WikiWirral is where great friendships are made.
Forum Stats
12137 Members
65 Forums
72392 Topics
976130 Posts
25 posts in the last 24hrs
Max Online: 7831 @ 8th Apr 2013 4:18pm
Who's Online - Click Me
51 registered (11kendo, 7 invisible), 733 Guests and 130 Spiders online.
Key: Admin, Global Mod, Mod
Social Media : Follow Us


(Views 7days)This Weeks Most Read
HMT Lancastria 559
Another Big Waste Fire in Liverpool. 474
Vet help 468
Name help 422
Talk Talk Security Breach 248
Another tree down on Arrowe park Road? 243
Mobile mechanic needed to fit a wishbone 206
That was kept a bit quiet? 190
RIP Peter Vaughan 148
MIG welder 132
New General Forums
Lib/dems rule the day
by JimmyG
2nd Dec 2016 10:59pm
Daft funny joke
by venice
2nd Dec 2016 5:54pm
We dont learn much.
by venice
1st Dec 2016 9:22pm
Freegle
by venice
1st Dec 2016 6:36pm
New Wirral History
Name help
by Paternoster21
3rd Dec 2016 8:03am
HMT Lancastria
by granny
2nd Dec 2016 11:38pm
Cubitts Holland and Hannen
by fish5133
27th Nov 2016 5:38pm
Fire station
by chris7777
22nd Nov 2016 12:24pm
Buy a house in Greasby for 12s a week - in 1935
by yoller
6th Oct 2016 6:56pm
Forum Tips
Photo Gallery Forums
fireworks on the Mersey last night
Hadlow train station
Topic Replies
Blank Page : Offline
by Mark
08:08 AM
Vet help
by venice
09:57 PM
HMT Lancastria
by cools
04:59 PM
Micro desktop PC
by anniebo28
02:24 PM
Talk Talk Security Breach
by Gibbo
01:15 PM
RIP Peter Vaughan
by Gibbo
10:56 AM
Another Big Waste Fire in Liverpool.
by Gibbo
10:53 AM
Iphone 5s, Grey, near mint condition, 50
by anniebo28
7th Dec 2016 9:39pm
Mobile mechanic needed to fit a wishbone
by anniebo28
7th Dec 2016 7:30pm
December
M Tu W Th F Sa Su
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31
Recent Posts : What's On ?
Wirral TUC Meeting re Update on Wallasey CLP Suspe
by RUDEBOX
30th Nov 2016 9:16pm
World Aids Day Event 2016. Liverpool
by RUDEBOX
30th Nov 2016 9:05pm
Topic Options
Rate This Topic
#221959 - 20th Apr 2008 7:47pm Government To Loan Banks 50Billion
MattLFC Offline
Wiki Master

Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
Originally Posted By: BBC News
A plan to loan billions of pounds to British banks is needed to stop the UK's financial crisis worsening, the chancellor has said.

Alistair Darling added that without the Bank of England's intervention there was "every chance" the situation would get worse.

Mr Darling confirmed a scheme to lend banks money to help them operate during the credit squeeze.

But he insisted that the loans would have to be paid back.

The BBC understands that the Bank will announce the plans to swap about 50bn worth of government bonds for British banks' mortgages.

Business editor Robert Peston said it would be the biggest ever special initiative by the British monetary authorities to supply liquidity to the British banking system.

This is absolutely disgusting, these bank's post record profit's each and every year, are making billion's of pound's, are ripping consumer's off left, right and centre, and we, the public, have to bail them out when the going get's tough...

How about they start lending responsibly, and start ploughing some of the tens of billions of pounds profit they have been making back into their operations when times get hard...

I like the Lib Dems stance on this latest Labour farce:

Quote:
But Liberal Democrat Treasury spokesman Vince Cable expressed concern that the government was offering the banks too good a deal.

"We cannot have a situation where the banks are able to privatise their profits and nationalise their losses," he said.

"Since the mortgages from the banks are of inferior quality and higher risk than the government bonds which they are replacing, the implication must be that taxpayers are shouldering the risks and losses of the banks.

"We need urgent reassurances from the Government that the exchange is taking place on a discounted basis so that the banks and not taxpayers carry any losses."

How anyone can even consider still voting Labour is beyond me... they are killing this country and robbing the taxpayer in everything they do!!!

lamethrower

BBC News Report

Top
National News : Advertising
Click me for more Information......


Looking for a Service / Tradesman? Look in our Local Business Directory. Click Me
#221960 - 20th Apr 2008 7:50pm Re: Government To Loan Banks 50Billion [Re: MattLFC]
MattLFC Offline
Wiki Master

Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
I also refer people to evidence of the banks still making record profits:

Originally Posted By: BBC News
HSBC, the UK's largest bank, has said it has made a $17.2bn (8.7bn) loss after the decline in the US housing market hit the value of its loans.

But its annual profits still rose 10% to $24.2bn (12.2bn), up from $22.08bn the year before.

BBC News Report

Top
#222584 - 25th Apr 2008 1:51pm Re: Government To Loan Banks 50Billion [Re: MattLFC]
Brian Offline
Newbeee

Registered: 17th Mar 2008
Posts: 42
Loc: DownEast Maine, USA. Ex-Moreto...
Originally Posted By: MattLFC

<...>
How anyone can even consider still voting Labour is beyond me... they are killing this country and robbing the taxpayer in everything they do!!!


