Has bank bashing run its course?

CLAPTON

grizzly1911 wrote: »

There are different ways.

One way or another we pay and when services are critical part of social responsibility the government ends up underwriting them in any case.

government never pays for anything
only the working people pay for anything

Thrugelmir

CLAPTON wrote: »

what would the correct way to do it be?

First of all find a willing buyer to buy the assets. Membership of the CML is down by over 35% since 2007. As foreign banks have more or less exited the UK retail banking sector.

No one will want to buy an old branch network.

CLAPTON

Thrugelmir wrote: »

First of all find a willing buyer to buy the assets. Membership of the CML is down by over 35% since 2007. As foreign banks have more or less exited the UK retail banking sector.

No one will want to buy an old branch network.

yes, but if there isn't a ready and willing buyer ?

Thrugelmir

CLAPTON wrote: »

yes, but if there isn't a ready and willing buyer ?

Then the proposal runs aground........

Will soon be forgotten anyway.

Lloyds is progressively chewing through the legacy of HBOS's bad lending practices in the early noughties. So will eventually be a smaller operation (asset wise).

grizzly1911

CLAPTON wrote: »

government never pays for anything
only the working people pay for anything

Thanks for stating the blinking obvious.

Lots of non working people pay too believe it or not.

Loughton_Monkey

grizzly1911 wrote: »

Thanks for stating the blinking obvious.

Lots of non working people pay too believe it or not.

Indeed.

Clapton has some distorted theory about pensioners who save, or who have self funded pensions are damaging the economy....

I stopped working 8 years ago, and yet still pay more tax than someone earning 40% above average wage. And that's without receiving a penny of state pension (yet). Later this year when I start getting my pension, then this will clearly add another £1,500 or so to my tax bill - although I admit this narrows the net amount by which I contribute to the state coffers by about £6K a year.

CLAPTON

Loughton_Monkey wrote: »

Indeed.

Clapton has some distorted theory about pensioners who save, or who have self funded pensions are damaging the economy....

I stopped working 8 years ago, and yet still pay more tax than someone earning 40% above average wage. And that's without receiving a penny of state pension (yet). Later this year when I start getting my pension, then this will clearly add another £1,500 or so to my tax bill - although I admit this narrows the net amount by which I contribute to the state coffers by about £6K a year.

Sadly, a chap that thinks that the 'paradox of thrift' is bunk and that Keynes knew little about banking (hadn't really been invented then?) and knew nothing about international banking or monetary issues then that
doesn't really inspire any confidence about his knowledge of economics although I don't doubt his knowledge of G&T and his own personal finances.