Monday, October 13, 2008

Solely a Scottish Shareholder Salvage

Well I have read the press, watched the excruciatingly overlong Downing Street press conference and have concluded that all the 37 billion presently being discussed is entirely to be devoted to rescuing the Labour Party North of the English border. I can remember banks coming and going throughout my lifetime, others too may remember these names: Martins Bank National Provincial Bank Midland Bank They have all gone in one way or another - WHY NOT the Halifax Bank of Scotland and the Royal Bank of Scotland. The only other bank presently involved seems to be Lloyds TSB which was perfectly viable before they became entwined in the machinations of the demented Gordon Brown - now presumably the Lloyds shareholders are to be punished/sacrificed for having doubts on the originally hastily cobbled together deal. British taxpayers can neither afford nor pay for this deal which does not direct a single penny towards the source of the problem - the exploded house price bubble. A MOTION OF NO CONFIDENCE IN THE GOVERNMENT SHOULD TODAY BE TABLED IN PARLIAMENT AND ANY ENGLISH CONSTITUENCY MP NOT VOTING AGAINST THE GOVERNMENT SHOULD BE MADE AWARE OF THE CERTAIN CONSEQUENCE! Has the 37 billion helped the liquidity crisis? Well consider this, the Three Month Interbank Sterling Interest Rate has dropped point one tenth of one per cent from6.28 to 6.27 per cent - DISASTER!

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