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The Latest British Bank Bailout

The Latest British Bank Bailout

Old Jan 20th 2009, 12:18 pm
  #16  
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Default Re: The Latest British Bank Bailout

Mary Poppins?

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Old Jan 20th 2009, 12:20 pm
  #17  
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Default Re: The Latest British Bank Bailout

So do you think the UK Govt will let RBS fail?
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Old Jan 20th 2009, 12:22 pm
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Default Re: The Latest British Bank Bailout

Originally Posted by Meow View Post
Mary Poppins?

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Yep! That particular scene should be required viewing for all bank staff.
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Old Jan 20th 2009, 12:26 pm
  #19  
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Default Re: The Latest British Bank Bailout

Originally Posted by Eva View Post
P.L Travers?

You big blouse!

You are way too smart!!
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Old Jan 20th 2009, 12:30 pm
  #20  
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Default Re: The Latest British Bank Bailout

Originally Posted by IndieG View Post
So do you think the UK Govt will let RBS fail?
After pumping so much money into them??? I bloody hope not, they are my bankers :curse:
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Old Jan 20th 2009, 12:30 pm
  #21  
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Default Re: The Latest British Bank Bailout

Originally Posted by IndieG View Post
So do you think the UK Govt will let RBS fail?
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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Old Jan 20th 2009, 1:09 pm
  #22  
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Smile Re: The Latest British Bank Bailout

Originally Posted by NedKelly63 View Post
After pumping so much money into them?
Most of it's gone forever anyway mate .

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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Old Jan 20th 2009, 1:30 pm
  #23  
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Default Re: The Latest British Bank Bailout

Originally Posted by NedKelly63 View Post
You are way too smart!!
You wouldn't think that if you saw the state of my RBS ISA's
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Old Jan 20th 2009, 1:45 pm
  #24  
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Default 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??
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Old Jan 20th 2009, 1:48 pm
  #25  
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Default Re: The Latest British Bank Bailout

Originally Posted by The Dean View Post
RBS now in effect 70 pct owned by UK taxpayers.... er, I mean the UK government........

.......... see how it only works one way??
yep can't imagine the real shareholders having too much say there then...
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Old Jan 20th 2009, 7:20 pm
  #26  
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Default Re: The Latest British Bank Bailout

Originally Posted by Meow View Post
The buck may stop with Gordon, but he was not running the banks on a daily basis, not is it his role to do so.

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I wouldn't let him run a bath nevermind a bank or for gods sake the country ! :curse:
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Old Jan 21st 2009, 4:04 am
  #27  
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Default Re: The Latest British Bank Bailout

Originally Posted by Karlos The Jackal View Post
I wouldn't let him run a bath nevermind a bank or for gods sake the country ! :curse:
Thats good as we have Cameron, Osbourne and Ken C to save us all after the next GE
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Old Jan 21st 2009, 6:08 am
  #28  
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Default Re: The Latest British Bank Bailout

Originally Posted by Sky Blue View Post
Thats good as we have Cameron, Osbourne and Ken C to save us all after the next GE

Do you think so? Labour think tank is confident that they will be re-elected.


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Old Jan 21st 2009, 6:19 am
  #29  
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Default Re: The Latest British Bank Bailout

Originally Posted by Meow View Post
Do you think so? Labour think tank is confident that they will be re-elected.


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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...
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Old Jan 21st 2009, 12:21 pm
  #30  
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Default 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.

Originally Posted by Meow View Post
Do you think so? Labour think tank is confident that they will be re-elected.


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