Thursday, Oct 12, 2006

Brown ally backs record bank profits

Financial Times: Brown ally backs record bank profits

As long as banks can make money like this who cares about inflation?

Posted by 2007 turnaround @ 01:37 AM (501 views)
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1. Retiredbanker said...

Personally I am all in favour of large bank profits ( not that I would be in anyway influenced by thoughts
of the future security of my index-linked pension which has risen by 45% in 13years of retirement).

Thursday, October 12, 2006 09:41AM Report Comment

2. sold 2 rent 1 said...

I agree. I think a windfall tax would be a bad idea.

The banks will need to have huge reserves when the recession hits to cover their losses

A windfall tax would increase the likelihood of them not surviving the downturn

Thursday, October 12, 2006 09:59AM Report Comment

3. uncle chris said...

Retired Banker - spare a thought for the younger generation when you look down from the lofty heights of your comfortable retirement. Massive student loans/overdrafts just to survive and currently no hope of ever affording a place to live or saving for a pension. I'm sure many are starting to think what's the point, and if you lose the younger generation to apathy, bitterness and hatre - then who looks after the elders.

Thursday, October 12, 2006 11:30AM Report Comment

4. Manjip said...

Uncle Chris, I am already thinking whats the point, being told I must buy a house, I must get a pension and that I also belong to the WANT, WANT, WANT culture. Well to be quite honest I have gone self employed I pay myself the minimum wage so I pay less tax and NI and I have never been better off screw the older generation they have been greedy and caused this bubble I hope they live in pension poverty when the poo hits the fan.

Thursday, October 12, 2006 11:55AM Report Comment

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