Government are pumping £50bn+ of tax payers money into the "banking system" (also known as city bonuses).
Although as taxpayers we are totally ruined, as property speculators, we should be in for massive house price rises!
Or as Money Week puts is
Although as taxpayers we are totally ruined, as property speculators, we should be in for massive house price rises!
Or as Money Week puts is
It’s the moment we’ve all been waiting for.
Alistair Darling has stepped forward to take charge of the credit crisis. No dithering for this Chancellor. Later today he’s going to announce full details of a £50bn (or more) scheme to help unblock the mortgage markets.
Mr Darling, who clearly missed his true calling as a plumber, wants to “unbung” the British banking system. This £50bn or so is the equivalent of sticking a load of baking soda down your sink in the hope of shifting a particularly nasty lump of grease further down the pipe.
I suppose you could call it money down the drain…
Alistair Darling has stepped forward to take charge of the credit crisis. No dithering for this Chancellor. Later today he’s going to announce full details of a £50bn (or more) scheme to help unblock the mortgage markets.
Mr Darling, who clearly missed his true calling as a plumber, wants to “unbung” the British banking system. This £50bn or so is the equivalent of sticking a load of baking soda down your sink in the hope of shifting a particularly nasty lump of grease further down the pipe.
I suppose you could call it money down the drain…
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