Where is all this bailout money coming from - discuss?

[GreenerGrass]

More info:

http://www.dmo.gov.uk/documentview.a...s/pr141008.pdf

[eliquant]

More info:

http://www.dmo.gov.uk/documentview.a...s/pr141008.pdf

aha so the government are just producing bonds out of thin air to raise money for the bail out (the government issued the bond to someone .. that someone loans the government money and the gov then pay coupon interest on the bond and then at maturity repay the original loan amount) ... they don't seem to be physically printing money which is a good thing, instead they are just creating more debt for the tax payer for the next number of x years !!

oh feck me not more government debt .. this will be like our National Debt after WW2 that we were paying into the 80s/90s.

suckers !!!!! you are all a bunch of suckers !!!! yeaaaahhhhh ratfans !

[SantaClaus]

aha so the government are just producing bonds out of thin air to raise money for the bail out (the government issued the bond to someone .. that someone loans the government money and the gov then pay coupon interest on the bond and then at maturity repay the original loan amount) ... they don't seem to be physically printing money which is a good thing, instead they are just creating more debt for the tax payer for the next number of x years !!

oh flip me not more government debt .. this will be like our National Debt after WW2 that we were paying into the 80s/90s.

suckers !!!!! you are all a bunch of suckers !!!! yeaaaahhhhh ratfans !

Now, any offers to loan the govt. billions of pounds, at lets say... 4 1/4 % interest.
BN66 CTD payers, please sit down!

[BrilloPad]

The banks money is just a number in a database in the bank.

So all that's happened is:

UPDATE account
SET balance = balance + 1000000000000



Simple. Bank now has loads of money again and we didn't give a penny of our money to them.

Boomed!

HTH

I hope they don't get the permies at clientco to code it! They would probably do :-

SET balance = balance - 1000000000000

Or worse......

[SantaClaus]

I hope they don't get the permies at clientco to code it! They would probably do :-

SET balance = balance - 1000000000000

Or worse......

ha ha ha! Or worse, devise some financial instrument for it, 1000 times more complicated than Credit Default Swaps.

[sappatz]

Bankss

money does not grow on trees
this money to support scottish banks is coming out of your pockets, one way or another !

[NoddY]

All new money is Western economies is released as debt.

If, tomorrow, everyone decided to pay back their debts at once there would not be enough money to do so.

[Andy2]

All new money is Western economies is released as debt.

If, tomorrow, everyone decided to pay back their debts at once there would not be enough money to do so.

There is always WW3 to end all the debts of the western world
sorted