Thursday, February 5, 2009
Come and get youyr ‘free’ money – While stocks last
More news about the Keynesian nightmare unfolding before our eyes. "Lloyds Banking Group, now 43 per cent owned by the taxpayer and also the owner of C&G, said that there was a zero floor to the deal and that because its computer systems could not cope with zero, it would be temporarily charging 0.001 per cent, or 8p a month for a borrower with a £100,000 mortgage. However, that money will be refunded." - Now correct me if I'm wrong but HBOS (halifax - now part of the lloyds tsb group) who announced today that house prices had 'risen' buy 1.9% in a month is also almost half owned by the government, whereas the Nationwide (1.3% fall in the same month) isn't. Curiouser and curiouser !