Adebayor's started so well for Man City
Adebayor's started so well for Man City
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Scotland v Macedonia
Fri 25 Sep, 10.55
Formula 1
1st Practice - Singapore
Formula 1
1st Practice - Singapore
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Northern Rock....
When banks make huge profits, and customers like me complain, they tell us that such profits are justified because of the risks they take.
Surely, now that they on longer have to worry about the risks, thanks to Mr. Darling and Mr. Brown, they should pass-on most of those huge profits to the customers?
They will be robbing us if they don't
Right-wing economists and politicians tell us the free market is a perfect mechanism and governments should never interfere. When this perfect mechanism fails lo and behold the taxpayer has to bail them out. Seems to be a certain lack of consistency here.
I bank with ABBEY bank, a Spanish owned bank.
If ABBEY get into difficulties, MAY the UK Government bail it out/ nationalise it, and WOULD it do so?
The law did not allow the government to nationalise NR as soon as its problem emerged because it was not bankrupt so its shareholders still had rights. While the government could have forced NR into bankruptcy by not guaranteeing its deposits, the remaining depositors would have then gone to the back of the queue of creditors, and been unable to withdraw their money. This would probably have resulted in the bank run spreading, say to Bradford and Bingley. The biggest problem was the bankruptcy law as it applies to banks. In the circumstances, the government probably did a reasonable job, but an immediate priority should be to amend this law.
How refreshing to hear a man who know what he is talking about Mr Bracknall has experience and states its best option all this scaremongering about nationalistaion is crazy the situation occurred trough no fault of the government and it is now puutting things right in the best way for country whats wrong with that let us gat the profits rather than richard branson
Am I the only one who has grown tiresome of the incessant, bitter whining of NR shareholders?
If I go down the bookies and stick a tenner on the favourite in the 3.30 at Haydock and it comes in last, do I expect the gov't to bail me out because John McCririck said it couldn't lose??
Of course not, and buying shares is no different. It's a gamble, and as such you can lose money. If your not prepared to take the risk, stick your money in a savings account.
I also wonder how many of these shareholders who now permeate our airwaves with their sour bleating ever actually bothered to go to an AGM or read the companies accounts and ensure that the directors of NR were looking after their investment wisely??