Thursday, September 20, 2007

You can run but you can’t hide!

Taxpayer fury at troubled bank’s vow to pay dividend

NR losses will eventually be picked up by taxpayers, who have thus become "shareholders". Nice problem for Gordon. For how long can the man in n.10 hide the current crisis. See previous posting on Pound slide for hints.

Posted by confused76 @ 10:16 AM (681 views)
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4 thoughts on “You can run but you can’t hide!

  • If they had gone into liquidation, would the shareholders still get that dividend payment? This should be criminal!

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  • This is disgusting.

    To the point that I had difficulty writing that sentence without swearwords.

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  • This is what happens when the shareholder is King – they CANNOT be denied their profits.
    Guys, this happens EVERY DAY in the form of government subsidies and tax loopholes (and the genius of PFI) – every single shareholder in every single company in the UK is in some way taking a cut of our taxes.

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  • The bank of England has guaranteed their solvency so that they can do what they wish. I often pay myself well for my services, but always in gold.

    I rather think private Swiss bank accounts are a good idea.

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