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Carillion in Crisis

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6 hours ago, winkie said:

The correct way would be to allow them to fail......else make so called capitalism a laughing stock.....the warnings were there. The work still needs to be done, so the jobs will continue using better business, better ways of doing things.;)

Looksl ike cpaitlaism is back. No more of Browns no more boom or bust; free money for all.

Or the UK has run out of money ..

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7 minutes ago, TheCountOfNowhere said:

Straight for liquidation,...no administration ?

 

I wonder when the execs will be repaying their massive salaries and bonuses ?

You're a great comedian

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4 minutes ago, GrizzlyDave said:

soft cuddly brexit for the bankers.

It's the Tory way.

There will be plenty of money for their friends in the legal profession from the torrent of soon to be announced inquiries into the collapse.

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17 minutes ago, frederico said:

More great lending decisions made by our finest bankers

They were the future in 1987. UK would have beenbankers to the world.

UK children would dream of being clerks....

Where the fux did it all go wrong?

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1 minute ago, spyguy said:

They were the future in 1987. UK would have beenbankers to the world.

UK children would dream of being clerks....

Where the fux did it all go wrong?

The proceeds of growth inadequately taxed an shared with the rest of the UK.

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5 minutes ago, spyguy said:

They were the future in 1987. UK would have beenbankers to the world.

UK children would dream of being clerks....

Where the fux did it all go wrong?

....... Security...... property?..... governments?.......SMEs no security no lending.;)

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1 minute ago, winkie said:

....... Security...... property?..... governments?.......SMEs no security no lending.;)

I thought it was extreme leverage and not enough due diligence ...

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1 minute ago, spyguy said:

I thought it was extreme leverage and not enough due diligence ...

Maybe thought they would have back-up .....at some point something has to break......why should there be safety in size......size shouldn't matter the rules are the same..... quality not security.;)

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1 minute ago, winkie said:

Maybe thought they would have back-up .....at some point something has to break......why should there be safety in size......size shouldn't matter the rules are the same..... quality not security.;)

 

5 minutes ago, winkie said:

Maybe thought they would have back-up .....at some point something has to break......why should there be safety in size......size shouldn't matter the rules are the same..... quality not security.;)

TbTF?

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Is the loan from RBS in the good bank or the bad bank?

Presumably more fencing can be found to extend ring fencing if it needs to be moved from the good bank to the bad bank. And they can get an estimate from Carillion to erect it.

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They've actually let it go into direct liquidation. One wonders if they had huge amounts of skeletons to bury to avoid administration and some KPNG cowlick coming across the bodies. 

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1 hour ago, GrizzlyDave said:

 

TbTF?

......both winners and losers.....all those that shorted it? those that were rewarded for failure?......those with first hands on the cash before the cash flow turned into >120 days?.......would think contracts to more smaller well run firms, spreading the risk, better that two or three big ones who can fail, meaning less people then affected by a bad business model.;)

Edited by winkie

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