Effects of Austerity Cuts part 58
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 johnno42000  11 Jun 15 2.56pm |
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Quote Stuk at 11 Jun 2015 1.46pm
Quote johnno42000 at 11 Jun 2015 1.31pm
Quote Stuk at 11 Jun 2015 1.19pm
Quote johnno42000 at 11 Jun 2015 12.17pm
Gordon Brown selling off gold cost the UK around £5 billion. [Link] George Osborne selling off RBS costs UK £7 billion. [Link] Why aren't the Tories complaining about such wastefulness? As someone who is not a financial genius I do find it strange that Osborne seems to be getting rid of any assets the UK may have for whatever price he can get, a bit like a boot sale. Edited by johnno42000 (11 Jun 2015 12.18pm) Darling estimated we'd lose £30-50bn when he bailed out the guy they knighted. Doesn't really excuse Osborne though. It seems people are very quick to attack Brown for selling things that makes the UK a loss, less so Osborne which, to me, is unfair.
A review from Rothschild investment bank said that, despite this price gap, taxpayers can expect to make £14bn more than it paid out in bank bailouts if the sale of bank assets and fees already received are taken into account. RBS has already paid back about £5bn in fees and repayments for insurance systems set up by the government as part of the bailout. Brown sold gold reserves at the lowest price for 20 years and reinvested some of it in f***ing Euros. He sold it at about a quarter of the value it was worth, in 1980, and it then went on quintuple in price over the next decade. If RBS shares are trading at nearly £19 per share in 10 years it'll be a miracle. I thought those figures were for all the bank bailouts. For the RBS one there is a loss of £7 billion.
'Lies to the masses as are like fly's to mollasses...they want more and more and more' |
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Stuk  Top half 11 Jun 15 3.08pm |
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Quote johnno42000 at 11 Jun 2015 2.56pm
Quote Stuk at 11 Jun 2015 1.46pm
Quote johnno42000 at 11 Jun 2015 1.31pm
Quote Stuk at 11 Jun 2015 1.19pm
Quote johnno42000 at 11 Jun 2015 12.17pm
Gordon Brown selling off gold cost the UK around £5 billion. [Link] George Osborne selling off RBS costs UK £7 billion. [Link] Why aren't the Tories complaining about such wastefulness? As someone who is not a financial genius I do find it strange that Osborne seems to be getting rid of any assets the UK may have for whatever price he can get, a bit like a boot sale. Edited by johnno42000 (11 Jun 2015 12.18pm) Darling estimated we'd lose £30-50bn when he bailed out the guy they knighted. Doesn't really excuse Osborne though. It seems people are very quick to attack Brown for selling things that makes the UK a loss, less so Osborne which, to me, is unfair.
A review from Rothschild investment bank said that, despite this price gap, taxpayers can expect to make £14bn more than it paid out in bank bailouts if the sale of bank assets and fees already received are taken into account. RBS has already paid back about £5bn in fees and repayments for insurance systems set up by the government as part of the bailout. Brown sold gold reserves at the lowest price for 20 years and reinvested some of it in f***ing Euros. He sold it at about a quarter of the value it was worth, in 1980, and it then went on quintuple in price over the next decade. If RBS shares are trading at nearly £19 per share in 10 years it'll be a miracle. I thought those figures were for all the bank bailouts. For the RBS one there is a loss of £7 billion. To make anything out of that mess, other than an enormous loss, has been unbelievable. He can't force the market to go up to the share price paid. It might never get there, it might even go down further.
Optimistic as ever |
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| johnfirewall 11 Jun 15 3.23pm |
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Either way, on the combined prices of Lloyds, RBS, Northern Rock etc. there's billions in profit. The fact that Brown made a loss goes some way to answering the question. Edited by johnfirewall (11 Jun 2015 3.24pm)
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| johnno42000 11 Jun 15 3.35pm |
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Looks like the figure could be nearer £13 billion according to these sites: Not sure how you can combine all the banks figures and say look it's a success. If Palace sold 3 players and made large profits on them, and then sold a player and made a large loss people would turn round and say well done for making a large profit on the 3 players they would also say you've cocked up by selling the one player at a large loss.
