All Your Banks Belong To Us

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expat replied

8 October 2008, 07:12
Originally posted by SantaClaus View Post

Love it! Nationalisation of capitalism

Can't we nationalise some bits that are working?
Leave a comment:
eliquant replied

8 October 2008, 07:05
Originally posted by Stan.goodvibes View Post

Oooh, its so exciting,

Can't wait to get back to the United Socialist Republic Kingdom next year! Perhaps I can get a job loading lineflow in the Peoples Bank, work my way up into the Politbureau.

Failing that I guess I can always help with rebuilding the Berlin Wall...

*sings* "...its the Final Countdown..."
Leave a comment:
expat replied

8 October 2008, 07:01
Originally posted by BlasterBates View Post

What is worrying reading about this rescue is that it is now clear the UK is developing a subprime problem comparable with the US.i.e. this isn't about US speculation but UK housing speculation. It is about a year behind the US in its bust cycle.

Scary.....

Is this a surprise? What did we think that self-certification mortgages were for? Never mind the income, who needs ability to pay, when you have the property as security. As long as its value stays high. And people don't start taking 125% mortgages. Or boosting property prices by buying up prospective BTL flats on interest-only loans.
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BlasterBates replied

8 October 2008, 06:55
What is worrying reading about this rescue is that it is now clear the UK is developing a subprime problem comparable with the US.i.e. this isn't about US speculation but UK housing speculation. It is about a year behind the US in its bust cycle.

Scary.....
Leave a comment:
AlfredJPruffock replied

8 October 2008, 06:37
Originally posted by Gordon Brown View Post

http://news.bbc.co.uk/1/hi/business/7657422.stm

No more boom and bust.

All Hail McBrown - Thane of Banking

Hoil Boil - Toil and Trouble ...
Leave a comment:
Bagpuss replied

7 October 2008, 22:15
Cue SASguru and one of his posts about The City being the economic powerhouse of the country
Leave a comment:
Stan.goodvibes replied

7 October 2008, 22:12
Oooh, its so exciting,

Can't wait to get back to the United Socialist Republic Kingdom next year! Perhaps I can get a job loading lineflow in the Peoples Bank, work my way up into the Politbureau.

Failing that I guess I can always help with rebuilding the Berlin Wall...

*sings* "...its the Final Countdown..."
Leave a comment:
Diver replied

7 October 2008, 22:08
It will include a proposal to use taxpayers' money to invest in banks - in effect part nationalising them.

Does that mean that we can go to the bank and get some of it back?

It is ours
Leave a comment:
SantaClaus replied

7 October 2008, 20:08
Love it! Nationalisation of capitalism
Leave a comment:
Gordon Brown started a topic All Your Banks Belong To Us

7 October 2008, 18:04
All Your Banks Belong To Us

http://news.bbc.co.uk/1/hi/business/7657422.stm

No more boom and bust.
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