Tuesday, October 7, 2008

Roughly £2250 per household for the banks by my estimate

Banks set to agree £50bn package

UK banks are set to agree a £50bn injection of taypayers' money under a bold plan to resolve the crisis in credit markets. Banking chiefs were this evening due to meet the Prime Minister to discuss the proposals, scheduled to be announced tomorrow morning, but subject to seeing the detail, are understood to have already agreed to be supportive. The plan could mean substantial dilution for some shareholders.

Posted by quiet guy @ 09:32 PM (964 views)
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7 thoughts on “Roughly £2250 per household for the banks by my estimate

  • Yes titaniccaptain that statement is so to the point ! Looks like those that they have decided will fail are being hung out to dry. What’s next ? Hey but hang on ! Peter Jones from The Dragons Den on Breakfast this morning said everything was fine and dandy.. Oh I like the BBC,it’s so balanced.

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  • Why bother with banks. Why don’t the gummint cut out the middle man and just lend the money direct to those individuals and companies that need a loan!!!

    There is an upside to all this – have you noticed that there is a complete lack of those loan ads on the telly. You know, the ones from ‘Sea of finance’ or ‘Ocean of money’ where some undeserving CCJ candidate who hasn’t a hope of paying the loan back just ‘gives ’em a try’ and succeeds in getting one, even having ‘enough money left over afterwards for a holiday’.

    Is it really any wonder that the banks are in this mess after all the dodgy lending. Unforeseen my @rse!

    Hang on, it’s we taxpayers that are in the mess – I bet we even end up paying for that blokes holiday.

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  • Crash Gordon: Baldrick, I have a very, very, very cunning plan.
    Baldrick: Is it as cunning as a fox what used to be Professor of Cunning at Oxford University but has moved on and is now working for the U.N. at the High Commission of International Cunning Planning?
    Crash Gordon: Yes it is.
    Baldrick: Hmm… that’s cunning.

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  • So cunning you could pin a tail on it and call it a fox.

    Just be careful how you pin it on as it might just burst.

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  • Planning4acrash says:

    Did anybody fancy asking me before my last 2k was spent for nepotism and to inflate the price of my groceries by 2k?

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  • mark wadsworth says:

    The whole thing is sickening, it can’t possibly “work”.

    It appears that I left it a bit too late to start campaigning for fully private, market solution – in other words debt-for-equity-swaps.

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  • Eternal Sceptic says:

    I would feel a lot happier about the banks being bailed out by the government if I could see the heads of a few bloated financial whizzkids rolling down threadneedle street
    There are many people who have made obscene bonuses from the manipulation of bundled up garbage, who instigated this bubble. As yet it is only the poor huddled low and middle income taxpayers who are getting royally shafted. Is this the modern face of democracy?

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