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I am Brazilian, and living creature very well, logical! how it is to be an Indian poor person, is very bad to? |
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Are we really not required to pay our income tax? |
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If you owe money to the IRS, will they take your stimulus money to be repaid? |
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Earned income credit--age requirement? |
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What are the tax advantages of owning a home? |
Will my wife and i receive more money as we bought a house this year. Additional Details We paid over 10K in mortgage interest and 4K in property takes.... |
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welshbloke | Is it right that the Bank of England helps the "private" banks in these hard times? |
The B.O.E. has dropped the interest base rate twice, the banks didn't pass them on, now the tax payer may have to bear the banks losses..... what else will they do with my (tax) money? |
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Josh
 |
You don;'t really understand what's going on
The BoE aren't a charitable organistation. They are not doing this out of the goodness of their hearts to help the poor little banks keep their 7bn a year profits, at our expense.
LIBOR has gone through the roof, meaning that banks aren't prepared to risk lending to each other .... that's why rates have gone down, to help stimulate the lending, and keep the wheels of liquidity rolling, otherwise the thing could freeze up and rates to you would soar!
You probably won't be out of pocket by the 50bn injection, they're not giving it away, they're throwing it in as security for the banks to lend with one another
EDIT: The guy at the bottom (PERSONAL) who says that the BoE is owned by the same people who own the Federal reserve, ignore him please, that's absolute rubbish |
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spook542
 |
My initial reaction is that it is wrong for the BOE to help these banks out as they are essentially private businesses andss their practises got them into the mess thay are in. Certainly the BOE would assist any other business in this way.
However, if nothing is done and a major high street bank goes down the situation for the people with accounts at this bank will be much worse. They will lose everything.
Therefore I think that it is probably the right thing to do but only to prevent a much worse thing happening.
I do beleive however that conditions should be put on this assistance so that the banks amend their practises so this doesn't happen again. I also think they should have to pay the money back before giving big dividends to shareholders or bonuses to directors. |
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GeckoPie
 |
Theirs no wrong or right answer, its personal opinion. I personally tax payers money shouldn't be used on issues like this. |
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Eddy T
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Bank of England is also the 'bankers' bank' and as such it is its duty to help all banks during these hard times.
It uses interest rates to regulate the monetary system in the economy. Its responsibility is also to provide liquidity to the banking system so that the financial markets can function smoothly.
However, it will take time for banks to adjust themselves to this liquidity change which the Bank of England has provided. Because banks are now undergoing vast changes themselves internally. To increase their debt/capital ratio, to sell rights issues to their shareholders and to sell assest to investors and to revamp their lendings guidelines. To put their banks in order, before they proceed with their normal business of lendings. |
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lucky s
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They are always work that way, this is called mother bank. |
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personalgrowthnow
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The Bank of England is NOT a government body. It is a Private bank owned by the same people who own The Federal Reserve in America. They raise and lower interest rates to control the economy and they do control the economy.
If you want to know and understand all this in detail then watch "The Money Masters", It's free on Google Video. Here is the link...
http://video.google.co.uk/videoplay?docid=-515319560256183936&q=The+Money+Masters&total=1118&start=0&num=10&so=0&type=search&plindex=0&hl=en-GB |
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eastwall
 |
no its not right in my opinion , i've started my own business last august and ran up a bit of credit card debth , the banks are advertising on the radio looking for new start up business customers . when i went in to see them about a business loan they told me i have to have 12 months books , if i had 12 months books i would'nt be a start up business , so i say fcuk them . |
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Blazing Pen Avenger.
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Yet another bucket of steaming excrement. £50b - oh dear! Ought had been £500b - a much more realistic 'number.' (One of the Big 5's mortgage 'portfolio' stands at £100b.) Let us hope, that, The Hon David Steel J of the High Court's Mercantile Court Division, puts them (the Banks) firmly in their place, by doing what is good and fair. Mortgages!! 25 years of paying interest, followed by, another 25 of paying the principal. A life sentence. People never ever 'own' their home. The Government does, and, the Banks and the papermoney ('comedian') moneylenders (acting on the Executive's behalf) ensure the break-up of decent families. Thank God for the Judiciary. |
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