Originally posted by TonyEnglish
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Will interest rates go down then?
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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" - Aesop -
Originally posted by dang65 View PostWhat's the point of us voting (or not voting) for a government at all if we can't then expect them to act on our behalf when fuel companies/foreign governments/illegal immigrants/money-grabbing bankers don't play ball?
It's not about government control of everything, it's about government as representatives of the people and making sure we don't get completely ripped off. Especially when these financial places have caused the current problems in the first place and are being bailed out by money raised from the people.
The instinctive British fear of government control/nanny state, admirable though it is a lot of the time, does seem to stop beneficial and positive action being taken on our behalf as well.
HMG are earning 12% on preference shares. I order for the banks to pay this they must generate profits. Thus, they will not cut interest rates. This is a stealth tax on mortgagees by HMG to fill their black hole !!Comment
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Originally posted by Cyberman View PostHMG are earning 12% on preference shares. I order for the banks to pay this they must generate profits. Thus, they will not cut interest rates. This is a stealth tax on mortgagees by HMG to fill their black hole !!Comment
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Originally posted by Mike Hunt View Postwhats to stop me walking into tulip west and asking for a 1% mortgage fixed for 22.75 years and when he tells me no , I can fire his assComment
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Originally posted by TykeMerc View PostBetter that HMG gets it than the fat bastards with their golden parachutes and billion bonusses I say!!!!!!!!Comment
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Originally posted by TykeMerc View PostBetter that HMG gets it than the fat bastards with their golden parachutes and billion bonusses I say!!!!!!!!
Yes, but it is even better if we got it in interest rate cuts, which we won't because of HMG ineptness in screwing the banks for 12%!!Comment
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Originally posted by stackpole View PostNot really, the fat bastards will use the money better.
HMG has never been much good at spending our tax money effectively, but if some of the collosal banking profits wind up in the treasury we might get our Victorian school, hospital and transport infrastructure upgraded.
Ok I'm being wildly optimistic, but when Lehmans UK bleated that the >2 Billion that was siphoned off by the US company was destined for bonus payments it makes you wonder just how many traders got how much.Comment
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