Sunday, October 5, 2008

Financial – Hair of the dog

Brown: Banks will beat crunch

Gordon Brown last night pledged that no major bank across Europe would be allowed to go out of business because of the international financial crisis.

Posted by matt_the_hat @ 09:42 AM (586 views)
Please complete the required fields.



3 thoughts on “Financial – Hair of the dog

  • If trading is falling, business is looking tricky or a bad business plan is submitted, the banks won’t lend money.

    Now there is a new lender for weak schemes – yes, it’s Gordon Brown. Determined to be a saviour of middle England. No point worrying about getting the cash back – Gordon won’t be around then!

    I wonder if failing Buy to Let property schemes are included? Lots of MPs have “small businesses” like this.

    Reply
    Please complete the required fields.



  • But ordinary people can if it suits, and they will through no fault of their own!

    Reply
    Please complete the required fields.



  • ‘I want the message to go out of this meeting today that no sound, solvent bank should be allowed to fail for lack of liquidity’.

    Aren’t all banks effectively insolvent but for the ‘behind closed doors’ lending from the bank of England.

    The article goes on to say GB wants all the money released straight away – he would wouldn’t he.

    How this man doesn’t get linched when he turns up in Europe cap in hand is beyond me.

    I don’t know how he can look the others in the eye. I accept I’m not fully aware of foreign lending practices, but GB has sat and bragged to them all about his miracle economy for the last 10 years while they (most) have all been careful with their economies to the point of facing short periods of recession during the last 10 years.

    I’ve said before though that GB is in a position to and will push through anything to save his skin at our expense – and he will.

    Dangerous times.

    Reply
    Please complete the required fields.



Add a comment

  • 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

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>