Bankers! Give the uk back our money!

[Rebelrc]

As title says

[wacattack]

What exactly is your point here????

[Matisse]

don't think they kept it bro, its a lot more complicated than that.

besides, i'd rather talk about rc.

[davidmog99]

How much do they owe you?

[Rebelrc]

Matisse this section is for off topic non Rc stuff

If you are tax payer lots!

[SlowOne]

It's not our money, that's quite safe in the bank you left it in. The Government didn't buy things from the banks using our money either. The problem is people who borrowed money from the banks and couldn't pay it back. Banks tied up these loans in complex financial instruments, traded them and then found they were worthless. If the Government had let the banks go bust, they would have taken our money with them.

As a taxpayer you haven't given any money to the banks, you have made them a loan on favourable terms in order to ensure that you don't lose the money you have deposited with them. The banks have to pay back that money, with interest.

As a taxpayer, you are paying more because overall this country is paying less tax as we are buying less, being paid less and more people are out of work; and yet we still have a country to run. The biggest 'crime' is the way companies pay a pittance in tax. If you are concerned about what you are having to pay and want them to pay their share, stop going to Tesco (22% tax rate) Vodafone (avoided a £4bn bill on the purchase of Mannesman) and scores of other companies avoid tax on an industrial scale. Google it!

We have borrowed huge amounts from others (via Government bonds) and eventually this has to be paid back, with interest. You can buy Government bonds and earn interest if you like - the UK's bonds are still one of the safest around.

What money of yours do you think they have that they owe you? All the people I know have not lost a penny to the banks.

[Welshy40]

Originally Posted by Rebelrc

As title says

Actually you should be saying Labour put us in this mess, now lets get out of europe before it goes tits up. We can start a petition and over 200000 people can have their say and this will have to be discussed again.

Bankers helped but what you don't hear are these traders don't all get a basic wage, and live off the commission that they make.

Its a really tough industry and yes they are over paid but the hard workers and very lucky deserve all they get.

You missed off the credit card companies that started this off and has a huge debt behind it still, Labour kept really quite about that, i wonder why. Too many idiots are now being given cards and don't have the brains or capital to pay it off.

Then there are those people like on tv who think they are rich and not very bright and as an example buy a big house that wouldn't cost the earth to put right and make it a nice home and instead decide to go and knock it down and build a new one in its place, no sense there at all and money down the drain as well and I guess a big debt and you cant blame the banking industry on that either.

[SlowOne]

Originally Posted by Welshy40

Actually you should be saying Labour put us in this mess, now lets get out of europe before it goes tits up. We can start a petition and over 200000 people can have their say and this will have to be discussed again.

Yeah, and there goes another pink blob with wings...

We've had a petition with well over 100,000 signatures - to bring down the price of fuel. No debate, none planned. More than that for the one about immigration - and the Leader of the House says that is unlikely to be debated. Start as many petitions as you like, I have a fiver that says the debates will not happen.

Get out of Europe, eh? You are seriously considering taking us out of the union that means we can buy and sell 40% of the goods we produce without any duties or extra taxes (beyond VAT) and letting them set a range of import duties that will price us out of all these markets? That will do more damage to this country than any banker has ever managed.

I am sure that, if put to the vote, this country would take us out. At least that would mean that the depression and the following default on our debts wouldn't be followed by a load of complaints about the Government on forums - we would have done it to ourselves. Google 'Argentina default' if you want to know what happens when a country defaults on its debts - the situation still hanging over Greece - and everyone really loses all their money.

I appreciate there are things about the European Union we could do without, but again, Government could choose to do as Norway and France - choose not to implement all European legislation - and save us all the agony. We could also do more by choosing not to buy food that is subject to this legislation and demand local produce. We can't be arsed, it's all too much trouble! Nonetheless, voting to leave the EU is the best way to ensure that a depression results and you lose your job.

[Welshy40]

How much money are we ploughing into Europe?. I think that a lot of people want out and I am one of them and if we went to a vote we would not be part of Europe. Tony Blair who is an idiot as well as Brown (who both hated one another) who ruined this country by selling our only valuable asset the gold bullion reserve that we had (he should be hung for that) and they both didnt go for the vote because they were advised they would lose.

Unions, they ruined all the businesses in the country and now we have zero British car firms, hardly any coal mines and etc etc and proves a point. Unions are a bad thing, funny that they get greedy and go on strike, but much funnier when they lose their jobs TFL underground will be next when they implement the robot driving trains. No more tube strikes and thats brilliant and funny.

When Europe falls and it will do you really want to be in a never ending recession due to this badly run fiasco. Do you know that the European HQ is in Germany for half a year and then they ship all the staff and equipment to the offices in Begium do to some stupid regulation they have and costs the European tax payers including us millions of Euros just for that. Daft and thats not the only one, there are more.

Why should we bail out Greece, Spain, Italy and the rest as its their greed that did this, not ours.

[Col]

I've not read such a small minded opinion as that for quite a while!

[kayce]

Originally Posted by Col

I've not read such a small minded opinion as that for quite a while!

+1

[justleanitupabit]

Originally Posted by Col

I've not read such a small minded opinion as that for quite a while!

Originally Posted by kayce

+1

I'd prefer to say uninformed, which proves how biased the reporting has been.

There is no one single cause of this part of the financial downturn.

"Banks" lent too much money and assumed they'd get a good return ad-finitum.
"People" borrowed what they couldn't afford.
"Governments" blew their reserves and borrowed at ridiculous levels for political mileage. (The shortlived child trust funds is a great example.)

Gordon Brown flogging most of the countries gold reserves, whilst annoying and ridiculous is a drop in the ocean compared to the countries debts.