Government to break up the rescued banks

Mr_Mumble

A year ago Brown's rescue plan was to merge the good bank Lloyds TSB with the bad bank Halifax Bank of Scotland. :wall:

Cleaver wrote: »

I object in the main to Tesco's business plan, ethics and totalitarian approach.

Totalitarian, !!!!!!? That is plain incorrect and rather offensive imho to cheapen the use of such a word.

to⋅tal⋅i⋅tar⋅i⋅an

–adjective
1. of or pertaining to a centralized government that does not tolerate parties of differing opinion and that exercises dictatorial control over many aspects of life.
2. exercising control over the freedom, will, or thought of others; authoritarian; autocratic.

–noun
3. an adherent of totalitarianism.

Tesco offer products, consumers have the free choice of buying them. Asda/Walmart, Sainsbury's, Morrisons, M&S, Lidl, Aldi, Netto, Co-op, Somerfields, Waitrose all offer competition and they're all in fine fettle as flourishing companies. Don't blame Tesco for the shift away from stodgy generalist stores and specialist food shops to one-roof wonders.

Dan:_4

Tesco is easy and convenient, I can pick up pretty much anything without the hassle of visiting the town centre.

I hope they offer full banking services one day - I will never need to go into the town centre again.

JonnyBravo

Wookster wrote: »

Doctor/ patient confidentiality won't change. Any breaches of this will be severely punished with doctor's being struck off the register.

Do you know how rarely they actually strike off a Doctor?

amcluesent

GP to patient, "Are you sensible in your drinking and watch the bad fats?"
Patent: "Yes! My body is a temple!"
GP (searching Tesco Club Card database), "Computer says your favourite BOGOF is Stella and cheesy tortilla dips!"
Patient, "Err..."

Degenerate

mizzbiz wrote: »

I'm still wondering why the 'loans' that the government took out to bail out these banks is to be repaid by the public through tax and not by the banks from their profits,

Don't know where you got that idea.

mizzbiz

Put badly in my post admittedly, but for those who don't understand what I mean, the Independent explains it thus :-
http://www.guardian.co.uk/business/2009/feb/19/national-debt-lloyds-hbos

I also work in the public sector and this is one of the reasons that we are facing swinging cuts for at least the next 8 years.

tommy75

Labour's great bank sell-off could cost taxpayers another 40 billion..only peanuts.


http://www.guardian.co.uk/politics/2009/nov/01/alistair-darling-banking-taxpayers-money

tommy75

mizzbiz wrote: »

Put badly in my post admittedly, but for those who don't understand what I mean, the Independent explains it thus :-
http://www.guardian.co.uk/business/2009/feb/19/national-debt-lloyds-hbos

I also work in the public sector and this is one of the reasons that we are facing swinging cuts for at least the next 8 years.

Comon Gordon, going bankrupt second is still trendy..


Only 1.5 trillion.. Radical Tory cuts of 7 billion will make massive slices into that little mound of debt...

Mr_Mumble

mizzbiz wrote: »

Put badly in my post admittedly, but for those who don't understand what I mean, the Independent explains it thus :-
http://www.guardian.co.uk/business/2009/feb/19/national-debt-lloyds-hbos

I also work in the public sector and this is one of the reasons that we are facing swinging cuts for at least the next 8 years.

That's the Guardian (easy mistake to make though!). The Budget laid down the expected cost of the banking bailout: between £20bn and £50bn. That's a tiny proportion of the national debt especially when you include those gold-plated public sector pensions...

tommy75 wrote: »

Labour's great bank sell-off could cost taxpayers another 40 billion..only peanuts.


http://www.guardian.co.uk/politics/2009/nov/01/alistair-darling-banking-taxpayers-money

The headline is nonsense. Taxpayers are lending Northern Rock £8bn (so it restarts mortgage lending and becomes attractive to potential purchasers). The government/taxpayer had the option of letting Northern Rock run off its entire mortgage book instead.

Taking up the Lloyds rights issue is again optional (indeed a couple of weeks ago the FT reported the Treasury was likely to sell its rights). It comes with a sweetener of £2.5bn paid by Lloyds to the taxpayer to get out of the asset protection scheme.

Even with RBS the government will be taking an increased equity stake in the company. The Guardian can hardly moan at any hit taken from RBS being forced sellers of assets thanks to EU law, The Guardian is the biggest cheerleader for the EU.

Generali

Mr_Mumble wrote: »

The Guardian can hardly moan at any hit taken from RBS being forced sellers of assets thanks to EU law, The Guardian is the biggest cheerleader for the EU.

And they can hardly complain about the national debt when they've spent the last 25 years to my certain knowledge saying that the Government of the day should spend more!

I used to read The Grauniad every Saturday. Then I found out that their reviewer wrote a review of some Royal concert without ever attending! For a paper that is so sanctimonious about the truth with their Readers' Ombudsman and all that twaddle, it seemed to be grossly hypocritical.