Bank Bailout Referendum poll results/discussion

wilf55

cut the fat cat wages to reduce the amount of bail out needed

why does rbs boss need a 500,000 year pension my grandparents managed on state pension cant he?

AshleyBones

I have vote 'NO' purely on principle. In fact, I believe all the governments involved have no choice or the global economy would suffer a melt-down.

But to have allowed financial organisations to mis-manage their lending to this extent, over so many years, is disgraceful. If individuals ran their personal and household finances in this way they would have been deemed irresponsible.

Decision makers within these corporations are irresponsible, profiteering, idiots and I would dearly like to see them bankrupted.

Perhaps now, the attitude of banks and bank staff will be a little more deferential towards customers and their needs and demands.

kugler2008

Where was the bailout for the company that I worked for that recently went into liquidation as a result of the credit crunch. Theres only the fat cats at the top to blame for the situation the banks are in, I do however partly agree with the bailout in the respect that something had to be done to protect the public and the employees at lower level. There needs to be big changes to stop the fat cats profiteering and lining their pockets in the future though!!

XRAT

At last a solution to the Equitable Life pension-holder problem. Now none of us has any pension left, they won't feel so left out!

(To all those of you who have already seen their companies fail and their pensions fail with them. Now that we have all come a little closer to understanding your predicament I hope that there will be a little less empathy from the government and a little more sympathy. There seems to be plenty of money after all!)

happyinflorida

I don't support this bailout at all.

This amount of money should not be piled into these banks, etc.

They created this problem, let them sort out their own mess.

If savers lose their money, then so be it. People who have savings are lucky to have them, they can afford to lose them.

Government should not be paying out billions to this sort of thing.

There are homeless people in this country - to me that's far more important to sort out.

There are people waiting for operations, the NHS is a joke - sort that out.

Education - that needs money, more than the banks.

I'm furious that billions has been given to the banks - they need sorting out and controlling - someone like Martin should be put in charge, not Gordon Useless Brown.:money:

ailuro2

sdooley wrote: »

The banks have us over a barrel. People vote yes, out of fear, because it's blackmail, but it's effective.

Sdooley - perhaps your right, maybe we should resign ourselves to paying for the fat cats bonuses forever.
In an ideal world those fantasy amounts of bailout money would put decent housing within reach of nurses and teachers, and humble mechanics and care home assistants too!

The rules need to be changed to stop the bonuses being paid out willy nilly when it's all collapsing round their ears.

Something also needs to change the way good,stable businesses have gone into the world of hostile takeovers all in the name of massing giant amounts of profit.

http://www.independent.co.uk/news/business/analysis-and-features/the-rise-and-fall-of-fred-the-shred-960336.html is a good synopsis of Fred the Shred, and how the RBS went from a UK style, safe bank to the state it's in today.

BigMikeyG

happyinflorida wrote: »

I don't support this bailout at all.
This amount of money should not be piled into these banks, etc.
They created this problem, let them sort out their own mess.
If savers lose their money, then so be it. People who have savings are lucky to have them, they can afford to lose them.
Government should not be paying out billions to this sort of thing.
There are homeless people in this country - to me that's far more important to sort out.
There are people waiting for operations, the NHS is a joke - sort that out.
Education - that needs money, more than the banks.
I'm furious that billions has been given to the banks - they need sorting out and controlling - someone like Martin should be put in charge, not Gordon Useless Brown.:money:

If savers lose all their money don't you think that the NHS and other services will a lot worse off when people can't afford to eat or heat their home because they have retired with no money because all thier savings and pensions were lost?

I don't support the bailout but we definitly need it as the banks are the heart of this country, if they go then life is going to be 10 times harder for ALL of us.

Ok there are plenty of homeless people and the NHS is a joke, but in my opinion this is more important.

I am not a labour supporter at all but I actually think the gov. is handling this resonably well and I can't see any other way of doing it. It just needs to have a stronger hand and stop stepping back from the big business. Ok we need them to keep the economy going but at the end of the day the gov. need to make sure it stays in charge!

mohthom

Absolutely NO to the bailout. Hasn't our currency been diluted enough without this latest attempt to get people into debt more easily? Old-style lending (3x income mortgages, none of the lifestyle-propping MEW that's been so heavily promoted, loans given only when the taker has a proven ability to repay them etc. etc.) worked well enough, so why not stick with the winning formula?

MohThoM

SuperSquirrel_3

When I sent the government the bank bailout plan in August I did mention the non payment of bonuses and other restrictions ....not yet done

There should be some good news on savings shortly

SuperSquirrel
:beer:
l:T

sallyjo_2

What would you do with £1Million pounds?

Re my suggestion below, I know it's never going to happen and it sounds ludicrous because we're conditioned to give give give to the government and not get anything personal back. But......

My proposal:- Why can't the government take a mere £60million out of the huge bank bailout and give each person in the UK £1 million each?
For those under the age of 21 say, this money would be put in a trust fund, but for the rest of us it is a bailout of our own. We could use to to pay off our mortgages, put together a pension pot, and other sensible financial plans. Otherwise it could be saved or spent.

Now, I know that there are many reasons this would fail. Inflation for one, and the breakdown of society as working people refuse to board the overcrowded trains and just quit working full stop. There would be widespread waste, as the populace spend their newly found wealth stupidly. Hmmm does that sound very different than today? However, if the government can bail out banks to the tune of £37billion, our £60million isn't even 2% of that. So why not????? We wouldn't need the banks to lend to each other, we could do it ourselves!

I resent having to bail out the banks. If it weren't for laws against stashing cash, and needing cards and a 'credit rating' for renting cars and paying for holidays, capital goods etc, and being forced to have my salary paid to one, I'd not bother with them. They have overcharged me, harrassed me by phone and letter in dark days when cash flow was a problem, and have given me pathetic interest on any savings I've managed, so pathetic that it's a disincentive to save.

What this crisis has brought home to me in a huge way is just how much money the government, central and local, has. The council pleads poverty each year as they raise our tax above inflation whilst cutting services. Ha, the jig is up! Central government, will they force the banks to start lending to each other, and us, with our money?! Or will the banks make sure they pay themselves first? Will they, can they, really prevent the huge bonus culture or will they turn a blind eye to it once the crisis has settled. Will we, personally, see any shares in these banks that we, the taxpayer, have bought? I doubt it.

So why can't we, at moneysavingexpert, lobby for our £1million each? I promise to be smart with mine. I might even donate some to the Labour party. hahahahahah