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newbee

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  1. Any answers appreciated We have loaned 37 billion to the banks. The share prices have now gone down big time, so our loan is now worth less. But what happens if a bank is nationalised like northern rock, where do we the tax payer stand when the share are worth nothing but the government (us) own the bank ???
  2. I have some knowledge of the financial goings on but one thing I have not been able to find anything about is where the shares in the banks purchased by GB (us) have come from. I understand that we have purchased large stakes in several banking companies to keep them afloat, but are the shares purchased as newly created, are they shares held by the banks as part of there own portfolio in there own company, or have we the public purchase shares from original share holders ( large institutions ect ). If the latter surely that means public money has been used to bail out some very rich people who otherwise would have lost large amounts of there fortune and if that is the case surley the public should be made aware of it and what the government has done in committing our future taxes to the rich few. Or have I got it all wrong ?
  3. Looks like 1/2 that now. (Reuters) - The following is a statement issued by U.S. House of Representatives Speaker Nancy Pelosi's office on changes to the Bush administration's $700 billion financial rescue plan request. Congressional leaders conducted a marathon negotiating session on Saturday before announcing they had a broad outline of a deal. Here is the statement issued early on Sunday: Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets -- including cutting in half the Administration's initial request for $700 billion and requiring Congressional review for any future commitment of taxpayers' funds. If the government loses money, the financial industry will pay back the taxpayers http://www.reuters.com/article/topNews/idU...ndChannel=10112
  4. (Reuters) - The following is a statement issued by U.S. House of Representatives Speaker Nancy Pelosi's office on changes to the Bush administration's $700 billion financial rescue plan request. Congressional leaders conducted a marathon negotiating session on Saturday before announcing they had a broad outline of a deal. Here is the statement issued early on Sunday: Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets -- including cutting in half the Administration's initial request for $700 billion and requiring Congressional review for any future commitment of taxpayers' funds. If the government loses money, the financial industry will pay back the taxpayers So will this help ????? http://www.reuters.com/article/topNews/idU...ndChannel=10112
  5. Any idears what the effect will be on us if only 1/2 bailout http://www.reuters.com/article/topNews/idU...mp;pageNumber=1
  6. There are always buyers, you just have to drop the price to attract them, We have droped several times and now have a buyer at 20% off first valuation. It a big drop but as others will eventualy come down and at least we are in a good position to buy again.
  7. Its not first hand but just been informed that the bosses visited a site in Tunbridge and sacked all bar polish workers. ????
  8. I wonder how long it will be before these companies go to the wall as well. Most try to buy at about 20% off value but if prices fall 30% and as some think 50% how will they reportage to get a good rate. Not increase rentals where they are tied in to tenant for minimum 1 year and if they do raise rent tenant may move.
  9. BRAVO to all bar post 2, yep tories to the rescue again.
  10. We the undersigned petition the Prime Minister to give all Ex Gurkha soldiers and their families who have served our country British citizenship on leaving the service. Submitted by Ross Pritchard – Deadline to sign up by: 26 November 2008 – Signatures: 19,442 http://petitions.pm.gov.uk/Gurkha-soldiers/
  11. just sent my letter to MP. going to email as many as possible to send similar to there own
  12. may be I am thick but if hbos can put together a rights issue and raise 12bln, why are the rest not doing the same. Surely this makes more sense than the BOE (us) bailing them all out with 50bln and the tax payer being put at risk. As far as I can see at this moment in time and NR added, the liability to the public is to high.
  13. This is from right move. The land is on offer with planning at £210K http://www.rightmove.co.uk/viewdetails-205...=1&tr_t=buy I know the property and it was sold late end last year sealed bids at £237K as a 2 bed bungalow. Property has been demolished, laid bear, planning gained for a loss of 17K +++++ Ha Ha Ha I wanted property for my family to live in
  14. I have to agrees to all bar magi, I love this country and was brought up in Brixton 60s so much of what you say regards family unit I agree, violence ect was not that prevalent then, or seemed so. But it was still hard for many, I remember my old mum looking for a 1/2 penny for fuel to heat 1 room even though dad was at work. Many things have got better but the gap between the have and have not’s has become bigger and unfortunately the have not’s want what the have's have. And so the have's give the have not’s cheap money to spend on credit and in the end the have not’s are worse off and the haves have more. My apologies for the original comment Henry Ford once said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".
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