Where's CyberSmug today?

[Cyberman]

History does no support that claim one iota. There are dozens of examples of judges ruleing against HMG, and doing so in cases with much bigger implications than this tiddly little tin pot worthless company.

tim

History shows that many people have hidden agendas in government.

Remember when HMG granted the judiciary exemption from IR35 ?

Only this week the ex-HBOS guy Crosby resigned from the FSA, because he was regulating his old bank from which he had previously sacked the risk-analysis guy, after he warned him that he was growing HBOS too fast. The useless Brown hired Crosby himself. Conflict of interest.... Naah !!

You are very naive tim123.

[tim123]

So if HMG refloat the Rock at 5 quid a share in the future and makes a massive profit on their theft, that is fair on pensioners etc that have invested in good faith over the years ?

Yes.

For the reason that I have already stated.

If HMG hadn't stepped in, the Crock would have been worth zero and that's what the pensioners would have got.

If HMG sell it later at 5 pounds a share, all of that increase will have been because HMG did step in and bail it out. So why should any of that money go to the pensioners? I really can't see how you can argue that it should (your argument seems to be based around substituting predatory hedge funds with poor little old ladies).

Remember sitting where we are now, you don't know that they will be able to sell it for 5 pounds a share. It might make an even bigger loss in the coming years and cost HMG even more money.

Are you prepared to take this downside risk, in order to obtain the upside risk that you were expecting the court to give you? If so, put you GBP 2.50 per share on the table now (noting that when the shareholders of the other bank's were offered such a deal, they all declined to put their money on the table).

Your expectations here have no financial basis at all.

tim

[tim123]

History shows that many people have hidden agendas in government.

Remember when HMG granted the judiciary exemption from IR35 ?
.

No they didn't They ruled, quite rightly that the government had a right to change tax law.

Only this week the ex-HBOS guy Crosby resigned from the FSA, because he was regulating his old bank from which he had previously sacked the risk-analysis guy, after he warned him that he was growing HBOS too fast. The useless Brown hired Crosby himself. Conflict of interest.... Naah !!

What has that got to do with the judiciary. They are the party I was defending as independent.

You are very naive tim123.

And you are incapable of comprehending what people are saying to you.

tim