Scotch hands go ever deeper into English pockets
Robert Henderson
TELEGRAPH 4.11.09
1. 0 Every family in the country is now facing a tax liability of 0 to prop up Britain0 the biggest bail-out in history.
By Robert Winnett, Edmund Conway and Harry Wallop
The Chancellor confirmed that the Government would pump an extra
0 the only way to keep the business alive.
Taxpayers have poured a total of 0 the 0 that was set aside as insurance against further trouble in the future.
In total, the Government has put 0 the banks, including RBS, Lloyds and HBOS, since the start of the
financial crisis last year.
Note: Utterly mad. The taxpayer takes on heroically dangerous
obligations without exercising meaningful control over the banks, both
those they have a stake in and the rest who are hiding behind the
assurances of the British state. The only clean way of dealing with the
situation is to nationalise the lot, not just temporarily, but as a
matter of policy so that the state regains control of the money supply.
The nationalised banks would have to be placed under strict legally
enforceable restrictions on what they could do to prevent politicians
corrupting their behaviour for electoral advantage and to ensure the
extension of loans to business and individuals where it was objectively
reasonable to do so, for example, a mortgage based on 3 times earnings
with a 15% deposit.
Nationalising the banks would not mean that companies could not raise
money privately. They could do this through such vehicles as rights
issues and bonds. There would also be a place for private capital
lenders who took deposits and loaned out only the money deposited with
them. RH
--
Robert Henderson
Personal website: http://www.anywhere.demon.co.uk
MCP
"Robert Henderson" <phi...@anywhere.demon.co.uk> wrote in message
news:DfnBJZaT...@anywhere.demon.co.uk...
LMFAO what's with all the 0000000s, Rabbie you uneducated twat.
True Blue
"Robert Henderson" <phi...@anywhere.demon.co.uk> wrote in message
news:DfnBJZaT...@anywhere.demon.co.uk...
>
>
>
> 1. 0 Every family in the country is now facing a tax liability of 0 to
> prop up Britain0 the biggest bail-out in history.
>
> By Robert Winnett, Edmund Conway and Harry Wallop
>
> The Chancellor confirmed that the Government would pump an extra
> 0 the only way to keep the business alive.
>
> Taxpayers have poured a total of 0 the 0 that was set aside as insurance
> against further trouble in the future.
>
> In total, the Government has put 0 the banks, including RBS, Lloyds and
> HBOS, since the start of the
> financial crisis last year.
> Note: Utterly mad. The taxpayer takes on heroically dangerous
> obligations without exercising meaningful control over the banks, both
> those they have a stake in and the rest who are hiding behind the
> assurances of the British state. The only clean way of dealing with the
> situation is to nationalise the lot, not just temporarily, but as a
> matter of policy so that the state regains control of the money supply.
Barking.
GM
LOL - Robert's education limitations show once again.
GMc
naebad
wrote:
> TELEGRAPH 4.11.09
> 1. 0 Every family in the country is now facing a tax liability of 0 to prop up Britain0 the biggest bail-out in history.
>
> By Robert Winnett, Edmund Conway and Harry Wallop
>
> The Chancellor confirmed that the Government would pump an extra
> 0 the only way to keep the business alive.
>
> Taxpayers have poured a total of 0 the 0 that was set aside as insurance against further trouble in the future.
>
The benefits of an *nglish education no doubt! A total of 0 eh? wow!
You *nglish should be worried.
HardySpicer
wrote:
> TELEGRAPH 4.11.09
I think poof Hendarse wands Scotsh hands in his pockets?? You'd like
that wouldn't you?
Hardy
Robert Henderson
<gf010...@blueyonder.co.uk> writes
>> them. RH
>> --
>> Robert Henderson
>> Personal website: http://www.anywhere.demon.co.uk
>
>LMFAO what's with all the 0000000s, Rabbie you uneducated twat.
>
intact. Here it is again:
TELEGRAPH 4.11.09
1. �4,350 per family to bail out Britain's banks Every family in the
country is now facing a tax liability of ?4,350 to prop up Britain's
banking system after Alistair Darling announced the biggest bail-out in
history.
By Robert Winnett, Edmund Conway and Harry Wallop
The Chancellor confirmed that the Government would pump an extra �25.5
billion into Royal Bank of Scotland, and declared that it was the only
way to keep the business alive.
Taxpayers have poured a total of �53.5 billion into RBS, including the
?20 billion part-nationalisation last year and another �8 billion that
was set aside as insurance against further trouble in the future.
In total, the Government has put ?74 billion of taxpayers' money into
the banks, including RBS, Lloyds and HBOS, since the start of the
financial crisis last year.
The Conservatives claimed the latest bail-out equated to an extra tax
liability of �2,000 for every one of the 17 million families in the
country. This comes on top of the �2,350 to which every household is
already exposed as a result of previous attempts to prop up the
financial system.