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The Masked Tulip

Can Mervyn King's Billions Shore Up The Banks?

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The banks can cut their gorged bubble level bonuses.

The banks can cut their bubble level salaries.

The banks can sell off assets that are non core.

The banks can sell of land/property and other investments.

The banks can scale back their dividends.

The banks can issue shares like every other business has to raise money - faced with financial problems or going to the very same banks for funding at punitive rates.

The banks can scrub their lucrative share options until such time as they can run their business properly.

The banks can cut back on expenses.

The banks can cut back on jollies, corporate events, wasteful sponsorship and advertising.

The banks can cut staff and become more efficient.

The banks can scale back pension provisions and shift their staff to contributory pensions.

I see very little sign that the banks have done ANY of the above in any great measure.

No, they bleat and they get the BOE and taxpayer to bail them out. These pigs expect to be able to run their businesses on totally different lines to every other type of business from the smallest to the largest in the country. They wanted laissez faire and they got it, now go and do what everyone else has to and act responsibly and play by the rules that everyone else has to, if you can't do that you should not be in businesses.

Edited by OnlyMe

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http://business.timesonline.co.uk/tol/busi...icle3628811.ece

..../

Mr King highlighted his concern over deteriorating financial conditions when
he conceded for the first time that the economy faced a full-blown credit crunch
. Until now, he had avoided using that term, but yesterday he emphasised that “across the world, confidence in financial markets is fragile”.

Denial is no more.

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The banks can cut their gorged bubble level bonuses. [etc.]

I see very little sign that the banks have done ANY of the above in any great measure.

No, they bleat and they get the BOE and taxpayer to bail them out. These pigs expect to be able to run their businesses on totally different lines to every other type of business from the smallest to the largest in the country. They wanted laissez faire and they got it, now go and do what everyone else has to and act responsibly and play by the rules that everyone else has to, if you can't do that you should not be in businesses.

So right OnlyMe, so right........

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If the BoE agrees to buy unsellable MBSs, why didn't they agree to buy up stocks of unsold Rover cars in 2005? 'Cos it's the same ******ing thing :angry:

Hmmm.....chavved up Rover 45 (with some cod-MG badge) or a chunk of sub-prime MBS? It's not an easy one to call.

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If I was a banker I would want a portion of all tax paid directly to me rather than have the Bank of England as a middleman. Why should they get a cut? It's just not fair. Now they can't rip people of with sub prime mortgages and overdraft charges how are they going to afford their bubbly?

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The banks can cut their gorged bubble level bonuses.

The banks can cut their bubble level salaries.

The banks can sell off assets that are non core.

The banks can sell of land/property and other investments.

The banks can scale back their dividends.

The banks can issue shares like every other business has to raise money - faced with financial problems or going to the very same banks for funding at punitive rates.

The banks can scrub their lucrative share options until such time as they can run their business properly.

The banks can cut back on expenses.

The banks can cut back on jollies, corporate events, wasteful sponsorship and advertising.

The banks can cut staff and become more efficient.

The banks can scale back pension provisions and shift their staff to contributory pensions.

I see very little sign that the banks have done ANY of the above in any great measure.

No, they bleat and they get the BOE and taxpayer to bail them out. These pigs expect to be able to run their businesses on totally different lines to every other type of business from the smallest to the largest in the country. They wanted laissez faire and they got it, now go and do what everyone else has to and act responsibly and play by the rules that everyone else has to, if you can't do that you should not be in businesses.

Agreed entirely with all of that.

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The banks expect us to be serfs to their economic system. Life long debt slaves to push up their profits. Its only natural that they expect the taxpayer to contribute directly when their bets go wrong, 'cause in the good times we still contribute taxpayers money via interest payments on Govt debt.

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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