The £squillion public banking bail out ?

[BobTheCrate]

Okey dokey then, some help from you lot please ...

The £squillion public banking bail out ... ?

Was all this money "given" to the banks or was it a public loan ? I was under the apprehension it was the latter.

Again if the latter, even with a modest interest rate attached, the public finances can at some moment in time expect quite a welcome boost in repayments. Certainly enough to make one hell of a difference to the structural deficit.

Why do we never hear about this side of the equation from our political friends & foes ? Unless of course I'm under a mis-apprehension.

[Churchill]

On another note, when are we going to get some recompense for Kuwait, Iraq and Afghanistan?

[Jeebo72]

[QUOTE=BobTheCrate;1125439]Okey dokey then, some help from you lot please ...

The £squillion public banking bail out ... ?

Was all this money "given" to the banks or was it a public loan ? I was under the apprehension it was the latter.

[QUOTE]


No money changed hands what-so-ever. Not even in the form of loans.

[Mich the Tester]

Why do we never hear about this side of the equation from our political friends & foes ?

Because next time the banks go belly up it'll all be lost.

[gingerjedi]

On another note, when are we going to get some recompense for Kuwait, Iraq and Afghanistan?

Yeah... I must admit I have no idea what Afghanistan is about but Iraq was all about oil wasn't it, have you seen the price of petrol.

...Or did our government really buy the WMD story? The septics must be pissing themselves over that one.

[minestrone]

I have been meaning to ask this as my impression was that the majority of this was made available to the banks as a loan if they got in trouble but little was used.

The only cost has really been buying the banks ( 70 billion I think ) at a very cheap price which they will make back easily.

[Mich the Tester]

I have been meaning to ask this as my impression was that the majority of this was made available to the banks if they got in trouble but little was used.

The only cost has really been buying the banks ( 70 billion I think ) at a very cheap price which they will make back easily.

Oh, so the really smart bankers will now go and get themselves into trouble so they can have an easy life taking public money?

doh, me not understand any more.

[TimberWolf]

We're still bailing out the banks and will do for some time. Or at least some of us are. Savers are earning negative interest and house prices are being kept artificially high to prevent mortgage defaults, which would hurt the banks.

[scooterscot]

On another note, when are we going to get some recompense for Kuwait, Iraq and Afghanistan?

Yes, higher petrol prices...

[Mich the Tester]

Yes, higher petrol prices...

…and a brand new Labour government, just like the last three.