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Second Bank Bail Out Looming Already


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So Darling is leaking to the press that they prepared to throw more money at the banks to get them lending!

WTF is going on!

Which is more likely?

He is trying to get banks lending again?

They have burned through the bailout money already and they do not want to admit it?I am sure with the U.S housing market falls speeding up and ours following that the banks are seeing some very nasty losses.The liabilities that these banks are holding are far bigger than this country can stomach and we are only starting to see job losses.

This all this has got me seriously worried. And I am sure when the money markets open on Monday we shall see the pound get another hammering.

Do they really think they can keep throwing money at the problem to make it better?FFS please can the UK government get a grip!

We are looking more and more Icelandic everyday :o

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So Darling is leaking to the press that they prepared to throw more money at the banks to get them lending!

WTF is going on!

Which is more likely?

He is trying to get banks lending again?

They have burned through the bailout money already and they do not want to admit it?I am sure with the U.S housing market falls speeding up and ours following that the banks are seeing some very nasty losses.The liabilities that these banks are holding are far bigger than this country can stomach and we are only starting to see job losses.

This all this has got me seriously worried. And I am sure when the money markets open on Monday we shall see the pound get another hammering.

Do they really think they can keep throwing money at the problem to make it better?FFS please can the UK government get a grip!

We are looking more and more Icelandic everyday :o

Hyperinflation and state failure.

They are thinking "****** you guys, I'm alright jack."

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So Darling is leaking to the press that they prepared to throw more money at the banks to get them lending!

WTF is going on!

Which is more likely?

He is trying to get banks lending again?

They have burned through the bailout money already and they do not want to admit it?I am sure with the U.S housing market falls speeding up and ours following that the banks are seeing some very nasty losses.The liabilities that these banks are holding are far bigger than this country can stomach and we are only starting to see job losses.

This all this has got me seriously worried. And I am sure when the money markets open on Monday we shall see the pound get another hammering.

Do they really think they can keep throwing money at the problem to make it better?FFS please can the UK government get a grip!

We are looking more and more Icelandic everyday :o

As I said elsewhere - the banks cannot get their balance sheets under control. Their old business model no longer works and they dont know what to do about it other than ask for more money.

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So Darling is leaking to the press that they prepared to throw more money at the banks to get them lending!

WTF is going on!

Which is more likely?

He is trying to get banks lending again?

They have burned through the bailout money already and they do not want to admit it?I am sure with the U.S housing market falls speeding up and ours following that the banks are seeing some very nasty losses.The liabilities that these banks are holding are far bigger than this country can stomach and we are only starting to see job losses.

This all this has got me seriously worried. And I am sure when the money markets open on Monday we shall see the pound get another hammering.

Do they really think they can keep throwing money at the problem to make it better?FFS please can the UK government get a grip!

We are looking more and more Icelandic everyday :o

Actually, they've not said there will be a bailout - only that they are considering it. Call me cynical, but they're only going to play another round of "I can spend more money bailing out my fraudulent banking system than you can, " if they think it'll buy more votes. The first bailout was all about plugging systemic collapse, and this is about political manouvering. There won't be threat of systemic collapse again for at least 4-6 months IMHO so get writting to your MP NOW! I have.

The last desperate attempts to buy favour of a government bereft of ideas. It's pathetic and may be incredibly expensive for all of us. This has gone past democratic process; it's time for a good ol' politic linching! I'll get the torches and mob - you get the MPs.

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Wish you were right but I think it is more likely that they are testing the idea on the money markets to see if they would stomach another bailout.

Brown does not give a **** about the country and is prepared to burn it down to get in at through the next election.

He should be hung for treason.

Edited by equitystasher
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Actually, they've not said there will be a bailout - only that they are considering it. Call me cynical, but they're only going to play another round of "I can spend more money bailing out my fraudulent banking system than you can, " if they think it'll buy more votes. The first bailout was all about plugging systemic collapse, and this is about political manouvering. There won't be threat of systemic collapse again for at least 4-6 months IMHO so get writting to your MP NOW! I have.

The last desperate attempts to buy favour of a government bereft of ideas. It's pathetic and may be incredibly expensive for all of us. This has gone past democratic process; it's time for a good ol' politic linching! I'll get the torches and mob - you get the MPs.

What do you base the 4-6 months on?

How do you know that they have not lost all the money already and are on the verge of collapse again? Darling would not come out and say "well everyone they have lost all your billions that you have borrowed and given to them and they want more so dig deeper"

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Everyone was warned Labour governments are Sh** goverments.

It always amazed me how when it came to the NHS, Education, unemployment etc the Labour government had 18 years of Tory mis-rule to undo but when it came to the economy they flicked a switch and everything was okay.

Its time to call time..........................

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What do you base the 4-6 months on?

How do you know that they have not lost all the money already and are on the verge of collapse again? Darling would not come out and say "well everyone they have lost all your billions that you have borrowed and given to them and they want more so dig deeper"

I feel things are quite close to collapse again. Nothing concrete behind it at the moment though.

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We are being buttered up for a second bail-out. Appears they spent the first 50 bill on loose women and pay per view porn or something like that?

No, they hung on to it. It was never intended to re-start lending (though that's what the government claims, perhaps they even believe it?) it was to plug holes in balance sheets and stop banks from collapsing.

This series of videos is worth watching for more info on the subject.

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How do you know that they have not lost all the money already and are on the verge of collapse again? Darling would not come out and say "well everyone they have lost all your billions that you have borrowed and given to them and they want more so dig deeper"

They won't have lost it per se, but the debt-chasm that necessitated the first bailout has got deeper (because asset values continued to fall and more people defaulted, causing further losses on pre-existing loans that the banks' balance sheets are not strong enough to absorb).

So now they want more money to be thrown into the chasm.

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