Mortgage assets swapped for Government back bonds. Doesn't that translate into desperate debt for public money ?
The credit crunch is the reluctance of banks to lend to each other. Lend money that they already hold. They just want to charge more for it because they made a lot of discouraging loans.
Surely they made the loans, they were going to profit from them, and now that they've gone impossible, they should shoulder the losses. They're all still making massive profits.
Now, the banks, allied to reporters, are generating such horror stories that the government, (fearing see losses) are about to bail out the, (globally based) banks using our money.
Should the system of the people resist the strongarm tactics of these financial pirates and agree to them ride out the storm ?
Answers:
The majority of us voted this government in so we're getting what we asked for. I suppose at lowest they're trying.
But can you imagine a "socialist" government and especially one front by some one who claims to be a great economist, not meddling in affairs of a "free market".
They cant serve themselves just look at Northern Rock.
I also thought that banks be being condemned for lending money to smaller amount than crditworthy borrowers was a big problem.
So what does the BoE do. Lend money to less than creditworthy borrowers.
This a typical automatic, short term solution from a government that lacks any sort of substance and philosophy. This type of impulse will only store up even deeper trouble for the future.
the crooks are bailing out crooks!!
yes you got it in a nutshell. And no question asked when these brain dead politicians give our money the crooks!! no question asked!
we pay taxes, answer the tax man questions, we pay exorbitant edge rates, we give our money to the banks.
the crooks answer no question, nobody goes to prison for misuse of our money, on top the weak droopy politicians give them even more of our money!
WHERE DID THAT COME FROM? WHEN THERE'S NEVER ANY MONEY TO PAY FOR THE NHS...THAT'S WHAT I PAY MY TAXES FOR .
why aren't they in prison??
yes we can ride it, lately don't use my money on bent bankers. use it for what i paid it for....public services. Since when did the banks become public service??
Obviously the bankers person the crooks ....corruption....smell of favours and bribery. politicians, however thick, aren't that thick to dismiss favours and bribes.
yaap its power and bribes and we are individual screwed both ways by the shoddy devious bankers, and treacherous, corrupt politicians.
Yes, but that won't bother this government anymore than it would have bothered any Labour rule in the past.
The singular thing that is guaranteed with a Labour government within power is that spending will rocket and the likes of you and me will have to payment for it.
Money make the world go around.If it stops pumping 'round the system eventually we all suffer.Better to swap unpromising mortgage portfolios for Govt. bonds than re-open the soup kitchens.Frankly although there is sometimes not much in it I would fairly get my money out of a bank near some liquidity than my local People's Finance Commitee.
Yes and it pisses me off.
Economic cycles ebb and flow. This tampering by the rule with our money to bail out the idiots who bought houses at the top end of the flea market thus further fuelling the boom preventing first time buyers from getting on the ladder is tantamount to fraudulent use of public funds.
I for one hope this idea never get off the ground. Why should my taxpayers money be used to help keep hold of me from getting on the property ladder by propping up a market that NEEDS to be cooled. Source(s): What annoys me even more is that most nation out there dont have any TRUE knowledge of economics and they will just muse: Low interest rates is good. High interest rates is bad. Without giving any thought to the full consequences that respectively scenario has. The economy NEEDS correction and the governing body need to stay out of it and stop risking public funds in a bid to stay popular.
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Surely they made the loans, they were going to profit from them, and now that they've gone impossible, they should shoulder the losses. They're all still making massive profits.
Now, the banks, allied to reporters, are generating such horror stories that the government, (fearing see losses) are about to bail out the, (globally based) banks using our money.
Should the system of the people resist the strongarm tactics of these financial pirates and agree to them ride out the storm ?
Answers:
The majority of us voted this government in so we're getting what we asked for. I suppose at lowest they're trying.
But can you imagine a "socialist" government and especially one front by some one who claims to be a great economist, not meddling in affairs of a "free market".
They cant serve themselves just look at Northern Rock.
I also thought that banks be being condemned for lending money to smaller amount than crditworthy borrowers was a big problem.
So what does the BoE do. Lend money to less than creditworthy borrowers.
This a typical automatic, short term solution from a government that lacks any sort of substance and philosophy. This type of impulse will only store up even deeper trouble for the future.
the crooks are bailing out crooks!!
yes you got it in a nutshell. And no question asked when these brain dead politicians give our money the crooks!! no question asked!
we pay taxes, answer the tax man questions, we pay exorbitant edge rates, we give our money to the banks.
the crooks answer no question, nobody goes to prison for misuse of our money, on top the weak droopy politicians give them even more of our money!
WHERE DID THAT COME FROM? WHEN THERE'S NEVER ANY MONEY TO PAY FOR THE NHS...THAT'S WHAT I PAY MY TAXES FOR .
why aren't they in prison??
yes we can ride it, lately don't use my money on bent bankers. use it for what i paid it for....public services. Since when did the banks become public service??
Obviously the bankers person the crooks ....corruption....smell of favours and bribery. politicians, however thick, aren't that thick to dismiss favours and bribes.
yaap its power and bribes and we are individual screwed both ways by the shoddy devious bankers, and treacherous, corrupt politicians.
Yes, but that won't bother this government anymore than it would have bothered any Labour rule in the past.
The singular thing that is guaranteed with a Labour government within power is that spending will rocket and the likes of you and me will have to payment for it.
Money make the world go around.If it stops pumping 'round the system eventually we all suffer.Better to swap unpromising mortgage portfolios for Govt. bonds than re-open the soup kitchens.Frankly although there is sometimes not much in it I would fairly get my money out of a bank near some liquidity than my local People's Finance Commitee.
Yes and it pisses me off.
Economic cycles ebb and flow. This tampering by the rule with our money to bail out the idiots who bought houses at the top end of the flea market thus further fuelling the boom preventing first time buyers from getting on the ladder is tantamount to fraudulent use of public funds.
I for one hope this idea never get off the ground. Why should my taxpayers money be used to help keep hold of me from getting on the property ladder by propping up a market that NEEDS to be cooled. Source(s): What annoys me even more is that most nation out there dont have any TRUE knowledge of economics and they will just muse: Low interest rates is good. High interest rates is bad. Without giving any thought to the full consequences that respectively scenario has. The economy NEEDS correction and the governing body need to stay out of it and stop risking public funds in a bid to stay popular.
Related Questions: