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Old 10-08-2008, 11:49 AM   #7
jack5
Avalon Senior Member
 
Join Date: Sep 2008
Posts: 5
Default Re: 50 billion pound bailout for british banks.

Quote:
Originally Posted by Sunrunner View Post
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....
the money does not exist in the first place.It is all numbers on a computer screen.If all the people with accounts called to draw out their money banks would have to shut shop in no time.The reptilian hybrid banking system is a complete sham ,lending money that does not exist in the first place at interest.What a comlete scam!
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