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Public Finances BENEFIT from Bank bailout... on paper

2

Comments

  • purch
    purch Posts: 9,865 Forumite
    ONS guidance, however, indicates that the profits definition to be used will exclude dealing/investment losses, credit impairments and goodwill write-downs

    It appears the ONS have as good a grasp of this subject as they appear to have with most of the statistics they report !!!!! :rotfl:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    MSE_Martin wrote: »
    Just got this press release from www.moneymovesmarkets.com ... not really to do with MoneySaving, but I thought it interesting and I suspect economy watchers on this board may agree...


    Martin, are you secretly one of us?;)
  • Plasticman
    Plasticman Posts: 2,554 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    MSE_Martin wrote: »
    ... not really to do with MoneySaving,


    Neither are most of the posts on this board, welcome to the party :D
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    sabretoothtigger wrote: »
    They are cooking the books, not the first time a mp will have been caught doing that


    I thought RBS had 1 trillion of liabilities so how is that a good thing for government credit rating

    easy there tiger, when you make statements like that it makes me wonder if you really know what you're talking about - so tell me the best way to NPV a CDO or a nth trade please

    i'll let you off how to NPV a CDS as it would be too easy for you = sum of all future coupons
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    chucky wrote: »
    so tell me the best way to NPV a CDO or a nth trade please
    Yeah I tried googling some of that stuff thinking I'll show that Chucky but now I've got a head ache.
  • oldMcDonald
    oldMcDonald Posts: 1,945 Forumite
    lostinrates wrote: »
    Martin, are you secretly one of us?;)
    Hmmm....is Martin the ultimate sock puppeteer? Is Martin really Brodders?
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    oldMcDonald wrote: »
    Hmmm....is Martin the ultimate sock puppeteer? Is Martin really Brodders?

    Mr Broderick, in a bizarre twist of fate is now Dan. :eek: See the delights of the shopping in croyden thread. I'm not sure i can cope with another puppet in this three sock pair.:D
  • oldMcDonald
    oldMcDonald Posts: 1,945 Forumite
    lostinrates wrote: »
    Mr Broderick, in a bizarre twist of fate is now Dan. :eek: See the delights of the shopping in croyden thread. I'm not sure i can cope with another puppet in this three sock pair.:D

    That Croyden / Crawley thread is very confusing!
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    mewbie wrote: »
    Yeah I tried googling some of that stuff thinking I'll show that Chucky but now I've got a head ache.

    NPV = Net Present Value
  • SamIAm_3-2
    SamIAm_3-2 Posts: 129 Forumite
    Part of the Furniture Combo Breaker
    chucky wrote: »
    so tell me the best way to NPV a CDO or a nth trade please
    chucky wrote: »
    NPV = Net Present Value


    Close your eyes. Hammer a calculator. Look at the result?
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