 2009 1:56 pm Post subject: |
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It's ok - Gordon says that he won't let the economy go down the tubes "on his watch"- he said that with a straight face too.
There's nothing left of our economy to watch.
I see David's lot have nicked my poster idea about babies being born into debt. |
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mark occomore
Joined: 07 Dec 2006
Posts: 9955
Location: UK
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| Posted: Mon Jan 19, 2009 6:21 pm Post subject: |
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| Who's been dipping into the other Cash. The Bank managers need to sort themselves out.. |
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mark occomore
Joined: 07 Dec 2006
Posts: 9955
Location: UK
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| Posted: Mon Jan 19, 2009 6:35 pm Post subject: |
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A ITV correspondent was told by Gordon Brown to be careful what you say after he said we could go into National Bankruptcy...
Wonder if we could? |
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Boy Perkins
Joined: 18 Dec 2008
Posts: 128
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| Posted: Mon Jan 19, 2009 6:46 pm Post subject: |
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Theoretically possible Mark, but there would have to be a lot of other things happen to a lot of other countries first... and by that time it probably wouldn't matter to anyone. We would be in complete meltdown.
Mind you that is where I think we are headed and nothing today will stop that... Remember I said it! |
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SantaFefan
Joined: 07 Dec 2006
Posts: 11258
Location: top of the cliffs in Norfolk
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| Posted: Mon Jan 19, 2009 7:26 pm Post subject: |
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I wonder what the consequences would be if we did go into national bankruptcy? too frightening to think of really but then again, each day the news does seem to get worse..and more worrying.
Maybe it's time to become the 51st State? 
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I have heard how radio should be. |
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gfloyd
Joined: 07 Dec 2006
Posts: 4861
Location: Here, There, Everywhere.
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| Posted: Mon Jan 19, 2009 7:52 pm Post subject: |
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| SantaFefan wrote: | I wonder what the consequences would be if we did go into national bankruptcy? too frightening to think of really but then again, each day the news does seem to get worse..and more worrying.
Maybe it's time to become the 51st State? |
Call the IMF in again? Same as what happened last time Labour were in power.
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His name was ernie ........ and he drove the fastest milk cart in the west..... |
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mark occomore
Joined: 07 Dec 2006
Posts: 9955
Location: UK
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| Posted: Mon Jan 19, 2009 8:33 pm Post subject: |
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Which American state went Bankrupt? I think maybe a shiver up someones back especially Browns mentioning National Bankruptcy may start the ball rolling. I hope this is the last time we see an injection of money?
What would happen if we did go Bankrupt?  |
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gfloyd
Joined: 07 Dec 2006
Posts: 4861
Location: Here, There, Everywhere.
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| Posted: Mon Jan 19, 2009 9:05 pm Post subject: |
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| mark occomore wrote: | | What would happen if we did go Bankrupt? |
The government would run out of money, so civil servants, teachers, police, etc wouldn't be paid. Neither would pensions or other benefits.
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His name was ernie ........ and he drove the fastest milk cart in the west..... |
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Boy Perkins
Joined: 18 Dec 2008
Posts: 128
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| Posted: Mon Jan 19, 2009 10:41 pm Post subject: |
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| But, as I may have mentioned before (?) a lot of other things will have gone wrong beforehand with 'bankruptcy' just a theoretical financial end point. |
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mark occomore
Joined: 07 Dec 2006
Posts: 9955
Location: UK
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| Posted: Wed Jan 21, 2009 9:09 pm Post subject: Northern Rock |
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Dish out bonuses for their staff..
| Quote: | | Gordon Brown's spokesman said it was a "matter for Northern Rock". |
http://news.bbc.co.uk/1/hi/uk_politics/7843124.stm
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Maybe they could have refunded back to the tax payer. |
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Boy Perkins
Joined: 18 Dec 2008
Posts: 128
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| Posted: Wed Jan 21, 2009 10:10 pm Post subject: |
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| Wonder what has happened to the staff pensions? |
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SantaFefan
Joined: 07 Dec 2006
Posts: 11258
Location: top of the cliffs in Norfolk
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| Posted: Thu Jan 22, 2009 11:12 am Post subject: |
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My Brother in Law is currently organising an "approved" mortgage from Northern Rock... I say currently, it's been going on since November!
He can afford it and it's only £150k against a £250k property but they seem to be throwing spanners into the works at every opportunity!
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Johnnie Walker read out my message on Pirate Radio! 13/8/07
I have heard how radio should be. |
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Boy Perkins
Joined: 18 Dec 2008
Posts: 128
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| Posted: Thu Jan 22, 2009 10:24 pm Post subject: |
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| Far be it for us to cast aspersions on your Brother in Law's credit worthiness... |
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