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Scouse

Giant Thundercunt
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Privatise the gains, socialise the losses.

It should fail, the banks and shareholders should take the hit. Either that or uk.gov gets a massive controlling interest and sells shares at massive profit when it's back on it's feet.

Either way: state aid...
 

dysfunction

FH is my second home
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Bastards should just be liquidized unless of course it has more financial consequence to the tax payer than bailing them out.
If only the shareholders and creditors are going to lose out then definitely leave them be.
 

fettoken

I am a FH squatter
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If a bank crashes w/o government help, it’s the customers that takes the Biggest hit right?
 

Tom

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No, because the government guarantees the deposits of customers. Which is understandable, but hardly conducive to banks behaving. It's actually the taxpayers who take the hit.

If the government had its own bank and guaranteed those deposits, but guaranteed nobody else's money in other banks, it'd have the entire market.
 

fettoken

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No, because the government guarantees the deposits of customers. Which is understandable, but hardly conducive to banks behaving. It's actually the taxpayers who take the hit.

If the government had its own bank and guaranteed those deposits, but guaranteed nobody else's money in other banks, it'd have the entire market.

Ah right, i thought that the guarantees were in actuality 'law' (of a minimum amount at least) that each bank has to employ, but you mean it's really the government/taxpayers going in and saving themselves?
 

Raven

Fuck the Tories!
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No, because the government guarantees the deposits of customers. Which is understandable, but hardly conducive to banks behaving. It's actually the taxpayers who take the hit.

If the government had its own bank and guaranteed those deposits, but guaranteed nobody else's money in other banks, it'd have the entire market.

*up to 85k...
 

Job

The Carl Pilkington of Freddyshouse
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So now the census is going to include average earnings...rolling this out. I calculate by 2060 it will include your penis size and your wifi password.
 

Raven

Fuck the Tories!
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Good idea, for record keeping, which is what the census is for.

Earnings would be useful to future researchers, in the same way occupation is now.
 

Bodhi

Once agreed with Scouse and a LibDem at same time
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Silly Americans, thinking that just because we are away for the weekend with work, Sunday 9:30am is an acceptable time to start a meeting.
 

MYstIC G

Official Licensed Lump of Coal™ Distributor
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Privatise the gains, socialise the losses.

It should fail, the banks and shareholders should take the hit. Either that or uk.gov gets a massive controlling interest and sells shares at massive profit when it's back on it's feet.

Either way: state aid...
Shit like this needs to fail for people to realise that business should not carry on this way.

Carillion collapse raises job fears
 

Raven

Fuck the Tories!
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Carillon.

They don't pay their bills, very few private sector businesses are willing to work with them because of this, they put all their eggs in PFI and other public sector.

Their fault, couldn't happen to a nicer company. Shit for their staff.

...its not rocket surgery.
 

Job

The Carl Pilkington of Freddyshouse
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Let the banks take hit...change name, carry on as before...go bust, let the tax payer take the hit, change name, sack 5000 workers, carry on as before...go bust..
 

Raven

Fuck the Tories!
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When they go pop it will cost the tax payer a fuck ton more than bailing them out. They maintain a lot of vital infrastructure and housing.
 

Bodhi

Once agreed with Scouse and a LibDem at same time
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I'll assume those so keen for the shareholders to bail them out don't have a private pension. As when we mention "shareholders" that's pretty much who we mean.
 

Raven

Fuck the Tories!
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"PRIVATE PENSIONS FUCK'UM"

Said thick people, across the land.
 

DaGaffer

Down With That Sorta Thing
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I'll assume those so keen for the shareholders to bail them out don't have a private pension. As when we mention "shareholders" that's pretty much who we mean.

Private pension portfolios deal with failed businesses all the time. Over the long-term such a loss should barely be a blip.

As for the loss of them affecting capital projects; there are plenty of companies salivating to pick up chunks of their business.

The two big questions are 1. Why did Carillion tie up so much of its business in public sector contracts? And 2. Why did the state expose itself to so much risk by putting so many capital and support contracts under one roof? Unfortunately, “noses in the trough” is probably the answer in both cases.
 

Bodhi

Once agreed with Scouse and a LibDem at same time
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Must admit the more I read about this Carillion lot the more impressed with them I get. According to various talking heads on the news, they have managed to rip the taxpayer off for billions whilst also bidding so far under cost they couldn't survive.

Nice trick.
 

Job

The Carl Pilkington of Freddyshouse
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Jesus effin christ..put on a stone over christmas and still hungry.
 

CorNokZ

Currently a stay at home dad
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People are fucking misusing YouTube these days to an extent I can hardly fathom. Who tunes in and spends an hour watching a loonatic in a throne, wearing a leather jacked and has his hair tips bleached telling others what to think?

I want to see people falling over, cats, video games, music videos and old vines. That's pretty much it. Live streaming your opinion should be a death sentence on YouTube
 

fettoken

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That interview. Jeesus, the cringe delivered by her was immense, but the followup article.. Also, the internet is actually horrible. The number of querulous people are way too high that'd go from seeing a Youtube-video to finding out the interviewers name and then mailing/emailing a letter to her. Fuck me, people.
 

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