Sunday, February 1, 2009

Government considers ‘play money’ bank

Government mulls 'People's Bank'

The government is considering creating a so-called 'peoples bank' so they can stimulate lending, as although they have lent the banks about £50 billion of our money and counting, they still won't lend us any of it. The government also wants to start printing money, and knowing that the banks will only take it from them without still lending any of this 'new' money to us, they think that having their own bank, will make the pill of 'quantitative easing' a bit easier to swallow. Reminds me you of being at infant school and playing shop with Maureen O'Rafferty! Of course 'Lord' Mandelson didn't put it as succintly as that, because he is a cunning stunt, whereas I am a shining wit.

Posted by shining wit @ 09:32 PM (647 views)
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3 thoughts on “Government considers ‘play money’ bank

  • “If we get our way, you will lose, if you get your way, we will win.”

    That’s the basic message from Loan Liar Mandelson.

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  • watchingthewheels2 says:

    Don’t you just love the French,the last time we saw anything like this was in the days of Arthur Scargill and the Poll Tax riots.Vive le Revolution,”we’re sick of working for nothing,why don’t you give ’em what they really own”- John Lennon-Power to the People-released 1969.

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  • watchingthewheels2 says:

    whoops…….wrong comment to wrong article….sorry.

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