Interesting article
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From: Nottingham
I think the fall-out for letting the banks (or even the car industry) fail would be catastrophic, and there isn't another major government that seems willing to let that happen.
It does worry me that the people making these key decisions are public sector workers with very little or no private sector experience - but hey that's government!
It does worry me that the people making these key decisions are public sector workers with very little or no private sector experience - but hey that's government!
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From: Hampshire
Originally Posted by MarkB' date='Jan 23 2009, 09:17 AM
* There is another option, allow the banks to fail. Unlike many I don't see this being the end of the capitalist system - we need banks, and we would still have banks even if some failed. Their collapse would bankrupt many companies and affect a lot of people, but the current solution is simply doing the same thing, only slower and at more cost to the taxpayer.
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Joined: Mar 2001
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From: Hertford
As usual; I agree.
Having gone grovelling to the gov'ts, the banks have continued to act like knuts (apologies; cannot find a strong enough word) since.
Maybe now they are planning to use NR as the soviet bank, they will tell the others to go farq themselves. Either that, pass legislation so that non-co-operating boards of governors/directors may immediately be improsoned and personally bankrupted. That would make them less contemptuous.
Time to launch new currencies throughout the world and let the morons fail, methinks... Our will be called the
Having gone grovelling to the gov'ts, the banks have continued to act like knuts (apologies; cannot find a strong enough word) since.
Maybe now they are planning to use NR as the soviet bank, they will tell the others to go farq themselves. Either that, pass legislation so that non-co-operating boards of governors/directors may immediately be improsoned and personally bankrupted. That would make them less contemptuous.
Time to launch new currencies throughout the world and let the morons fail, methinks... Our will be called the
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From: Survivalist enclave
[quote name='Shiskine' date='Jan 23 2009, 09:38 AM'] Did anyone watch that Money Programme special last night about Porsche's alleged manipulation of the VW share price?
Very interesting. Of Porche's
Very interesting. Of Porche's
Thread Starter
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From: Hertford
entirely.Crafty bastards. I laughed most of the way through it.
And at the Journo getting squeally understeer from a Boxster; turn the TC off and turn in slower, FFS.
Almost made me want to rush out and buy a Porsche, just to congratulate them. I love lateral thinking like that.
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From: Stanmore
Originally Posted by Shiskine' date='Jan 23 2009, 09:38 AM
In other words, they're a hedge fund that happens to make sports cars ...
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From: Glasgow, Scotland
Originally Posted by gaddafi' date='Jan 23 2009, 05:38 PM
I detest hedgefunds and their like as a rule
