Monday, Oct 12, 2009


Digital Journal: U.K. Government to Raise Billions of Pounds Through Asset Sale

If the problems in the financial sector are due to debt encumbered entities attempting to deleverage at the same time, causing a collapse in prices, then how can the UK government as an asset seller possibly benefit the wider financial community. That the government are playing exactly the same deleveraging game seems a bit absurd. Any money the government raises from selling UK publicly owned assets of necessity comes out of prices elsewhere, you can't spend the same money twice after all. Given the gov. is currently guaranteeing the prices of the other assets, it is hard to see how there is any net beneficial effect. Maybe the UK government finally realises that they are in even more trouble than the insolvent banks are. A dash for cash isn't much of an example to set.....

Posted by stillthinking @ 02:45 PM (896 views)
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1. stillthinking said...

In addition, Brown has pre-announced he definitely will be selling, and literally the whole world knows he is desperate for money.

What kind of price are we going to get? This is like gold all over again.

Monday, October 12, 2009 03:07PM Report Comment

2. crunchy said...

The future's bright, the futures Brown he's now selling off Britian as we go down.

Trust in him to get the best deal, just like our gold reserves he sold at a steal.

The Japanese phones are ringing again, and again.

It's Brown on the end he's becoming a pain.

Tell him we will ring back, but we dont know when.

Thank God we sold out of pounds and topped up on Yen.

Monday, October 12, 2009 04:02PM Report Comment

3. Benthebuilder said...

What the hell else can this arsehole sell. Gold gone for peanuts. Now its some more infrastructure.
Crown jewels should raise a few quid. Sure the Saudi royal family would love to redecorate Buckingham palace.
How about the Goldman Sachs Expressway...formerly the M6.

The general election really can't come soon enough.

Monday, October 12, 2009 09:21PM Report Comment

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