Originally posted by Platypus
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Reply to: The £squillion public banking bail out ?
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Previously on "The £squillion public banking bail out ?"
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Originally posted by Platypus View PostBalls.
Show me a bank or building society that is advertising a negative interest rate.
(I expect you might mean relative to inflation. Well tough, what law of the universe states that you're entitled to make money on your savings?)
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Originally posted by BobTheCrate View PostI'm still none the wiser guys.
Given the current stat d'affaire (excuse my rubbish french), I'm surprised & maybe a bit frustrated the answer to this pretty goddamn fundamental question is so elusive.
as I say, me not understand either.
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Originally posted by TimberWolf View PostSavers are earning negative interest
Show me a bank or building society that is advertising a negative interest rate.
(I expect you might mean relative to inflation. Well tough, what law of the universe states that you're entitled to make money on your savings?)
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I'm still none the wiser guys.
Given the current stat d'affaire (excuse my rubbish french), I'm surprised & maybe a bit frustrated the answer to this pretty goddamn fundamental question is so elusive.
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Originally posted by scooterscot View PostYes, higher petrol prices...
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Originally posted by Churchill View PostOn another note, when are we going to get some recompense for Kuwait, Iraq and Afghanistan?
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We're still bailing out the banks and will do for some time. Or at least some of us are. Savers are earning negative interest and house prices are being kept artificially high to prevent mortgage defaults, which would hurt the banks.
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Originally posted by minestrone View PostI have been meaning to ask this as my impression was that the majority of this was made available to the banks if they got in trouble but little was used.
The only cost has really been buying the banks ( 70 billion I think ) at a very cheap price which they will make back easily.
doh, me not understand any more.
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I have been meaning to ask this as my impression was that the majority of this was made available to the banks as a loan if they got in trouble but little was used.
The only cost has really been buying the banks ( 70 billion I think ) at a very cheap price which they will make back easily.
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Originally posted by Churchill View PostOn another note, when are we going to get some recompense for Kuwait, Iraq and Afghanistan?
...Or did our government really buy the WMD story? The septics must be pissing themselves over that one.
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Originally posted by BobTheCrate View PostWhy do we never hear about this side of the equation from our political friends & foes ?
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[QUOTE=BobTheCrate;1125439]Okey dokey then, some help from you lot please ...
The £squillion public banking bail out ... ?
Was all this money "given" to the banks or was it a public loan ? I was under the apprehension it was the latter.
[QUOTE]
No money changed hands what-so-ever. Not even in the form of loans.
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On another note, when are we going to get some recompense for Kuwait, Iraq and Afghanistan?
Leave a comment:
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The £squillion public banking bail out ?
Okey dokey then, some help from you lot please ...
The £squillion public banking bail out ... ?
Was all this money "given" to the banks or was it a public loan ? I was under the apprehension it was the latter.
Again if the latter, even with a modest interest rate attached, the public finances can at some moment in time expect quite a welcome boost in repayments. Certainly enough to make one hell of a difference to the structural deficit.
Why do we never hear about this side of the equation from our political friends & foes ? Unless of course I'm under a mis-apprehension.Tags: None
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