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Original poster

Hands up who's cynical about Gordy's new aid package for the banks?

102 replies

MrsThierryHenry · 07/10/2008 22:45

here

Not so much that it won't do the trick, but that he's so far been woefully incompetent when it comes to helping Joe & Josephina Bloggs, but now that the banks are in trouble it's a different story?

Ohhhh, I think I'm probably rehashing an old thread from a couple of weeks ago. Age is clearly wearing my brain down to nowt.

OP posts:
Piffle · 07/10/2008 22:49

it's only nationalising a portion to protect investors and industry.
Too early to be cynical as exact details are still unknown

NoBiggy · 07/10/2008 22:49

The thing that gets me, it's like offering more and more delectable titbits before a very demanding and capricious child. If the markets decide they like it, there will be much rejoicing (for half a day or so), if not, they'll all get into a flap and everyone's money disappears into space or something.

TheCrackFox · 07/10/2008 22:50

They just seem to be throwing cash around. Might have been nice to ask us first before spending our great-grand-childrens' future earnings.

Original poster
MrsThierryHenry · 07/10/2008 22:50

Oh, Piffle! Don't be so intelligent. I want to be cynical, and I will stamp my feet until I have my way! (sound like a 'market' somewhere near you?)

OP posts:
LadyMuck · 07/10/2008 22:50

Well looking at the US markets today I'm not sure that £50bn is going to do it.

Quattrocento · 07/10/2008 22:54

Agree with LM. £50bn of preferred convertible loan stock ain't gonna do it.

And besides funding, what the whole effing industry needs is some better bleeding REGULATION.

Original poster
MrsThierryHenry · 07/10/2008 22:55

Aren't city boys just chavs in more expensive suits?

OP posts:
LadyMuck · 07/10/2008 22:56

They were in the 80s, but nowadays quite a few are geeky mathematicians.

avenanap · 07/10/2008 22:58

I see, so, we pay the banks via interest, charges etc, the banks blow all of the money and we are expected to pay them more money though our taxes! Right! I wonder how much the chairmen's bonuses will be this year.

Tinker · 07/10/2008 22:59

The Nordic model blah blah blah banks turned around in 2 years

AuraofDora · 07/10/2008 22:59

lolorama its only nationalising a portion..piffle!

these are the guys who sang the praises of the free market (and of course reaped the receipts of it too)!
and never felt the need to regulate, who allowed short selling and had in place a toothless fsa

it feels like good money after bad,
teh confidence in the system has gone and no matter how much money is fed into it now, its no guarantee that banks will lend to us, or each other

its ultimately scary times, hang on to your hat folks......

Original poster
MrsThierryHenry · 07/10/2008 23:00

Is there an off-shore account somewhere that's safe to deposit my £12.92 in savings? I don't want to be caught short when the shit hits the fan!

OP posts:
avenanap · 07/10/2008 23:02

I'd put it under your matress if I were you. This is the safest place at the moment.

LadyMuck · 07/10/2008 23:02

I hear that some Icelandic banks are offering amazing interest rates...

AuraofDora · 07/10/2008 23:06

leave the chavs alone! they are harmless in comparison!!

they dont get to gamble with your everyones future like these city types have done...

Original poster
MrsThierryHenry · 07/10/2008 23:09

Actually Aura, some of my best friends are chavs.

OP posts:
daffodill6 · 07/10/2008 23:09

End result.... The Darling's got to pay for it somehow... either higher taxes or less public spending. So guess whos going to get higher inocome tax, vat etc AND higher council tax!!!!

avenanap · 07/10/2008 23:11

Not the chairmen then?

noddyholder · 07/10/2008 23:16

It will do nothing for Mr Average who wants a mortgage etc.And while they are talking about reducing interest rates to pacify everyone surely they will have to raise them and taxes to pay for this fiasco.

Original poster
MrsThierryHenry · 07/10/2008 23:19

I think all the chairmen should be sacked and replaced with the longest standing members of MN. They may not know anything about how to run a bank successfully...but then look how good a job their predecessors have done!

OP posts:
avenanap · 07/10/2008 23:22

I would shut them all down, the government should take the money and set up their own, national bank. The houses that are currently being repossessed can be rented out as social housing. The chairmen and senior staff who thought they were going to make a packet out of vulnerable people shouldn't get a penny.

Original poster
MrsThierryHenry · 07/10/2008 23:24

Can we have a guillotine or something for the heads of the banks?

hahahahahahahahahahahahahahahaha! Not usually witty this late at night!

OP posts:
avenanap · 07/10/2008 23:27

PMSL! They chop the hands of thief's in Saudi Arabia.

Original poster
MrsThierryHenry · 07/10/2008 23:30

That's it! Gordy's 'care package' for banks:

  • £50bn smackerooneys of hard-earned taxpayers dosh
  • public lashing of heads of banks and senior staff (1 lash for every billion as above) (okay, we didn't strictly agree this but I think you'll find it's the right thing to do)
  • chopping off their thieving little hands, followed by
  • beheading, French-style

I like it. A lot. Reckon the voting public will be placated?

OP posts:
avenanap · 07/10/2008 23:34

Oh yes. Once they realise they have all been screwed over yet again!

I wouldn't give the bastards a penny though. I'd stick it into Northern Rock (because it was nationalised), then get the whole country to change their bank. I would leave the other banks to just sink. Then drag them through the streets so all of those customers who have been charged for going overdrawn, paid excessive interest or have had their lives ruined by the bank can throw rotten food at them, then lash them, chop their hands off and behead the fat cats.

Justice MN style.