Old Project Avalon Forum (ARCHIVE) - View Single Post - 50 billion pound bailout for british banks.

10-07-2008, 09:28 PM

What I saw on the news today was that the banks all had plenty of "money" but were not prepared to risk it by lending it to each other.

Apparently though it's OK for our government to give them £50bn of our taxes to let them risk that.

So what happens when they lose that 50bn? Do we give them 50bn more?

More smoke and mirrors....

10-07-2008, 09:28 PM	#3
Steve_G Guest Posts: n/a	Re: 50 billion pound bailout for british banks. What I saw on the news today was that the banks all had plenty of "money" but were not prepared to risk it by lending it to each other. Apparently though it's OK for our government to give them £50bn of our taxes to let them risk that. So what happens when they lose that 50bn? Do we give them 50bn more? More smoke and mirrors....