Banking Industry

setmefree

I work hard and pay my tax, same as those investors you have gone on about, but would those investors bail me out if i faced hardship i think not, but yet my tax money is required to bail them out of their hardship because they are investors of a major concern.
Public funding is money given from tax revenue or other governmental sources to an individual, organization, or entity.

Would i get a letter thanking me for bailing out a Bank with my tax money NO i would not, has any tax payer received a letter from Northern Rock thanking them for allowing their tax money to try and bail them out NO..so why should I a normal tax payer really care about them

Fedz

setmefree wrote: »

so then why does all the reports say that it will be the tax payer who foots the bill, is that lies

If I believed everything I read on the net I'd be a patient at work myself

So these billions that's lent to NR to bail it out: Do you think they'll not have to pay this back? You tell me

setmefree

Fedz wrote: »

So these billions that's lent to NR to bail it out: Do you think they'll not have to pay this back? You tell me

So if that's the case why does the government not lend the thousands of people money from the public funds to bail them out instead of them losing their property's, Do you think they won't pay it back:D
It aint as if you can call them a bad risk is it, they are no different to the Banks asking for money to get by

Fedz

We don't have a mortgage as we were left our house by my wifes father when he died

If I borrowed money from a lender for a mortgage then they/I have a contractual agreement signed by me/us and I am fully aware if I/we can't keep up to repayments that I/we agreed too then I/we quite possibly loose the house to the lender to repay my borrowed money.

Everyone knows this and signs to the agreement in full knowledge ...

So why would I expect the government to bail me out?

What do you call people that can't repay debts and or have no means of paying back borrowed money - of course they're a risk - would you lend them money on the possibility of not seeing it again?

Mikeyorks

setmefree wrote: »

Would i get a letter thanking me for bailing out a Bank with my tax money NO i would not, has any tax payer received a letter from Northern Rock thanking them for allowing their tax money to try and bail them out NO..so why should I a normal tax payer really care about them

You running a Poll ......... or making statements, as the last time!

setmefree

Fedz wrote: »

What do you call people that can't repay debts and or have no means of paying back borrowed money - of course they're a risk - would you lend them money on the possibility of not seeing it again?

My Point exactly,why on earth should Banks be bailed out in the first place, they turn to Bank Of England for a loan why,surely to be in that position in the first place they are most certainly a risk,why should the Tax Payer initially bail them out.

As for your point of people with Mortgages know the score well yes i agree with you, but many circumstances can change financially for them,same as happened with Northern Rock, the family has invested all their live into the property they have maybe lived in for 20 years and then lost the lot,which inturn could lead to Bankruptcy, now if that aint financial hardship i dont know what is

setmefree

Mikeyorks wrote: »

You running a Poll ......... or making statements, as the last time!

I think you should take notice that you have also made statements on this thread before judging myself.:D

Fedz

setmefree wrote: »

My Point exactly,why on earth should Banks be bailed out in the first place, they turn to Bank Of England for a loan why,surely to be in that position in the first place they are most certainly a risk,why should the Tax Payer initially bail them out.

As for your point of people with Mortgages know the score well yes i agree with you, but many circumstances can change financially for them,same as happened with Northern Rock, the family has invested all their live into the property they have maybe lived in for 20 years and then lost the lot,which inturn could lead to Bankruptcy, now if that aint financial hardship i dont know what is

NR was propped up by the government to maintain financial stability- the rights or wrongs of it in your opinion that's the way it operates and provides security to customers and investors.

You're attempting to make a direct comparison with personal circumstances of an individual and a bank - it's like comparing apples with oranges.

Borrowing from a bank is a step away from a bank borrowing from BoE/Government.

setmefree

Fedz wrote: »

NR was propped up by the government to maintain financial stability- the rights or wrongs of it in your opinion that's the way it operates and provides security to customers and investors.
(Yes and if the individual is propped up by the Governent,then he/she could provide security to its family )

You're attempting to make a direct comparison with personal circumstances of an individual and a bank - it's like comparing apples with oranges.
( both stand to loose everything without backing )

Borrowing from a bank is a step away from a bank borrowing from BoE/Government.
( I agree so then why the discrimination against the individual and not the bank)

You must agree it's a case of just putting a bigger divide between the high and the lower class.

UK007BullDog

I voted no.

I work for a bank and am disgusted at the way they justs want to sell, sell, sell. It is all about how much more they can squeeze out of a customer than service. Plus the customers with lots of money get a better service and perks than the run of the mill customer.

Financially most UK banks are probably OK, however how will we ever know if troubled banks can go to the government for a bailout without telling us. But then banks are getting bigger and more powerfull as they swallow up smaller ones world wide.