To be born British is to win 1ST place in the lotto of life

[Mega]

..........NOT!
http://www.telegraph.co.uk/finance/n...ins-banks.html

Mike

[hayekvindicated]

Re: To be born British is to win 1ST place in the lotto of life

..........NOT!
http://www.telegraph.co.uk/finance/n...ins-banks.html

Mike

Mike, you really have a sardonic sense of humour. It reminds me of the black humour in one of Sergio Leone's spaghetti westerns when something horrible and yet utterly comical occurs at the same time.

[AC3]

Re: To be born British is to win 1ST place in the lotto of life

“At the end of the day, banks will be paying money to the British public, not the other way round.”

....for a period of 25 years, and at a healthy rate of interest."

[KGW]

Re: To be born British is to win 1ST place in the lotto of life

Gee, Mike, you must have missed this part:

Mr Brown said that the vast sums would be returned. “I believe at the end of the day the Government will recoup all its money from the banks, and possibly make a profit from what it has done,” he said.
“At the end of the day, banks will be paying money to the British public, not the other way round.”

[GRG55]

Re: To be born British is to win 1ST place in the lotto of life

..........NOT!
http://www.telegraph.co.uk/finance/n...ins-banks.html

Mike

...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...

Let's see now...Sir Fred Goodwin has to devote a whole 1.3% of his now reduced annual pension in order to pay his £4,350.

Never has failure been rewarded so handsomely...

[thunderdownunder]

Re: To be born British is to win 1ST place in the lotto of life

"At the end of the day, banks will be paying money to the British public, not the other way round.”

Bwahahahahaha - That's 'Foot in Mouth disease' that's terminally funny.

It was written by WALLOP CONway and WIN et - Bwahahahaha

[e_goldstein]

Re: To be born British is to win 1ST place in the lotto of life

Gee, Mike, you must have missed this part:

Mr Brown said that the vast sums would be returned. “I believe at the end of the day the Government will recoup all its money from the banks, and possibly make a profit from what it has done,” he said.
“At the end of the day, banks will be paying money to the British public, not the other way round.”

"At the end of the day..." Is that another way of saying "in the long term we are all dead?"

[Kcim67]

Re: To be born British is to win 1ST place in the lotto of life

:mad: I fail to see the point of this thread! I do not believe for one second that GB wants to reward the bankers for failure, nor do i believe that the british government is anywhere near as corrupt as our cousins across the atlantic. the problem for any leftist party is to try and walk the tight rope of appeasing the narrow self interest right wing media and maintaining enough credibility with its own natural voters to maintain a so called majority.
it has been this pandering to media manipulated public opinion that has lead us all into this sorry state of affairs we find ourselves in, our crazy 2 party system power or opposition (nothing) is seriously undermining any rational debate about how we should be proceeding and how we are going to face the massive changes that we are about to face in the next 50 years, i ain't talkin climate change but 85 million barrels a day ain't continuing indefinitely!
grow up people, show some leadership use those God given talents, your intelligence / rationality to broaden the debate, to enlighten people and to help them see through the ever present Mist created by big business far more terrifying than anything you'll ever see from Stephen King!

[metalman]

Re: To be born British is to win 1ST place in the lotto of life

:mad: nor do i believe that the british government is anywhere near as corrupt as our cousins across the atlantic.

as a contest, i'd agree... the usa is lapping the uk. both remain far behind nigeria but are catching up fast.

