.... then why are they allowed to be run privately?
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If banks are too important to go bust.....
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Originally posted by BrilloPad View Post.... then why are they allowed to be run privately?
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Originally posted by TimberWolf View PostBecause it's all a big swindle?
I reckon they should either be nationalized (and run inefficiently) or allowed to operate in a proper free market. i.e. LTCM should have gone to wall in 1998 and no dropping of interest rates at first sign of a wobble.
This US bailout - suppose it was to happen in Eurloand? Imaging trying to get all those governments together!Comment
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Originally posted by BrilloPad View PostWell the police are not even allowed to even go on strike!
I reckon they should either be nationalized (and run inefficiently) or allowed to operate in a proper free market. i.e. LTCM should have gone to wall in 1998 and no dropping of interest rates at first sign of a wobble.
This US bailout - suppose it was to happen in Eurloand? Imaging trying to get all those governments together!Comment
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Originally posted by rootsnall View PostI think the Yanks have avoided 3 recessions by pumping in cheap money, just means we are now going to have a triple whammy recession to pay for it all.
If a recession is two consecutive periods of negative growth - what is a depression?Comment
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Originally posted by BrilloPad View PostIs that what a depression is?
If a recession is two consecutive periods of negative growth - what is a depression?Comment
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Originally posted by rootsnall View PostSoup kitchens and doss houses !?
I see a whole new market emerging... I could supply dossers to the soup kitchens.I don't want to achieve immortality through my work... I want to achieve it through not dying...Comment
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Originally posted by Another Dodgy Agent View PostI see a whole new market emerging... I could supply dossers to the soup kitchens.Comment
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Where does all the money to buy up the failing banks come from? does the BoE just ratchet up the printing presses over the weekend?
If so, is that not inflationary?How fortunate for governments that the people they administer don't thinkComment
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Originally posted by Troll View PostWhere does all the money to buy up the failing banks come from? does the BoE just ratchet up the printing presses over the weekend?
If so, is that not inflationary?Comment
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