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12 banks downgraded
lemonjelly
Posts: 8,014 Forumite
http://www.bbc.co.uk/news/business-15211230
Includes Lloyds, & RBS.
Pro's - shifts resposibility away from taxpayer?
Cons, - reduces confidence?
Where will this one go folks?
Includes Lloyds, & RBS.
Pro's - shifts resposibility away from taxpayer?
Cons, - reduces confidence?
Where will this one go folks?
It's getting harder & harder to keep the government in the manner to which they have become accustomed.
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Comments
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We've been discussing it https://forums.moneysavingexpert.com/discussion/3533377
I think people are underwhelmed, in the main, since it's not telling us much new.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Your a bit late on parade today lemon.0
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We've been discussing it https://forums.moneysavingexpert.com/discussion/3533377
I think people are underwhelmed, in the main, since it's not telling us much new.
To quote John Lanchester, Whoops!:oIt's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
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what King interview?
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I think people are underwhelmed, in the main, since it's not telling us much new.
Looking at it, I think it could be taken the wrong way... I mean the credit ratings aren't telling us anything new.what King interview?
The one where he was talking up the economy, using such phrases as 'since 1930' and 'worse than the war'.
All the people on this forum cheered...
It's not going to be as bad as we thought “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
No, but this is how self-fulfilling prophesies are created. Every drip that isn't countered makes the feared outcome a bit more inevitable.I think people are underwhelmed, in the main, since it's not telling us much new."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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