Taxi Driver Online

Todays news

£600Bn bail out debt now stands at £700Bn, and the INTEREST is £70Bn a year.........

so who did we borrow it off?

HMG bailed out the banks, are we saying they didnt use HMG's own money?

Something is not right is it?? Maybe HMG borrowed it from the Sub Prime sector of the banking world??

On another note we could have been worse off if the Government did let the banks go to the wall, infact we'd be in Poo Poo street.

I think that when the government borrow money for such things, the issue government securities and these are purchased by big groups such as pension funds and there is obviously a certain amount of interest to be paid.

_________________
Grandad,

Didnt most of it go to the banks?

banks lend money

so they are now lending money they borrowed off HMG, shouldnt the banks be paying the interest?, shouldnt the BOE have lent the banks the money?

will the banks get late payment letters (£20 each) or unpaid DDM letters (£20 each)...

£20 each??? who do you bank with? Mine are £30 each

_________________
Grandad,

We must also take care of historic debt of 700 billion, or debt accrued by New Labour.

I'm guessing the 70 billion will also include paying some of that debt off.

_________________
IDFIMH

but who do "we" (you maybe, not me - like feck) owe it to, who are we repaying?

who signed the cheques, which account did it come from?

was it cash?

The Arabs, the Chinese, and anyone else who deems us as a good risk.

_________________
IDFIMH

When will you guys get the real picture? It's the banks that really call the shots in this country.... everybody owes everybody and it all goes round and around and hits the taxpayer everytime.....
The banks go belly up get baled out by the BoE, the BoE borrows from the banks and guess who pays for it....

We've always been in poo poo street

And while the people of this country for the next 20 years have to continue to pay off the debt..... Mr Blair and friends..... will sit back raking in the money that will be paid to them as consultants and such from the very companies they have borrowed the money from in the first place... new Labour.... but the same old con..

_________________
Justice for the 96. It has only taken 27 years...........repeat the same lies for 27 years and the truth sounds strange to people!

weve only just finished paying the yanks (who started all this sub-prime lending) for thier generous "help" via lease-lend in WW2

Is that why we let them all in..We owe them!!!

most were already here

do they owe it as well?

cool

No they don't want to come here, they are quite happy making stuff that we buy, and then pay them back with the money we have borrowed off them.

And we thought we were the capitalists.

_________________
IDFIMH