We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Taxpayers nursing £32bn loss on Lloyds
Comments
-
RenovationMan wrote: »The government is just holding its shares until they recover,
Not that the Government actually has any choice. More capital may need to found yet.0 -
Taxpayers haven't lost anything until they sell.
I'm afraid you are wrong. We have lost billions.
If you lend me £1,000 and I'm not paying anything back or know when I'm going to start paying you back that's £1,000 you can't spend on something else. This lost opportunity cost will never be paid back. Likewise taxpayers are losing due to inflation.0 -
Under "adverse" circumstances RBS would need another 18.6bn Euros (£16.2bn) of capital according to to Morgan Stanley (via FTAlphaville). IIRC the adverse scenario involves a 20% loss on Irish debt. If Ireland pulls through then RBS is unlikely to need any more capital (which is the default scenario).Thrugelmir wrote: »Not that the Government actually has any choice. More capital may need to found yet."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
RenovationMan wrote: »My pension was down £15k at the worst of the recent falls. It's now down £7k. That's the way of it with shares.
They go up, tiddlee up, up,
They go down, tiddlee down, down.
They enchant all the ladies and steal all the scenes,
With their up, tiddlee up, up
They go down, tiddlee down, down.
Up! Down! Flying around,
Looping the loop and defying the ground.
Yes, but government is not "time bound" like my "lifespan"....
My private pension is worth the same now as when i paid in some 15-20 years ago... now someone is to blame for the advise i was given in saying shares perform better and in the long run will outperform other methods of saving..... well 15-20 years is a hell of a long run in my life and where are my div's... Div's = costs of running... costs of running = bankers salary...0 -
I'm afraid you are wrong. We have lost billions.
If you lend me £1,000 and I'm not paying anything back or know when I'm going to start paying you back that's £1,000 you can't spend on something else. This lost opportunity cost will never be paid back. Likewise taxpayers are losing due to inflation.
You're assuming that any opportunity cost "will never" be realised, unless you have a crystal ball and can predict the future i'm sorry to say you're typing bull... added to that, that there was a better "opportunity" and a host of other factors related to the reasons and consequences of not / supporting the banking system...0 -
Yes, but government is not "time bound" like my "lifespan"....
My private pension is worth the same now as when i paid in some 15-20 years ago... now someone is to blame for the advise i was given in saying shares perform better and in the long run will outperform other methods of saving..... well 15-20 years is a hell of a long run in my life and where are my div's... Div's = costs of running... costs of running = bankers salary...
The ultimate responsibility for a pension lies with its owner. Why have you just left it all these years?0 -
RenovationMan wrote: »TWhy have you just left it all these years?
You need to clarify, left what all these years..0 -
-
RenovationMan wrote: »Your pension.
Doh, yes... and in what sense are you believing I left it...0 -
Doh, yes... and in what sense are you believing I left it...
What are you saying 'Doh'? You were the one who said "You need to clarify, left what all these years.. " after I had clearly mentioned your pension.
However, getting back to the discussion. What have you done with your pension savings over the past 15 to 20 years?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards