King: Banks need to admit extent of bad debts before recovery

[doodab]

That argument is as daft as a brush.

All those examples attracted the very best for specific cutting edge projects, and most had/have public money lavished on them for a specific political goal often of vital national interest.

How would that compare with a National Water Board office, say, staffed by poorly paid, badly motivated, average intelligence civil servants? Not trying to belittle them - I guess most of us would be in those categories in the wrong circumstances. But you see the difference?

Do try and be realistic.

That argument is as daft as a brush.

How would that compare with a private water company, say, staffed by poorly paid, badly motivated, average intelligence jobsworths? Not trying to belittle them - I guess most of us would be in those categories in the wrong circumstances. But you see the similarity?

Do try and be realistic.

[Lockhouse]

For Gawd's sake we've been recapitalising the banks for the past four years! It's lies and spin and Merv has his own agenda.

Historically when the BOE rate was 4-5%, you could get a mortgage for +1.5% or so on top of that. Try getting a mortgage on 2% now!

It's just one mega rip-off.

[OwlHoot]

How would that compare with a private water company, say, staffed by poorly paid, badly motivated, average intelligence jobsworths?

Because, dummy, if the company fails, for whatever reason, then some other more successful company can put in a bid to replace them.

Obviously one way to avoid that is to have motivated, skilled employees. So it's in a private company's interest as much as that of one of Sasguru's public sector organisations who he says have learned so much all about management etc since the 70s.

[Martin@AS Financial]

For Gawd's sake we've been recapitalising the banks for the past four years! It's lies and spin and Merv has his own agenda.

Historically when the BOE rate was 4-5%, you could get a mortgage for +1.5% or so on top of that. Try getting a mortgage on 2% now!

It's just one mega rip-off.

It is possible but only if you have a 40% deposit. There are currently 1.99% 2 year fixed available in the market.

[moggy]

It is possible but only if you have a 40% deposit. There are currently 1.99% 2 year fixed available in the market.

but the set up costs would be 2k plus i'd imagine.

[Martin@AS Financial]

but the set up costs would be 2k plus i'd imagine.

£995 I believe.