howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
yep labour govt managed to keep em low
next 2/3 years will be hell for a lot of people
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
LOL Keith you are such a card.....LOL.....
Labour left us in the position we are in now because of their mismanagement.
In addition yes, they did keep interest rates too low for too long and that resulted in a massive housing bubble that has now popped. Low mortgage rates are no good for anyone if they have to borrow a lot more to buy their home....Rates always go up from a low base there is nowhere else for them to go.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Ah Keith - it is not so funny though for the people your lot left in negative equity and/or in massive debt simply because Brown got his inflation brief to the Bank of England wrong.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i had a feeling that party point scoring would come into play.
this is about the bank of england and their advice to banks.
the three bullet points near the top of the link make interesting reading.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
oh gawd Keith - I suggest that people can define what you was trying from your first post, it certainly made me laugh.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
ALL POSTS ARE MY OWN PERSONAL VIEWS
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
so will the banks listen to mr king and issue loans to home buyers and small businesses and cut dividends to shareholders and bonuses to staff?
i think they will not, it will be a case of "i am all right jack, pull the ladder up" hope i am proved wrong.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
howard;
you are correct as the leading economist, financial whiz kid on tv said recently the haves will HAVE far more while the HAVE NOTS will be even worse off
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
By 'have nots' I presume you mean those who are a bad credit risk and the conundrum is that lending to such people was a part of the initial problem and all the talk of lending more cannot make a bad risk into a good one. There is a balance that will need to be struck.
The BoE had an important role restored to them recently that was originally removed by Brown in banking regulation and we are starting to see the affect of that and a good thing that is too. The banks have to take note of what King is saying and act on that, quite rightly so. This is another balancing act as bonuses still need to be paid to reward good performance and dividends will need to be paid to attract investment and maintain the share price - something important to the taxpayer for those that were bailed out. I repeat there is a balancing act for the banks on three fronts here, liquidity, bonuses and attracting investment.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
barry
you seem to be saying that mogadon man is right then say that bonuses and share dividends should stay.
mr king is quite clear that they should be shelved.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
howard;
it looks like barryw stays in his present mode of those getting millions in wages and/or bonus's thats fine
whilst those on the poverty line or below it continue to suffer
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Howard -
There is a balance that has to be struck - do you know the meaning of the word 'balance' or did you just not bother to read what I said properly. The banks cannot build up cash reserves if they cannot get investment for which dividends will need to be paid and they need to make profits as well for the reserves and those dividends. When determining those they must take into account the need to strengthen their balance sheets as well ahead of the hurricane that on its way. A balancing act between all three needs is required. Their best revenue generating staff will still need incentivising to build those profits/reserves. Keith - you too, read what is actually said and try to understand it so you do not say silly things.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
kindly don't speak down to me barry, i think with the help of wikipedia i can somehow divine the interpretation of the word "balance".
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The Bankers certainly know how to ``Balance`` their Bonuses.
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
I would just like to add to this,If you have had a loan or credit card ,or even that you still use it,think about if they have stoped cash from it without you knowing about it, you think they have not,I did not know at the time they were doing it to me but they did,and I just wrote off asking a solicitor to look into it for me,and after just under a year, I got cash back and it did not cost me anything. As I said I did not know they had done it. Barry might help you on this one too,just up his street. Even if you think it has not happen to you get it look at you never know.
Guest 649- Registered: 12 Mar 2008
- Posts: 14,118
I would just like to add to this,If you have had a loan or credit card ,or even that you still use it,think about if they have stoped cash from it without you knowing about it, you think they have not,I did not know at the time they were doing it to me but they did,and I just wrote off asking a solicitor to look into it for me,and after just under a year, I got cash back and it did not cost me anything. As I said I did not know they had done it. Barry might help you on this one too,just up his street. Even if you think it has not happen to you get it look at you never know.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Howard - then why did you ignore what I said to post something totally that was frankly a figment of your imagination and nothing factually to do with what I was saying. You got the response to that comment it deserved.
