Bank of England declared bankrupt - Martial Law imposed

[TimberWolf]

Things can only get better ....... as Tony once said.

Things did get better. For him.

[minsky1]

Things can only get better ....... as Tony once said.

[Churchill]

Will anyone draw the obvious conclusion?

I wouldn't "Labour" that point...

[expat]

so really it's just like late 1979, 1989-90 and 1992 again?

Will anyone draw the obvious conclusion?

[VectraMan]

Don't worry, Scotland will bail us out.

[Peoplesoft bloke]

The deposits won't disappear, you'll probably be given an IOU by the British Government. The mortgages will be sold to a shark who will impose 15% interest rates.

so really it's just like late 1979, 1989-90 and 1992 again?

[BlasterBates]

The deposits won't disappear, you'll probably be given an IOU by the British Government. The mortgages will be sold to a shark who will impose 15% interest rates.

[Bagpuss]

what happens to our mortgages if it all goes down the toilet?

The banks insurance company pays the administrators and then chases you for the debt

[HairyArsedBloke]

Cancelled, surely, in DPs words 'it's only fair' !

No, you'll still owe the government the money, but they will have taken your house from you too.

Edit: Damn you expat, got there first!

[FSM with Cheddar]

I was in the air cadets when I was 13, so I think than makes me higher ranking than you civvies in a time of martial law.

[expat]

what happens to our mortgages if it all goes down the toilet?

You keep the mortgage but your house is nationalised.

[rootsnall]

what happens to our mortgages if it all goes down the toilet?

Cancelled, surely, in DPs words 'it's only fair' !

[DS23]

what happens to our mortgages if it all goes down the toilet?

[DimPrawn]

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