Sunday, January 18, 2009

Another £200 Billion Bailout Finalised

Government finalises second bank bailout

The government is poised to guarantee "toxic debt" worth up to 200 billion pounds in a second bank bailout designed to boost lending and fend off a prolonged recession triggered by the worst economic turmoil in 70 years. Just think of the future tax implications to Joe Public.

Posted by jj @ 05:49 PM (627 views)
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One thought on “Another £200 Billion Bailout Finalised

  • No! NO ! NO !

    Why is there not somebody making a stand against this nonsense?

    There seems to be the general belief that this is the only way to save the economy / world (sic) etc etc….. What needs to happen is that those that have benefitted (from questionable practices) should “contribute” all the ill-gotten gains back! Honest Joe Public should not be subsidising questionable / immoral redistribution of wealth

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