Sunday, Jul 18, 2010
It's getting really mad
Greg Pytel: The world has gone boners
Bankers completely lost the sense of proportion and reality. They are lunatics.
Posted by ant @ 04:42 PM (1312 views) Add Comment
8 Comments
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1. titaniccaptain said...
The World has Gone "Boners"
Fnarr! Fnarr!.....Chortle Chortle!...who wrote this article? Finbarr Saunders....?
2. Will said...
A stiff dose of reality for JP Morgan!
3. Roybus said...
"Hard" times in the financial crisis. JP Morgan should be given a "stiff" fine if they "pull out" of the "erection" of their new headquarters. Ooh, head - geddit?
4. Stillthinking said...
Greg Pytel doesn't seem to hold out much hope that the UK banks will be able to function without the support of the BoE and will be unable to leave the special liquidity scheme. In which case, the government will have printed 850 billion, and the 200 billion for spending.
I keep trying to find some articles on the funding gap, or the withdrawal of this support, but I can never find any.
5. stillthinking said...
Greg Pytel doesn't seem to hold out much hope that the UK banks will be able to function without the support of the BoE and will be unable to leave the special liquidity scheme. In which case, the government will have printed 850 billion, and the 200 billion for spending.
I keep trying to find some articles on the funding gap, or the withdrawal of this support, but I can never find any.
6. Crunchy said...
2. stillthinking, the government will have to print? If only!
Recap-advantage featured
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8. mark wadsworth said...
@ Stillthinkin,g I would take that "funding gap" at face value. The CGS and SLS add up to about £400 billion, repayable starting from April 2011 over a couple of years. Only I bet the Lib-Cons conveniently forget to ask for the taxpayers' money back and just do extend and pretend.