Peston: Lloyds to repay £4billion

CLAPTON

Generali wrote: »

Ok. Another Socialist who doesn't get it.

Perhaps the point can be driven home in this way:

LINK

This is what the people of Huntingdonshire think of the Labour Party:

Candidate .....................Party.......................... Votes
Reynolds, Kevin Antony Conservative ....................2553
Pegram, Dennis Roy .......Conservative ...................2307
Hodge, David Frederick .Liberal Democrat ...........1543
Waters, Robin Sherwood. Liberal Democrat .............1412
Jug, Lord Toby .The Official Monster Raving Loony Party 566
Allen, Richard John .....Labour...................................... 362
Richards, Angela Louise ..Labour ...............................343

OK
I was discussing Robert Peston observations about Lloyds shares issue etc .... I mistakenly thought you were too.


As someone who has thought for the last two years, that it is virtually inconceivable that Labour will be re-elected for at least two terms, I find discussions about their fall less interesting that the interesting economic times in which we live.

Generali

CLAPTON wrote: »

OK
I was discussing Robert Peston observations about Lloyds shares issue etc .... I mistakenly thought you were too.

I was. I moved on.

I find it a little annoying that Labour want to present the cluster f... that is the UK economy and banking system as a triumph. It isn't. Sometimes that colours my posts a little.

tomterm8

Generali wrote: »

Well it's a bit more complex over there as you have 2 elected houses plus the Presidency (executive). In the UK you vote for all three in one so the Government has nowhere to hide.

All the way through the 1980s when Thatcher was being villified all the Tories had to do was bring up the IMF and the Winter of Discontent and the voters ran back into their arms.

I agree that the system is more complex, but I don't think the people are. And, when push comes to shove the question is who gets the blame for the measures that will need to be enacted after the election.

Thatcher had the advantage than the majority of the worst measures brought in because of the IMF debacle were brought in by a labour government.

It's not going to be that way this time. Labour has left all the hard decisions to after the election.

kennyboy66_2

Generali wrote: »

AIUI, the Government isn't charging Llo..... underwriting costs. That means 2 things:

- Non-Government shareholders are getting a taxpayer paid-for lunch
- When the sums are done at the end of this, Socialist [Richard] heads are going to be able to claim that the cost of the bailout was less than it was.

Are you sure the government is not charging an underwriting fee - I thought they were, on a similar basis as previous share issues and conversions.

As HMG has charged fees for other state aid eg Asset_Protection_Scheme etc, then I would be highly surprised if they weren't charging now. In fact, I am sure I have read that they are, but can't find the link.

ps what is the difference between perceived risk and "actual" risk ?
I would say they are the same. Risk surely should always included some uncertainty premium.

thor

tomterm8 wrote: »

Give it five years, and lots of spin, and the myth of the nasty party can easily be reborn.

Hardly surprising as it is not a myth.
The Tories have successfully spinned their way into making everyone believe that this world recession is all entirely Labour's fault and that we are in the worst position. Both assertions are true 'myths'.