'Lies to the masses as are like fly's to mollasses...they want more and more and more' |
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| johnfirewall 11 Jun 15 4.19pm |
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Quote johnno42000 at 11 Jun 2015 3.35pm
Not sure how you can combine all the banks figures and say look it's a success. If Palace sold 3 players and made large profits on them, and then sold a player and made a large loss people would turn round and say well done for making a large profit on the 3 players they would also say you've cocked up by selling the one player at a large loss. It's what sucessful businesses do all the time.
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| johnno42000 11 Jun 15 5.29pm |
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Quote johnfirewall at 11 Jun 2015 4.19pm
Quote johnno42000 at 11 Jun 2015 3.35pm
Not sure how you can combine all the banks figures and say look it's a success. If Palace sold 3 players and made large profits on them, and then sold a player and made a large loss people would turn round and say well done for making a large profit on the 3 players they would also say you've cocked up by selling the one player at a large loss. It's what sucessful businesses do all the time. It shouldn't exempt Osborne for criticism when he sells an individual item at a huge loss, just like he should be told well done if he sells an individual item at a profit.
'Lies to the masses as are like fly's to mollasses...they want more and more and more' |
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| nickgusset Shizzlehurst 12 Jun 15 7.09am |
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| npn Crowborough 12 Jun 15 7.31am |
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Quote nickgusset at 12 Jun 2015 7.09am
Fire brigade made a judgement call about risk. If we could afford it, it would be nice to have a fully manned fire station on every corner, obviously we can't. Likewise rape cases would plummet if every woman were escorted by a police officer, also not practical. Assuming you're talking about the additional risk, that risk is exactly the same as if the fire crew were on another shout
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| derben 12 Jun 15 8.03am |
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Nick's 'point' is to spend his days trawling through the internet to find anything he can that is critical of the government and the UK system in general. He no doubt thinks he is helping to build a movement that will sweep away our wicked Capitalist society and replace it with a 'Peoples Republic' where everyone will live in unimaginable luxury while working a 15 hour week in super efficient state run 'industries'.
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| nickgusset Shizzlehurst 12 Jun 15 8.25am |
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Quote npn at 12 Jun 2015 7.31am
Quote nickgusset at 12 Jun 2015 7.09am
Fire brigade made a judgement call about risk. If we could afford it, it would be nice to have a fully manned fire station on every corner, obviously we can't. Likewise rape cases would plummet if every woman were escorted by a police officer, also not practical. Assuming you're talking about the additional risk, that risk is exactly the same as if the fire crew were on another shout
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Johnny Eagles  berlin 12 Jun 15 8.29am |
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Quote npn at 12 Jun 2015 7.31am
Fire brigade made a judgement call about risk. If we could afford it, it would be nice to have a fully manned fire station on every corner, obviously we can't. Likewise rape cases would plummet if every woman were escorted by a police officer, also not practical. Assuming you're talking about the additional risk, that risk is exactly the same as if the fire crew were on another shout Get you with the fireman lingo. Someone's been watching 'London's Burning'!
...we must expand...get more pupils...so that the knowledge will spread... |
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| derben 12 Jun 15 8.29am |
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Quote nickgusset at 12 Jun 2015 8.25am
Quote npn at 12 Jun 2015 7.31am
Quote nickgusset at 12 Jun 2015 7.09am
Fire brigade made a judgement call about risk. If we could afford it, it would be nice to have a fully manned fire station on every corner, obviously we can't. Likewise rape cases would plummet if every woman were escorted by a police officer, also not practical. Assuming you're talking about the additional risk, that risk is exactly the same as if the fire crew were on another shout
The rich pay the most in taxes and fund the various drains down which vast amounts of money are poured by the state.
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