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Ts'ao Ts'ao
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Posted - 2010.10.04 08:31:00 -
[1]
More bailout may be needed?!
**** off I say
'taxpayers may be forced to plug a ú25bn-a-month funding gap, an economic think-tank has claimed'
'an estimated ú1.2trillion of state cash has already been pumped into the banking system'
Why can't the goverment just get everyones account balances and secure any savings, let the banks collapse, and start over?! surely this would be much much cheaper and more effective!!
If there is yet another bailout, and we lose VITAL public services like healthcare and policing, and cuts to benefits while the banking fat cats continue to roll around in cash, then I am up for a rebellion... anyone else?!
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Intense Thinker
Minmatar
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Posted - 2010.10.04 08:38:00 -
[2]
Edited by: Intense Thinker on 04/10/2010 08:38:30 give us your money, or we'll take it anyway Signature locked for editing a moderator's warning. Zymurgist |
Wendat Huron
Stellar Solutions
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Posted - 2010.10.04 09:19:00 -
[3]
Originally by: Ts'ao Ts'ao More bailout may be needed?!
**** off I say
'taxpayers may be forced to plug a ú25bn-a-month funding gap, an economic think-tank has claimed'
'an estimated ú1.2trillion of state cash has already been pumped into the banking system'
Why can't the goverment just get everyones account balances and secure any savings, let the banks collapse, and start over?! surely this would be much much cheaper and more effective!!
If there is yet another bailout, and we lose VITAL public services like healthcare and policing, and cuts to benefits while the banking fat cats continue to roll around in cash, then I am up for a rebellion... anyone else?!
I think the answer should be pretty self-evident. Banks own governments.
Delenda est achura. |
wayz
wayz logistics solutions
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Posted - 2010.10.04 11:01:00 -
[4]
I was up for a rebellion the first time when they blatently stole our money and gave it to a corrupt banking system. They should of just seized all the banks remaining assets and forcibly liquidated them all, replacing them with a "peoples banking system" kind of like they have in china.
I actually think that the perpetrators of this bailout scam should be brought to book, and executed as traitors www.faceparty.com/twisted_wayz |
Reiisha
Evolution IT Alliance
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Posted - 2010.10.04 11:19:00 -
[5]
No bailouts as long as bankers pay themselves more than about 40k a year.
They still think that they deserve it after messing up this much.
"If you do things right, people won't be sure you've done anything at all"
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baltec1
Antares Shipyards Circle-Of-Two
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Posted - 2010.10.04 14:52:00 -
[6]
When I saw the tital I instantly thought of sky news.
Anyways just the other week it was reported that UK banks were not only out of danger but also have the best capital in Europe. Are you not getting confused with the Irish banking bailout?
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Narisa Bithon
Caldari
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Posted - 2010.10.04 15:03:00 -
[7]
yup its the irish banking bailout that is raping the people's wallets.
i wish they would just let anglo irish bank die and not waster any more euros on it. 50bil of irish tax payer's money has gone into that bank so far and its still nowhere near right. meanwhile the dole queues get longer with almost 14% of the population out of work at present.
with the taxer payer pool getting smaller n smaller by the day while the irish banks leech what little euros is left i fear its gonna be too little too late to dig ourselves out of recession and to reduce the borrowing the govermenment has to currently do.
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Danton Marcellus
Nebula Rasa Holdings
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Posted - 2010.10.04 15:07:00 -
[8]
Last bailout over here gave the banks all the money that needed with no repayment plan, we just handed them money and now that they're in the green again it's like it never happened.
'Do as I say not as I do' it is.
Let them all crash and burn and regulate banking hard. It's the single most dangerous entity on the planet, global banking, forget religion.
Should/would/could have, HAVE you chav!
Also Known As |
Ts'ao Ts'ao
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Posted - 2010.10.04 16:17:00 -
[9]
not refering to the irish bank bailouts, but the news that UK banks may need FURTHER bailouts, its rediculous, let them crash and fail..
Would it not be cheaper for the government to guarnetee everyones money? rather than bail the banks out?!
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Bodrul
Caldari Future Dynamics
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Posted - 2010.10.04 16:34:00 -
[10]
how else will they pay their ******ed bonuses?
............ Researched BPO Lottery (Using Darkness) http://www.gamingrev.com/forum/index.php?/topic/12-euro-game |
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baltec1
Antares Shipyards Circle-Of-Two
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Posted - 2010.10.04 16:45:00 -
[11]
Originally by: Ts'ao Ts'ao not refering to the irish bank bailouts, but the news that UK banks may need FURTHER bailouts, its rediculous, let them crash and fail..
Would it not be cheaper for the government to guarnetee everyones money? rather than bail the banks out?!
Not finding anything about uk banks in need of bailouts. I did find a report about crown currency going bust though.
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lagrange gormo
Gallente Hyperion Ore and Mfg Enterprises House of Mercury
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Posted - 2010.10.05 09:16:00 -
[12]
Linkage
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Lithalnas
Amarr Privateers Privateer Alliance
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Posted - 2010.10.05 15:56:00 -
[13]
I think everyone here is being a little hysterical. The reason why the banks need money is that they are not getting the income from their loans. It is not a downturn in the stock market because banks are not allowed to hold significant quantities of stock else they would be considered a mutual fund or hedge fund.
Back to the topic at hand, the banks are running short on income because they have had a large number of leans or, in the case of Euro-banks, loan packages go bad. The reason why they have gone bad is because they made loans or were forced to make loans to people who did not have a foreseeable future income to sustain their mortgage payment.
Here in the states, TARP, or Troubles Asset Recovery Plan, which was a Bush administration project. Has been successful in stabilizing the banking industry. Large banks like Washington mutual were successfully rolled into other banks like Chase. Other institutions that were too large to be taken over by another such as Citigroup, were propped up by tarp money and have since been able to manage their losses.
This is not to say that government help is the solution to the problem. Look at the large institution known as GM. The government broke banking law so that they could have the unions(and not the bond holders) get first share in ownership on the reconstitution of the company. -------------
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Haldane IV
Einstein's Dreams
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Posted - 2010.10.05 16:15:00 -
[14]
Going over old ground a bit here -
Yes Banks problems derive from loans going bad, but as far as the UK is concerened I am not aware that any UK Bank was forced to make loans to anyone in the UK (who could not afford them)- to the extent that may have happened the Bankers were the authors of their own misfortune.
Rather, as I understand it, in so far as any forced loan aspect is concerned, the UK Banks got pulled into the problem (like the global Banking system as a whole) in treating loans the US Banks were forced to make to people who could not afford them and subsequently defaulted on, as tradeable commodities.
Thats' the way I understood it, no doubt I'll be corrected by someone if its wrong.
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Muul Udonii
Minmatar THORN Syndicate Controlled Chaos
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Posted - 2010.10.05 18:27:00 -
[15]
Actually it isn't that loans and loan packages have gone bad, it's only that they are percieved to have gone bad.
This devalues the asset, which devalues the company because shareholders sell shares at lower and lower prices.
Very few people have actually lost any money.
On top of that the government isn't paying money; they are just guaranteeing loans; so that if the loans do go bad, the government will take a hit. But that's not really all that likely.
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