Dear Guest
Thank you for visiting! est189 will soon be closing its doors (do forums have doors?) please visit the following thread - (to wail & cry perhaps?)
https://www.est1892.co.uk/forums/showthread.php?p=4002484#post4002484
Thanjk you.
Paul.S
Yes they will interfere as they now own 60% of RBS. It is now the governments responsibility
the government bailed out the banks because they had to, the fabric of our capitalist society was falling apart. the failure of our capitalist system is the failure of democracy. if i was a complete cynic i'd say they were simply looking after themselves. ask yourself a question why are they not bailing out the thousands that are getting their homes repossessed?
even though the government own 60% saj, you need to examine what they want out of that 60%. in the first instance they wanted to stop the bank from going under. in the second instance they want to maximise their return. RBS no doubt has numerous deals that are up for re-financing. the H&G deal whether we like it or not is profitable for the bank. they pay their monthly payments and can demonstrate equity to minimise their risk. even if they were to default on the loan RBS would own an asset worth far more than the £350 million loan.
Finally if RBS were to refuse to re-finance (i actually think like with everything else going on RBS will agree to a re-finance but on better terms for the bank) what are we left with? the potential of a state owned football team? the bank and government's responsibility here is to make money - nothing else!
I want these cunts out as much as everyone else but this will not happen. it doesn't make financial sense for the bank and the precedence set by the government if they did interfere would be extremely damaging for them.
I also have no doubt that there are agreements of what the government would and wouldn't do when it bailed our RBS, I guarantee that there will have been something about not interfering in the day to day decisions of the bank. It was a bail out not a nationalisation.
all my opinion of course but i'm trying to look at this in an objective manner rather than as a fan clinging on to what may be my last chance of salvation.
No seriously I don't disagree with what you've posted, but I did actually think you hob nobbed with the chattering classes going on what you posted once previously.
the government bailed out the banks because they had to, the fabric of our capitalist society was falling apart. the failure of our capitalist system is the failure of democracy. if i was a complete cynic i'd say they were simply looking after themselves. ask yourself a question why are they not bailing out the thousands that are getting their homes repossessed?
even though the government own 60% saj, you need to examine what they want out of that 60%. in the first instance they wanted to stop the bank from going under. in the second instance they want to maximise their return. RBS no doubt has numerous deals that are up for re-financing. the H&G deal whether we like it or not is profitable for the bank. they pay their monthly payments and can demonstrate equity to minimise their risk. even if they were to default on the loan RBS would own an asset worth far more than the £350 million loan.
But surely, Goverment/RBS and all their various analysts (Credit/ Risk) will know that they can get all their money back by forcing the sale of Liverpool - they are looking to recoup money for stability now as oppose to making a profit on interest over the next few years even though they may not exist?
Finally if RBS were to refuse to re-finance (i actually think like with everything else going on RBS will agree to a re-finance but on better terms for the bank) what are we left with? the potential of a state owned football team? the bank and government's responsibility here is to make money - nothing else!
I want these cunts out as much as everyone else but this will not happen. it doesn't make financial sense for the bank and the precedence set by the government if they did interfere would be extremely damaging for them.
I also have no doubt that there are agreements of what the government would and wouldn't do when it bailed our RBS, I guarantee that there will have been something about not interfering in the day to day decisions of the bank. It was a bail out not a nationalisation.
all my opinion of course but i'm trying to look at this in an objective manner rather than as a fan clinging on to what may be my last chance of salvation.
No seriously I don't disagree with what you've posted, but I did actually think you hob nobbed with the chattering classes going on what you posted once previously.
no i still have conversations there. mr brown is thinking all his xmas' have come at once as this is something he understands better than anything else. he absolutely loved it when he's rescue approach was adopted globally.
in all honesty this government is on its last legs, they no longer have the caliber of ministers they did in 97. can you imagine how desperate brown is bringing mandleson back. they hate each other. the home secretary's a joke, the chancellor has hardly said anything of value and hazel should go back to working at tesco's - by the way she leads the governments response to terrorism and believe me she has no idea of whats going on and how the government's interventions are making it worse.
in this context i really don't think this government will do anything more to rock the boat. they'll call an election as late as possible and hope that they can forge a government with the liberals.
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