The Latest British Bank Bailout
Jan 20th 2009, 11:18 am
#16
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: The Latest British Bank Bailout
Mary Poppins?
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Jan 20th 2009, 11:20 am
#17
BE Forum Addict
Joined: Apr 2005
Location: Melbourne
Posts: 4,553
Re: The Latest British Bank Bailout
So do you think the UK Govt will let RBS fail?
Jan 20th 2009, 11:22 am
#18
Now 15% less offensive
Joined: Jul 2004
Location: Poole, Dorset. (Ex. Dubai, but might be back soon)
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Jan 20th 2009, 11:26 am
#19
Now 15% less offensive
Joined: Jul 2004
Location: Poole, Dorset. (Ex. Dubai, but might be back soon)
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Jan 20th 2009, 11:30 am
#20
Now 15% less offensive
Joined: Jul 2004
Location: Poole, Dorset. (Ex. Dubai, but might be back soon)
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Jan 20th 2009, 11:30 am
#21
Truth is the safest lie.
Joined: Jul 2008
Location: @ the beach.
Posts: 7,240
Re: The Latest British Bank Bailout
No, but it may become another arm of the government. That is a scary thought, could the government run a bank at a profit or break even? Imagine how many mortgages the government would have claim over and all the possible social engineering 
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Jan 20th 2009, 12:09 pm
#22
Truth is the safest lie.
Joined: Jul 2008
Location: @ the beach.
Posts: 7,240
Re: The Latest British Bank Bailout
Most of it's gone forever anyway mate 
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Isn't it obvious though that the solution to a problem caused by borrowing too much money and failing to rate the risk of your assets, is to borrow massively and not know what your liabilities are?
Insuring debt...
This whole banking thing is fantastic though...in much the same way as watching a mushroom cloud from miles away
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.Isn't it obvious though that the solution to a problem caused by borrowing too much money and failing to rate the risk of your assets, is to borrow massively and not know what your liabilities are?
Insuring debt...This whole banking thing is fantastic though...in much the same way as watching a mushroom cloud from miles away
.
Jan 20th 2009, 12:45 pm
#24
Lost in BE Cyberspace
Joined: Jul 2007
Posts: 13,553
Re: The Latest British Bank Bailout
RBS now in effect 70 pct owned by UK taxpayers.... er, I mean the UK government........
.......... see how it only works one way??
.......... see how it only works one way??
Jan 20th 2009, 6:20 pm
#26
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Jan 21st 2009, 5:19 am
#29
BE Enthusiast
Joined: May 2008
Posts: 587
Re: The Latest British Bank Bailout
I think that unless this recession runs and runs (safe pair of hands and all that), or another sysmic (sp) event occurs then the electorate have had enough of this government... That was certainly the vibe last year in the local/london elections...
Jan 21st 2009, 11:21 am
#30
Account Closed
Joined: Oct 2008
Posts: 2,502
Re: The Latest British Bank Bailout
It's becoming readily apparent in the UK now that despite Brown's attempts to blame the recession on Bush and the US, the UK in reality played the credit game even more so than the Americans did and for an even longer time. The credit boom and the failure to regulate it happened under Brown's watch when he was chancellor of the exchequer.
