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)
Add Comment
Report Article

4 Comments

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
 

Add comment

  • If you do not have an admin password leave the password field blank.
  • If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines
Username  
Admin Password
Email Address
Comments

Main Blog | Archive | Add Article | Blog Policies