What should be done? See poll.
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35Save the banks with trillions ££ of tax-payers money and watch the City bonuses mushroom.8.57%3Let them fail and rescue the customers only.68.57%24AndyW is a total banker.22.86%8 -
How do you let them fail, what do you do with all the bonds and debts etc? Setting up a new organization to sort them out would surely take years?Originally posted by MaryPoppinsOriginally posted by vetran -
What will happen is that HMG will gradually nationalise all banks and effectively own most property in the UK for zilch. The spin all along says that it is costing the taxpayer which the stupid average taxpayer believes, so it's a no-brainer for New Lie.
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The help for the customers should be limited too. Why should someone with a large deposit with a dodgy bank get the benefits when things go well but are protected when things go bad?How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Exactly, the poll is flawed and biased. Investors (i.e. depositors) should loose out and borrowers depts would be written off. Seems fair and capitalist to me. And for that reason I'm out.Originally posted by HairyArsedBloke View PostComment
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I want to vote for whatever atw voted for!
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Fook em... As long as the hard working savers are protected. Stuff the shareholders... Their risk...Comment
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Hard working savers.... hmm, I might use that one in my next speech.Originally posted by badger7579 View PostIf you've got a problem and no one else can help, and if you can find him, maybe you can hire...Gordon Brown ...( cue music )Comment
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But what we want to hear is you say: "On your side". That will make us all feel a lot better.Originally posted by Gordon Brown View PostHow did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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OK, investors and depositors are not the same. Investors are the shareholders, they are the bank's owners. Depositors are the bank's customers.Originally posted by TimberWolf View Post
Investors own the bank, until the govt takes it away from them. When it does so, it removes from them the option of holding on to realise any remaining value later. You could say that it compulsorily shorts them.
Oh, and loose out
lose out.
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