eatchrisbcreme
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Good Question. It's not right. History shows that allowing business to work by itself (laissez faire) without gov't interference is best for the consumer and vendor.
When the government interferes to save a company it shows CEO's that it's okay to take unnecessary risks because the government will bail you out. Also unfair to competition |
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spiegy2000
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True, it is also strange how these are the "financial experts" who sell us advice, and also coax us into taking loans etc.
It's a bit like taking cooking lessons from Hannibal Lecter. |
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NotEckyBoy
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well of course it's not right but that is an indication of how severe this depression will be.
I never thought I would see, in my lifetime, people queueing in the street to get their money out of a bank before it crashed ( Northern Rock).
Perhaps capitalism's not all it was cracked up to be? |
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colin
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Every year we read that this bank or that back made so many millions in profit . so where does it go each time ?
If they are making so much money why should we " the tax payers bail them out"
Do we get a reduction in our tax from them NO
Do we get better intrest rates from the banks NO
Do we get any benefit NO
Who get its why the shareholders of course and who are they big buisness who are making millions anyway .
Should we bail the banks out . yes if we want to pay more tax
yes if we want to get nothing in return
Yes because we have no say in it !
How would you vote if there were referendum on this ! |
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brendanbehan38
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When the banks make profits they keep them. When they're in trouble they come running to the poor tax payer to bail them out.
The least that should happen is that the heads of senior bankers should roll. |
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nana .know it all
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there is only so many times that this can happen sooner or later the economy will collapse people will lose their houses and jobs let the good times roll |
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Eddy T
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When the government bail out banks, it is actually bailing out your money which you had deposited with them and also to create stability and confidence in the financial markets. London is a world financial centre, its financial markets must work normally. |
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Mephistopheles
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ONLY if, the banks concede ownership to the Government for doing so.
To the tune of the 'Red Flag':
"Then bit by bit we'll nationalise it, so nobody will notice it....." |
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j.pee69
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Yes they should. |
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R S
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Yeah, perhaps... but then that would just perpetuate the poor economy no? And really... we send out so much money in foreign aid is it really going to kill us to bail out a few banks? |
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faceface
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The banks sell us into debt - but debt is the governments problem. Hey presto! Banks win!
Its too late to do nothing now - but the situation leading to the current problem was clearly immoral.
The banks have created a huge social problem, and that is not their problem.
Where did the thousand thousand million dollars actually go? |
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joe w
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yes its right. is would cause mass panic if private banks started to fail. you know like the great depression! every one would remove there money from the banks in a short period of time collapsing the US and the global economy. history has proven this. |
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Mark K
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Why not, they give money to people unwilling to work all the time. The government is full of people who are only interested in getting reelected. |
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IronMan
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Yes, it was the first time ever. If they didn't do it could of caused depression like symptoms. It would have an effect on other economys too. Thats why they did it so quickly over the weekend before the markest opened in the East.
Other countries have money INVESTED in our market because for the longest time it was safe. It seriously would of been catastrophic if the gov't didn't bail them out.
1st grader explination... We bassicly gave 1 company a big tax break if they would buy this other company at super cheap to save them. We didn't exactly buy it, we just persuaded another company too. |
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hotdog
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if us poor sod had some money left over to put in the banks they wouldn't be in such a mess |
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