Thursday, October 12, 2006
Brown ally backs record bank profits
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 (544 views)
4 thoughts on “Brown ally backs record bank profits”
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Retiredbanker says:
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).
sold 2 rent 1 says:
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
uncle chris says:
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.
Manjip says:
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.