The Virtual Pub
Come Inside... => Saloon Bar => Topic started by: Grumpmeister on September 30, 2008, 05:32:31 PM
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And then you realise just where the money to protect these savings is going to come from. You are going to be taxed to the hilt to protect your savings folks.
Prime Minister Gordon Brown has told the BBC that he will do "whatever it takes" to protect people's savings.
Legislation to guarantee bank deposits up to £50,000 - compared with the current £35,000 - is expected shortly.
He declined to offer an unlimited guarantee, as has happened in Ireland, but pointed out the government had not let any UK depositor lose out.
He pointed to actions over Northern Rock, HBOS and Bradford & Bingley to show how they protected savings.
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I want a gun
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I want a gun
Nope they rather cleverly banned guns, knives and any other weapon you might use to defend yourself... noooo:
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The problem is confidence. By guaranteeing savings there is less likely that there will be a run on a bank. It's that run that ultimately destroys the bank as they need the liquidity given by savings to keep going.
If we 'don't panic' then we're not 'doomed'
(As Capt. Mainwaring might say)
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But I don't want to pay to save peoples savings!
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Then you are like me and a great many others. Meanwhile the Government will put on a condescending voice and tell us that "You don't understand"
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I understand perfectly. I've done my research the last few days and to be frank I can't see anyway that I can be damaged by banks going bust. In fact I think it would be a good thing. Get things back on an even keel.
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You get paid cash in hand then?
Suppose it's your employers bank that goes bust - where would you be then?
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I understand perfectly. I've done my research the last few days and to be frank I can't see anyway that I can be damaged by banks going bust. In fact I think it would be a good thing. Get things back on an even keel.
I agree but as Gordon the Moron will tell you again and again ~ "It's Global - You have to understand that"
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You get paid cash in hand then?
Suppose it's your employers bank that goes bust - where would you be then?
Claiming benefit! happy001
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It would be interesting wouldn't it...
Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse...
HMG would have to pick up the cost of their care...
But where exactly would their savings have gone...?
Some bastard must have them somewhere... rubschin:
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Thing is they don't actually exist do they. It is only digitally or on paper. There is more "money" in the economy than actually exists.
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It would be interesting wouldn't it...
Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse...
HMG would have to pick up the cost of their care...
But where exactly would their savings have gone...?
Some bastard must have them somewhere... rubschin:
A point I made some days ago ~ Somebody has all this money .... it hasn't just vanished. Find it, take it back and the problem is solved. Of course that assumes it ever existed in the first place.
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It would be interesting wouldn't it...
Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse...
HMG would have to pick up the cost of their care...
But where exactly would their savings have gone...?
Some bastard must have them somewhere... rubschin:
A point I made some days ago ~ Somebody has all this money .... it hasn't just vanished. Find it, take it back and the problem is solved. Of course that assumes it ever existed in the first place.
Soooo... if everybody took their money out (not from the bank of squeaky floorboard obviously), the BoE would have to print more money...?
Printing money = hyper inflation...
A bit like Zimbabwe then... noooo:
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It would be interesting wouldn't it...
Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse...
HMG would have to pick up the cost of their care...
But where exactly would their savings have gone...?
Some bastard must have them somewhere... rubschin:
A point I made some days ago ~ Somebody has all this money .... it hasn't just vanished. Find it, take it back and the problem is solved. Of course that assumes it ever existed in the first place.
Soooo... if everybody took their money out (not from the bank of squeaky floorboard obviously), the BoE would have to print more money...?
Printing money = hyper inflation...
A bit like Zimbabwe then... noooo:
Exactly! Which is why the government are rushing to prop them up. Because if confidence is lost and everyone withdraws their money there won't be enough. Leading to widespread panic and civil unrest.
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From 'It's a Wonderful Life.
George Bailey is trying to stop a run on the Building and Loan:
No, but you . . . you . . . you're thinking of this place all
wrong. As if I had the money back in a safe. The money's not
here. Your money's in Joe's
house . . .
(to one of the men)
. . . right next to yours. And in the Kennedy house, and Mrs.
Macklin's house, and a hundred others. Why, you're lending them
the money to build, and then, they're
going to pay it back to you as best they can. Now what are you
going to do? Foreclose on them?
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It would be interesting wouldn't it...
Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse...
HMG would have to pick up the cost of their care...
But where exactly would their savings have gone...?
Some bastard must have them somewhere... rubschin:
A point I made some days ago ~ Somebody has all this money .... it hasn't just vanished. Find it, take it back and the problem is solved. Of course that assumes it ever existed in the first place.
Soooo... if everybody took their money out (not from the bank of squeaky floorboard obviously), the BoE would have to print more money...?
Printing money = hyper inflation...
A bit like Zimbabwe then... noooo:
Exactly! Which is why the government are rushing to prop them up. Because if confidence is lost and everyone withdraws their money there won't be enough. Leading to widespread panic and civil unrest.
rubschin: And a change of Government (He said hopefully)
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It would be interesting wouldn't it...
Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse...
HMG would have to pick up the cost of their care...
But where exactly would their savings have gone...?
Some bastard must have them somewhere... rubschin:
A point I made some days ago ~ Somebody has all this money .... it hasn't just vanished. Find it, take it back and the problem is solved. Of course that assumes it ever existed in the first place.
Soooo... if everybody took their money out (not from the bank of squeaky floorboard obviously), the BoE would have to print more money...?
