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View Full Version : Banks' £1bn windfall to boost economy



AtW
13th July 2012, 15:36
http://i.telegraph.co.uk/multimedia/archive/02249/mervyn_2249818b.jpg

"As 5pc of the UK loan stock is equivalent to £80bn and the arrangement means banks receive a roughly 1pc reduction in costs for simply maintaining their loan levels, they will enjoy an initial £800m windfall before they inject a penny extra into the economy. The Bank and the Treasury, though, expect that gain to be passed on to customers through normal competitive pressures. "

Banks' £1bn windfall to boost economy - Telegraph (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9397945/Banks-1bn-windfall-to-boost-economy.html)

:rollin: :rollin: :rollin:

No, it will be passed to bankers as extra bonuses for high profits.

Who makes those contracts? Getting 80% of benefit by not doing anything won't encourage to take risks, possibly losing money to gain another 20%?

Nice bow ties though...

sasguru
13th July 2012, 15:40
http://i.telegraph.co.uk/multimedia/archive/02249/mervyn_2249818b.jpg

"As 5pc of the UK loan stock is equivalent to £80bn and the arrangement means banks receive a roughly 1pc reduction in costs for simply maintaining their loan levels, they will enjoy an initial £800m windfall before they inject a penny extra into the economy. The Bank and the Treasury, though, expect that gain to be passed on to customers through normal competitive pressures. "

Banks' £1bn windfall to boost economy - Telegraph (http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9397945/Banks-1bn-windfall-to-boost-economy.html)

:rollin: :rollin: :rollin:

No, it will be passed to bankers as extra bonuses for high profits.

Who makes those contracts? Getting 80% of benefit by not doing anything won't encourage to take risks, possibly losing money to gain another 20%?

Nice bow ties though...

Just as well you're a rich and succesful businessman with his own property and posh car then, eh? Oh, wait ...

AtW
13th July 2012, 16:01
Just as well you're a rich and succesful businessman with his own property and posh car then, eh? Oh, wait ...

I've decided to follow your lead and avoid spending money on flash car, instead focusing on property - thanks for your wisdom oh great one. :wink

doodab
13th July 2012, 16:07
It's called the trickle down effect. Those at the top get rich and everyone else gets pissed on.

TimberWolf
13th July 2012, 17:24
More funny money being used to ramp up house prices further, what could possibly go wrong.

sasguru
13th July 2012, 18:03
It's called the trickle down effect. Those at the top get rich and everyone else gets pissed on.

It's a law of nature as observed in the New Testament: Those that have shall be given more.
That's been my experience anyway.

sasguru
13th July 2012, 18:05
I've decided to follow your lead and avoid spending money on flash car, instead focusing on property - thanks for your wisdom oh great one. :wink

Having said which among all the property transactions I've done recently I've hidden away a nice £50K sum for a modest little sports car of some sort :smokin

doodab
13th July 2012, 18:42
Having said which among all the property transactions I've done recently I've hidden away a nice £50K sum for a modest little sports car of some sort :smokin

Aren't you a bit old for a midlife crisis?

AtW
13th July 2012, 18:46
Having said which among all the property transactions I've done recently I've hidden away a nice £50K sum for a modest little sports car of some sort :smokin

WHS

A role model if there was one ...

*weeps tears*

BrilloPad
13th July 2012, 19:54
Having said which among all the property transactions I've done recently I've hidden away a nice £50K sum for a modest little sports car of some sort :smokin

Why not use the money to buy a decent personality.

AtW
13th July 2012, 19:57
Why not use the money to buy a decent personality.

What for? :laugh

darrenb
14th July 2012, 11:30
Why not use the money to buy a decent personality.

:rollin:

If only they came that cheap.