Tuesday, October 5, 2010

I predict the banking system will collapse next year.

No new bail-out for UK banks, says Chancellor George Osborne

In a report titled 'Where did our money go?', the NEF said Britain's major banks "may well be asking for another hand-out from the public purse in 2011"

Posted by devo @ 06:39 AM (1259 views)
Please complete the required fields.



3 thoughts on “I predict the banking system will collapse next year.

  • By responding to the NEF report, Osborne has painted himself into a corner. Damned if he bails the banksters out again, damned if he doesn’t.

    Reply
    Please complete the required fields.



  • I got kinda hopeful when I read the headline as I interpretted it as meaning “no more bank bailouts come what may.” Disappointed to then read the article, as Osborne was actually saying he didnt think there would be a need for more bailouts which is of course entirely different as I suspect the banks will come cap in hand soon enough.

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    I hope that George means what he says, but I also hope that he asks for all the hundreds of billions in soft loans and guarantees and so on to be repaid.

    AFAIAC, playing extend and pretend is tantamount to a new bail out.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>