Converted Lurker Posted April 20, 2008 Share Posted April 20, 2008 Anyone else find this headline (much repeated in versions in the press) repulsive? Alistair Darling plans unprecedented £50bn bank bailout Times Online - 49 minutes ago Alistair Darling is preparing to announce an unprecedented £50bn bailout of Britain's banking system in an effort to save the housing market from collapse http://business.timesonline.co.uk/tol/busi...icle3783516.ece Quote Link to comment Share on other sites More sharing options...
OLDFTB Posted April 20, 2008 Share Posted April 20, 2008 I find it misleading. Surely it should read "in an effort to save the banking system from collapse"? Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted April 20, 2008 Author Share Posted April 20, 2008 I find it misleading. Surely it should read "in an effort to save the banking system from collapse"? yep, misleading and repulsive in equal measures Quote Link to comment Share on other sites More sharing options...
IDN Posted April 20, 2008 Share Posted April 20, 2008 yep, misleading and repulsive in equal measures yep- i definitley find it repulsive- the ******* are going to do everything they can to prop the housing market and ensure more people are upto their eyeballs in debt- i seriously hope that the criminals running the show get everything that comes their way- they can rot in hell for all i care- after all they couldnt give a rats **** about me. :angry: Quote Link to comment Share on other sites More sharing options...
roger196 Posted April 20, 2008 Share Posted April 20, 2008 Anyone else find this headline (much repeated in versions in the press) repulsive? Alistair Darling plans unprecedented £50bn bank bailout Times Online - 49 minutes ago Whilst there is a good case for bailing out the banks, I most strongly object to the bailing out of the banks directors and their appalling greed. The bailout should be on the condition that all the directors give personal guarantees for the loans, just like the banks require directors of small and medium size limited companies. That there is a limit on salaries and bonuses to a maximum of £100k per year and that all share options are abandonned. That there are no further payment of dividends until the Bof E loans are repaid. That a realistic rate of interest is charged cf to credit card interest. That the banks are required to make rights issues in amounts determined by the B of E. Quote Link to comment Share on other sites More sharing options...
deus ex machina Posted April 20, 2008 Share Posted April 20, 2008 I think the correct headline should read " Bail out to ensure Labour poll success " for that is surely the only aim worth this absurd state intervention in the market. Laissez faire allows a restoration of equilibrium and economics related to true income. To prevent this natural mechanism is as stupid as it's criminal since no one will win save the banks who will be assured of a return on their money so profligately lent on the pyramid property scam. Stagnation is bound to follow but at a level that will further imprison people already crippled by debt and will probably lure others into the trap desparate not to lose out on a subsidised con. Let them die the natural way so that the next crop may be that bit stronger. Quote Link to comment Share on other sites More sharing options...
Errol Posted April 20, 2008 Share Posted April 20, 2008 I don't see that it has anything to do with house prices, frankly. Unless they are planning to increase wages by 2-3 times property prices will simply have to fall. Quote Link to comment Share on other sites More sharing options...
dubsie Posted April 20, 2008 Share Posted April 20, 2008 Do we get this money back? Quote Link to comment Share on other sites More sharing options...
Errol Posted April 20, 2008 Share Posted April 20, 2008 Do we get this money back? Muhaaaaaaaaaaaa!!! Quote Link to comment Share on other sites More sharing options...
narco Posted April 20, 2008 Share Posted April 20, 2008 (edited) Do we get this money back? Certainly. Should be easy enough to pay back with a few of these in a few years time. Although by then the currency notes will probably look more like this Edited April 20, 2008 by narco Quote Link to comment Share on other sites More sharing options...
Guest_chris c-t_* Posted April 20, 2008 Share Posted April 20, 2008 Certainly. Should be easy enough to pay back with a few of these in a few years time. love the image, narco. . big ben... surely it should be a mushroom cloud or something... who would be on the reverse?? helicopter darling?? Quote Link to comment Share on other sites More sharing options...
Greenstuff Posted April 20, 2008 Share Posted April 20, 2008 Alistair Darling is preparing to announce an unprecedented £50bn bailout of Britain's banking system in an effort to save the housing market from collapse Do you think it'll work? Quote Link to comment Share on other sites More sharing options...
narco Posted April 20, 2008 Share Posted April 20, 2008 (edited) love the image, narco. . big ben... surely it should be a mushroom cloud or something... who would be on the reverse?? helicopter darling?? LOL The back will have this printed on it. it's contained Edited April 20, 2008 by narco Quote Link to comment Share on other sites More sharing options...
D'artagnan Posted April 20, 2008 Share Posted April 20, 2008 Anyone else find this headline (much repeated in versions in the press) repulsive? Alistair Darling plans unprecedented £50bn bank bailout Times Online - 49 minutes ago Alistair Darling is preparing to announce an unprecedented £50bn bailout of Britain's banking system in an effort to save the housing market from collapse http://business.timesonline.co.uk/tol/busi...icle3783516.ece Truly repulsive. It's a shame (for badger) that it won't work :-) Quote Link to comment Share on other sites More sharing options...
moonriver Posted April 20, 2008 Share Posted April 20, 2008 I find it misleading. Surely it should read "in an effort to save the banking system from collapse"? Yes I agree, I too find it is totally misleading, and very annoying. But I guess he thinks it sounds better to the average voter, if they are led to believe his bailout is being done to help keep the price of their houses nice and high, and help make mortgages more available to them, rather than just helping the banks. Quote Link to comment Share on other sites More sharing options...
Waiting Patiently Posted April 20, 2008 Share Posted April 20, 2008 Alistair Darling is preparing to announce an unprecedented £50bn bailout of Britain's banking system in an effort to save the housing market from collapse This has nothing to do with "saving the housing market" though it is being spun as such by government and their shills in the media. This £50 billion, and whatever comes thereafter, is to enable the big banks to get the required capital back on their balance sheets and to survive the coming downturn gobbling up a few of the small fry along the way. The UK housing market is toast for the next few years at least. No amount of spin from Brown, Darling, and their cronies is going to save it now, though a few mugs may fall for their nonsense in the short term. Quote Link to comment Share on other sites More sharing options...
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