[thunderdownunder]

Re: To be born British is to win 1ST place in the lotto of life

This thread is just a pixel of the big picture. Read iTulip to get a combined view of the pixels that make up the entire snapshot. It will tell how we got here (Nixon 1971-2) and where we are going. The whole site is very educational and not at all Doomerish.
Look, we are all Scared of the future outcomes but some take a decision to do something about what they see unfolding.Warren Buffet brought a Railway because he saw and acted on what you have seen (and for other $ reasons). You and I can't do that but we can take a position alone similar lines. That why the site exists - think of it as lighthouse in foul weather. Steer you own ship (no matter the size) away from the dangers highlighted by this site.
Mega is our eyes and ears in Old Blighty and , it would appear, does not suffer fools gladly. He sees stupidity and calls it as such. He is not in a position to kick parliamentary ass (much as he would be most excellent at it) so he grinds out on the sado-sarcasm to keep himself sane.
Knowledge is - Know where you are, Know where your going and know how your going to get there.
Metalmens post above shows just how highly intelligent and talented are some of the hardliners. Pointed Sarcasm is just one of the services he offers for free. Its never boring around here.

[GRG55]

Re: To be born British is to win 1ST place in the lotto of life

:mad: I fail to see the point of this thread!...

Well, speaking only for myself, I'm just using this thread to once again poke fun at my former Imperial masters...;)

I do not believe for one second that GB wants to reward the bankers for failure, nor do i believe that the british government is anywhere near as corrupt as our cousins across the atlantic. the problem for any leftist party is to try and walk the tight rope of appeasing the narrow self interest right wing media and maintaining enough credibility with its own natural voters to maintain a so called majority...

We all have our own belief systems. In this case mine is at odds with yours, and I'll note:

1. Although the government may not "want to" reward bankers for failure, that's exactly what they have allowed. Every banker that drove their firm into the ground, and wiped out their shareholders, has been richly rewarded for their idiocy. For example, what on earth was the Board of Lloyds thinking in September 2008 taking on HBOS in the midst of a full blown financial crisis that exploded in the UK a full year earlier with the run on Northern Rock [which Lloyds had also expressed interest in acquiring]? Anybody with one functioning brain cell could figure out the risk/reward made no sense, and now Lloyds is using the "who could have known" excuse.
2. Not as corrupt as the USA? Perhaps, but coming back to Lloyds/HBOS, will we ever really know what Gordon Brown told Sir Victor Bank [former Lloyds Chairman] over dinner at Chequers to persuade Bank to support the acquisition of HBOS? What about the government's over-riding the powers of the Office of Fair Trading and Competition Commission to make sure the deal went though? How about telling the British people that neither Treasury or the Bank of England would be involved thereby claiming, falsely it turns out, that no taxpayer money would be put at risk? Yes, perhaps they are just naive and not corrupt...:rolleyes:
3. So do you think the "leftist party" has been successful "appeasing the narrow self interest right wing media and maintaining enough credibility with its own natural voters to maintain a so called majority"? I don't. We'll see at the next election, I suppose.

it has been this pandering to media manipulated public opinion that has lead us all into this sorry state of affairs we find ourselves in, our crazy 2 party system power or opposition (nothing) is seriously undermining any rational debate about how we should be proceeding and how we are going to face the massive changes that we are about to face in the next 50 years, i ain't talkin climate change but 85 million barrels a day ain't continuing indefinitely!
grow up people, show some leadership use those God given talents, your intelligence / rationality to broaden the debate, to enlighten people and to help them see through the ever present Mist created by big business far more terrifying than anything you'll ever see from Stephen King!

It has been a complete abdication of critical thinking on the part of too many Reality-TV addled citizens, combined with an extraordinary decline in our willingness to hold any of our public officials and leaders [including our business leaders] accountable for either their behaviour or the consequences of same, that has led us to this point. The amazing thing is we keep rationalizing why we either can't change it, or why we don't need to change anything.

Despite the lamenting on some other threads on this site, I have a strong belief that Americans will, in the fullness of time, take back their Republic. History is on their side in this regard.

The UK? I think you're screwed. You've allowed yourselves the comfort of the nanny state to such a degree, and for such a long time, that you are now prisoners of your own folly. However, I will allow that the reports about mobs attacking the home of Sir Fred Goodwin sounded much like the stories of the attacks on the London home of the Duke of Wellington when Arthur Wellesley opposed the introduction of parliamentary reform, declaring he could not imagine any need for improvement of the then existing system. So maybe there's hope for the Mother Country yet...