£100 billion for British banks, again

[BDF]

http://uk.news.yahoo.com/britan-figh...-business.html

I think they should all be rounded up and shot dead, everyone responsible. Strip them of all their money. It's all one big fucking fraud.

£100 billion to help lending, and help people spend more? How about reducing VAT and fuel taxes instead??? Reducing income taxes? No. I'm so irritated if I saw any one of those arrogant shits in power responsible for this in front of me right now, I'd kick his kneecaps out of his legs.

What are the benefits to the majority of people? None. The government "invents" £100 billion out of thin air and gives it to the banks on the pretence that they can lend to us. Inflation rises in line with this, and we all have to pay more for our goods, most of which are imported.

So we get more loans from the banks as a result Is there a good side? Yes, just a little. But no, not really. It ultimately benefits only the banks.

Personally I think this is to safeguard the banks against the £ billions of losses in loans they're about to make when Greece leaves the EU. So another lie. Seriously everyone in power responsible needs to be drowned in concrete allowed to set in it.


WHO EXACTLY MAKES THESE SORTS OF DECISIONS IN THE GOVERNMENT??? <--- I'd like an answer... so that I know who to throw eggs at.

[Age of Ignorance]

Wait, isn't it giving the banks a reason to drop interest rates? Drop interest rates and homeowners get more money to spend, thus (for the government at least) paying back the 100 billion pounds by way of taxes and also fuelling the economy? Almost seems fool-proof, if you ask me.

Edit: oh, nevermind. Just read the "encouraging them to lend to businesses and consumers". Now that's just stupid.

[The Goblins Blade]

They can afford to lend the banks more money, but they cant afford to help out the homeless and disabled, or the kids living under the poverty line?

[JKmadu619]

Golbin`s Blade: Look at Italy right now. It makes sense to bail the banks out.

Although they are giving it mostly to buisnesses, in the long run this could potentially help out the euro economy which from my understanding is the shits.

- Justin

[Penultimate]

The banks are the reason we're in this mess in the first place are they not ?

[TigerTank77]

Originally Posted by JKmadu619

Golbin`s Blade: Look at Italy right now. It makes sense to bail the banks out.

Although they are giving it mostly to buisnesses, in the long run this could potentially help out the euro economy which from my understanding is the shits.

- Justin

The Euro needs to go down. A monetary system shared by many that's propped up by one or two countries is parasitic.

[JKmadu619]

TigerTank77: I agree. Some countries have been supporting many others for far too long.

However the Euro is doing shitty, and rather than destroying it (which won't happen anytime soon.) the next logical step is to try to give money back to the people.

- Justin

[dr2005]

Originally Posted by TigerTank77

The Euro needs to go down. A monetary system shared by many that's propped up by one or two countries is parasitic.

The same could be said for the US dollar in many respects - California is technically bankrupt, after all, and the value of the currency overall is being kept up by some states vastly outperforming the others economically. It's always the case where you have one currency applied over a disparate range of territories - and both the USA and the EU, though politically different, share this characteristic. Same goes for most countries if you break it down to regional level. Nigel Farage, the leader of UKIP, used a similar argument on the news earlier today, yet it didn't seem to dawn on him that by the same logic you could argue for not only Scotland and Wales to leave the UK (and pound), but also for the North East to be kicked out. Every currency is beset by compromise - the question becomes whether it can be fixed, and in the case of the euro the solutions may not be popular but they are viable.

[BDF]

I still want to know who makes these decisions...

[Fictional]

Gideon Osbourne's the one in charge of money stuff, isn't here? Slug faced twat ¬_¬