Printing money = hyper inflation...
A bit like Zimbabwe then... noooo:
Exactly! Which is why the government are rushing to prop them up. Because if confidence is lost and everyone withdraws their money there won't be enough. Leading to widespread panic and civil unrest.
rubschin: And a change of Government (He said hopefully)
To be quite frank I don't think any of the main parties would do anything different. They are all cut from the same cloth with their noses in the same trough. noooo:
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It would be interesting wouldn't it...
Imagine if all the old people in 'homes' that are forced to pay for their care because they have more than 6d in savings were to lose the lot in a banking collapse...
HMG would have to pick up the cost of their care...
But where exactly would their savings have gone...?
Some bastard must have them somewhere... rubschin:
A point I made some days ago ~ Somebody has all this money .... it hasn't just vanished. Find it, take it back and the problem is solved. Of course that assumes it ever existed in the first place.
Soooo... if everybody took their money out (not from the bank of squeaky floorboard obviously), the BoE would have to print more money...?
Printing money = hyper inflation...
A bit like Zimbabwe then... noooo:
Exactly! Which is why the government are rushing to prop them up. Because if confidence is lost and everyone withdraws their money there won't be enough. Leading to widespread panic and civil unrest.
rubschin: And a change of Government (He said hopefully)
To be quite frank I don't think any of the main parties would do anything different. They are all cut from the same cloth with their noses in the same trough. noooo:
Very true but a change is as good as a rest.
Change the President in the US and the Government here and the two big stock markets would instantly pick up IMHO
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That's true. At least it would signal that they can't continue to ride roughshod!
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Meanwhile I've been trying to do some online banking since 9am...
"Service unavailable ~ we are temporarily busy"
Banghead
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I wonder why? rubschin:
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From 'It's a Wonderful Life.
George Bailey is trying to stop a run on the Building and Loan:
No, but you . . . you . . . you're thinking of this place all
wrong. As if I had the money back in a safe. The money's not
here. Your money's in Joe's
house . . .
(to one of the men)
. . . right next to yours. And in the Kennedy house, and Mrs.
Macklin's house, and a hundred others. Why, you're lending them
the money to build, and then, they're
going to pay it back to you as best they can. Now what are you
going to do? Foreclose on them?
Excellent! ;D
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I imagine they're shifting a load of noughts around ::)
Banghead
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There is more "money" in the economy than actually exists.
Just like the number of people in the population
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Meanwhile I've been trying to do some online banking since 9am...
"Service unavailable ~ we are temporarily busy"
Banghead
Have had similar problems accessing the NatWest Bankline.
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Not really a surprise is it. They'll all be praying for closing time .... I suspect it is a case of "If we can just get through to Friday"
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Meanwhile I've been trying to do some online banking since 9am...
"Service unavailable ~ we are temporarily busy"
Banghead
Have had similar problems accessing the NatWest Bankline.
5 hours later, success at last. Online banking, the faster and more convenient alternative ::)
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I got a call from mine earlier.
"Can you confirm your password?"
"Yes, tell it to me and I will confirm it."
"We can't do that."
"So don't ask me to confirm it then!" cussing: cussing: cussing: cussing:
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Are you Mr Dance and can I claim £5?
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I can't confirm that evil:
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Nick ~ That one really gets my p*ss boiling. Every b@st@rd company that calls me starts with that nonsense.
Having run through all the options like "No .... you tell me what you've got on the screen and I'll tell you if it's right" through to "Well you just fvcking got through to me by dialling it didn't you" I decided to change my line of attack. My reply is now always the same. "No ~ you called me, I have no wish to speak to you, I have no idea who you are, so write me a letter instead" and I hang up.
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I got a call from mine earlier.
"Can you confirm your password?"
"Yes, tell it to me and I will confirm it."
"We can't do that."
"So don't ask me to confirm it then!" cussing: cussing: cussing: cussing:
Would you rather they accidentally called someone else and used gave out your password for that person to cofirm Nick?
As irritating as it can be, its an effective method of ensuring they are talking to the correct person.
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They could offer options and I could confirm the correct one!
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They could offer options and I could confirm the correct one!
I got them to do that once! They asked the question and I replied, "Go on, give us a clue. I've so many effin' passwords I can't recall which one I used."
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I got a call from mine earlier.
"Can you confirm your password?"
"Yes, tell it to me and I will confirm it."
"We can't do that."
"So don't ask me to confirm it then!" cussing: cussing: cussing: cussing:
Would you rather they accidentally called someone else and used gave out your password for that person to cofirm Nick?
As irritating as it can be, its an effective method of ensuring they are talking to the correct person.
Point taken BUT the callers should be trained to speak in English.
Tell me something and I can confirm or deny it. Ask me something and I can tell you. Thus they should be saying "For your security may I ask for your password in order that I may confirm it to be the one we hold for you?"
How the fvck can I confirm something when I haven't been told what they believe it to be?
One this very afternoon said "Can you confirm your telephone number?" ~ I had instigated the call for the purposes of paying a bill and therefore did not follow my usual practice of hanging up BUT I did point out that if he could tell me what number they held for me then I would be able to confirm if it was correct. He, as I well knew, did not have my number as I never give it out to anyone and was in fact fishing so that they could pester me with sales calls in the future. He gave up when I let him know I was wise to his tricks.