Quote:
Originally Posted by PodWORLD
You're right Sol that the banks are asking for money. That's because if they ask for it they'll probably get it. They're also losing money on it. They borrow at LIBOR and then put it in the ECB earning a lower rate. I think the interest rate cut from Brown was part of a political war between him and the banks to force them to lend the money because it would cost them more to keep it. I think it's a disgrace that these guys are keeping there jobs when clearly they were not only lying to us but each other. Madness.
Just my opinion and opinions are still free. Well until subscriptions start.  |
ROFL
'well until subscription starts'... dammit I was trying to drink my tea not irrigate my nasal passage ...
and i agree 100% with you. The banks are playing dirty and the Gov should of just sadi 'right, you all failed, you all went bust, nationalised and then sorted out.
People say that would make it worse, but if the Bank of England actually belonged to us and not a private company...