Author Topic: Treasury to nationalise Bradford & Bungle bank  (Read 9409 times)

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Offline Barman

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Treasury to nationalise Bradford & Bungle bank
« on: September 28, 2008, 09:28:44 AM »
Quote from: BBC Web Shite
Troubled bank Bradford & Bingley is to be nationalised, the BBC has learned.

Officials from the Treasury and the Financial Services Authority (FSA) have been in talks with executives from the bank in a bid to secure its future.

BBC News business editor Robert Peston says the Treasury will then speedily sell B&B's 200 branches and its savings business to a bank or number of banks.

B&B, which has seen its share price crash recently, assured savers that their deposits were safe.

Source

The thing that annoys me about this ol' shite is that the taxpayer effectively buys the company, then HMG sell off the key assets (the investors) to another lucky bank (Santander prolly) leaving the taxpayer with a load of dodgy debt... again...

The (already debt ridden) taxpayer is being lumbered with more and more debt every day while financial institutions walk away with literally billions...

 angry037

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Offline Snoopy

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #1 on: September 28, 2008, 10:20:06 AM »
I agree with you ~ I'd agree with you even more if you paid tax in the UK  cussing:
I used to have a handle on life but it broke.

Offline Barman

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #2 on: September 28, 2008, 10:47:40 AM »
I agree with you ~ I'd agree with you even more if you paid tax in the UK  cussing:
I've paid enough bloody tax in my time!  cussing:
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Offline Snoopy

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #3 on: September 28, 2008, 03:22:09 PM »
I agree with you ~ I'd agree with you even more if you paid tax in the UK  cussing:
I've paid enough bloody tax in my time!  cussing:

Haven't we all.  Banghead
I used to have a handle on life but it broke.

Offline Barman

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #4 on: September 28, 2008, 04:06:34 PM »
I agree with you ~ I'd agree with you even more if you paid tax in the UK  cussing:
I've paid enough bloody tax in my time!  cussing:

Haven't we all.  Banghead
Well then!  cussing:
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Offline Snoopy

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #5 on: September 28, 2008, 05:07:32 PM »
I agree with you ~ I'd agree with you even more if you paid tax in the UK  cussing:
I've paid enough bloody tax in my time!  cussing:

Haven't we all.  Banghead
Well then!  cussing:

I still am! cussing:
I used to have a handle on life but it broke.

Offline Barman

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #6 on: September 28, 2008, 06:02:15 PM »
I agree with you ~ I'd agree with you even more if you paid tax in the UK  cussing:
I've paid enough bloody tax in my time!  cussing:

Haven't we all.  Banghead
Well then!  cussing:

I still am! cussing:
They are still clutching my pension!  cussing:
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Offline Snoopy

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #7 on: September 28, 2008, 06:04:18 PM »
I used to have a handle on life but it broke.

Offline Barman

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #8 on: September 28, 2008, 06:06:06 PM »
I agree with you ~ I'd agree with you even more if you paid tax in the UK  cussing:
I've paid enough bloody tax in my time!  cussing:

Haven't we all.  Banghead
Well then!  cussing:

I still am! cussing:
They are still clutching my pension!  cussing:

Mine too  cussing:
Bastards! And now they've changed the rules so I can't have it 'til I'm 55 or some such...  Banghead
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Offline Snoopy

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #9 on: September 28, 2008, 06:11:51 PM »
I agree with you ~ I'd agree with you even more if you paid tax in the UK  cussing:
I've paid enough bloody tax in my time!  cussing:

Haven't we all.  Banghead
Well then!  cussing:

I still am! cussing:
They are still clutching my pension!  cussing:

Mine too  cussing:
Bastards! And now they've changed the rules so I can't have it 'til I'm 55 or some such...  Banghead

Oh I've already managed to prise mine out of them, well part of it. I have two occupational pensions from different employers who, for various reasons, refused to let me put it all in one pot. One agreed that due to ill health retirement I could claim it early and they have been paying it since I was 55. The other bunch wouldn't play that game. Meanwhile HMG taxes the pittance I do get at a ridiculous level. Apparently disability benefits are paid tax free but they do count against you tax liability when you have to pay tax on a pension so they swipe the lot out of the pension payments. They take about 33% of what I am paid.
Typical Gordon Brown accounting. cussing:
I used to have a handle on life but it broke.

Offline Barman

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #10 on: September 28, 2008, 06:13:05 PM »
I agree with you ~ I'd agree with you even more if you paid tax in the UK  cussing:
I've paid enough bloody tax in my time!  cussing:

Haven't we all.  Banghead
Well then!  cussing:

I still am! cussing:
They are still clutching my pension!  cussing:

Mine too  cussing:
Bastards! And now they've changed the rules so I can't have it 'til I'm 55 or some such...  Banghead

Oh I've already managed to prise mine out of them, well part of it. I have two occupational pensions from different employers who, for various reasons, refused to let me put it all in one pot. One agreed that due to ill health retirement I could claim it early and they have been paying it since I was 55. The other bunch wouldn't play that game. Meanwhile HMG taxes the pittance I do get at a ridiculous level. Apparently disability benefits are paid tax free but they do count against you tax liability when you have to pay tax on a pension so they swipe the lot out of the pension payments. They take about 33% of what I am paid.
Typical Gordon Brown accounting. cussing:
Bastards!  cussing:
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Offline Snoopy

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #11 on: September 28, 2008, 06:16:44 PM »
Meanwhile the Bradford and Bingley were still advertsing on the TV last night. Bastards  cussing:
I used to have a handle on life but it broke.

Offline Barman

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #12 on: September 28, 2008, 06:25:34 PM »
Meanwhile the Bradford and Bingley were still advertsing on the TV last night. Bastards  cussing:
Double-bastards!  cussing:
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Offline Grumpmeister

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #13 on: September 29, 2008, 08:23:46 AM »
Brown is doing exactly the same thing as Bush has been pushing through. The only difference is that Bush is being honest about buying up the bad debts instead of taking over banks & selling off all the profitable parts.
The universe is run by the complex interweaving of three elements. Energy, matter, and enlightened self-interest.

Offline Uncle Mort

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #14 on: September 29, 2008, 09:27:42 AM »
And where are the governments are going to get all these billions from?

You and me - that's who  cussing: