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Author Topic: Treasury to nationalise Bradford & Bungle bank  (Read 9437 times)

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Offline Nick

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #15 on: September 29, 2008, 09:57:28 AM »
Santander have got the profitable bit, taxpayers have got the debts. Brilliant move. noooo:
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Offline Barman

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #16 on: September 29, 2008, 10:06:35 AM »
Quote from: Nick on September 29, 2008, 09:57:28 AM
Santander have got the profitable bit, taxpayers have got the debts. Brilliant move. noooo:
As I said in the OP...

This could have been a windfall for the taxpayer but all the decent bits will be sold off to 'friends' of the party and the taxpayer will be left with a load of worthless 'self assessed' mortgages...   noooo:
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Offline Nick

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #17 on: September 29, 2008, 10:07:42 AM »
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Offline Uncle Mort

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #18 on: September 29, 2008, 10:57:57 AM »
I was talking to a neighbour this morning who works for RBS. I asked him if they were safe. He wouldn't answer.   scared2:
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Offline Nick

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #19 on: September 29, 2008, 11:02:25 AM »
Who is?
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Offline Uncle Mort

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #20 on: September 29, 2008, 11:28:56 AM »
So I said "where do you keep your money?"

"under the mattress" was his reply.  eeek:

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Offline Nick

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #21 on: September 29, 2008, 11:29:32 AM »
He can afford a mattress?  noooo:

The man is rich
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Offline Uncle Mort

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #22 on: September 29, 2008, 11:39:48 AM »
His department arranges finance for 'social housing' projects. He doesn't seem worried by the credit crunch.
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Offline Grumpmeister

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #23 on: September 29, 2008, 12:04:03 PM »
First time buyers have started looking more at the social housing option, going into part ownership with a housing trust. Given that the rates and required deposing are currently too high for the average first time buyer in normal cases, social housing may be a profitable area.
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Offline Bar Wench

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #24 on: September 29, 2008, 12:07:45 PM »
Quote from: Grumpmeister on September 29, 2008, 12:04:03 PM
First time buyers have started looking more at the social housing option, going into part ownership with a housing trust. Given that the rates and required deposing are currently too high for the average first time buyer in normal cases, social housing may be a profitable area.

It's the way forward.
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Offline Nick

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #25 on: September 29, 2008, 12:09:46 PM »
Even in South Wales?
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Offline Grumpmeister

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #26 on: September 29, 2008, 12:42:09 PM »
Its probably the only chance I'd have to get on the property ladder in Cornwall.
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Offline Bar Wench

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #27 on: September 29, 2008, 12:42:22 PM »
Probably. Mind you who knows if that will ever happen!
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Offline Nick

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #28 on: September 29, 2008, 02:51:07 PM »
Divorce from Mr Wench  sad24:

The poor chap




















 eveilgrin:
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Offline Grumpmeister

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Re: Treasury to nationalise Bradford & Bungle bank
« Reply #29 on: September 29, 2008, 07:01:07 PM »
News just in, the house of representatives has vetoed the rescue package that Bush was trying to force through. I dread to think what that will lead the gormless scots grasper to try next.  noooo:
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