It will be interesting to see how much of a resurgence the Lib Dems have at the next election from people who can't bear to vote Tory under any circumstances. From what I read this side of the pond, it's now at least arguable that the Lib Dems are the left wing party in the UK.

Brian.

Top
#222594 - 25th Apr 2008 2:45pm Re: Government To Loan Banks 50Billion [Re: Brian]
chriskay Offline
Forum Veteran

Registered: 25th Oct 2007
Posts: 4868
Loc: shropshire
Brian; you're right. The difference between Labour & Conservative is becoming more & more like the difference between Republican & Democrat
_________________________
Carpe diem.

Top
#222665 - 25th Apr 2008 7:39pm Re: Government To Loan Banks 50Billion [Re: chriskay]
MattLFC Offline
Wiki Master

Registered: 14th Aug 2004
Posts: 22315
Loc: Moreton/Beirut/Mobile
I think the problem with the Tories is actually Labour becoming more and more alike them every day. This is the reason people are now stuck for a way to vote.

Ive always voted Tory, mainly because my father has (although my mums side were always very much Labour after Angela Eagle got in locally).

I think the Lib Dems have some great ideas but their lack of real following within the UK put's me off making a vote for them; I want a vote that counts, not just one that takes away from the inevitable Tory or Labour win.

I do feel that people should vote Conservative over Labour at the next GE, but only for one reason - you know what you will get with the Tories (and maybe this new gang wont have so much sleaze as the tories of old). Labour seem to be moving further and further away from their traditional core values and following a Tory scheme, so whats the point in voting for an opposing party, if you can't actually be sure what they are going offer, or if they are actually going to be any different from the other party.

Id rather know what im letting myself in for then wait and risk it.

smile

Top
#226736 - 12th May 2008 9:19am Re: Government To Loan Banks 50Billion [Re: MattLFC]
LadyBubble
Unregistered


I totally agree. For me Labour have had their day - I never could, and still can't, warm to Gordon Brown. The latest is that he needs the assistance of Tony Blair to help him to get back on track. Also looks like John Prescot was never, well, erm , let's just say his number one fan either! Mmmm too many mistakes in too short a time!

The Government can help the housing problem in an instant, without throwing money at lenders by
a) reducing stamp duty thresholds and
b) overriding the MPC and lowering interest rates.

This would help first time buyers and reduce the number of repossessions.

Top

Moderator:  Mod 
Random Wirral Images

Click to View Topic.
Newest Topics
Talk Talk Security Breach
by fish5133
7th Dec 2016 6:19pm
Mobile mechanic needed to fit a wishbone
by anniebo28
6th Dec 2016 7:13pm
Vet help
by colin86
6th Dec 2016 6:25pm
Another tree down on Arrowe park Road?
by Davefabo
6th Dec 2016 11:08am
Game shocking prices!!!
by eddtheduck
5th Dec 2016 4:55pm
For Sale & Free
Micro desktop PC
by anniebo28
Yesterday at 02:24 PM
Iphone 5s, Grey, near mint condition, 50
by anniebo28
7th Dec 2016 7:40pm
Roberts Concerto 2 CD Player For Visually Impaired
by Tranquil
6th Dec 2016 10:05pm
Gaming chair
by monsterz4
6th Dec 2016 8:27pm
MIG welder
by anniebo28
6th Dec 2016 1:34am
Featured Member
Registered: 23rd Aug 2010
Posts: 724
Newest Members
lucyw, BarbaraL, SherryLover, missyb, DavidSharpe
12137 Registered Users
Today's Birthdays
No Birthdays
New Wirral Info
Gymnastics coaches needed.
by margy
3rd Dec 2016 9:28pm
Wirral Globe
by locomotive
1st Dec 2016 6:25pm
Wirral TUC Meeting re Update on Wallasey CLP Suspe
by RUDEBOX
30th Nov 2016 9:16pm
World Aids Day Event 2016. Liverpool
by RUDEBOX
30th Nov 2016 9:05pm
A job. Company not named.
by venice
30th Nov 2016 6:30pm
News : New Topics
RIP Peter Vaughan
by diggingdeeper
7th Dec 2016 4:22am
That was kept a bit quiet?
by venice
6th Dec 2016 11:25am
Another tree down on Arrowe park Road?
by Davefabo
6th Dec 2016 11:08am
Bunchems Xmas present warning
by venice
6th Dec 2016 9:28am
Another Big Waste Fire in Liverpool.
by Wally1
4th Dec 2016 10:24am
New Enthusiast Forums
Talk Talk Security Breach
by fish5133
7th Dec 2016 6:19pm
Mobile mechanic needed to fit a wishbone
by anniebo28
6th Dec 2016 7:13pm
Vet help
by colin86
6th Dec 2016 6:25pm
Game shocking prices!!!
by eddtheduck
5th Dec 2016 4:55pm
54 plate renault clio 3rd brake light
by Mike72
1st Dec 2016 12:52pm
(Views 24hrs)Trending Newest Topics
Wirral Sunrise Sunset
Sunrise Fri 8:16am
Sunset Fri 3:53pm
Local Time Fri 1:34pm
WikiWirral Can . . . .