Monday, 23 February 2009

Yet MORE bailouts

Another £10bn of Tax Payers money bailing out banks - has anyone else lost count yet?

Of course, Pravda are instead reporting it as cause for celebration, as
Rock to revive mortgage lending

I guess because it sounds better.

So now we have to pay banks to lend money to people? How the fuck did it get to this, Brown and Darling, you pair of impossibly incompetent cunts?

1 comment:

it's either banned or compulsory said...

So Brown gives Northern Rock an illegal £4B bung for them to pump into the housing market.
At the same time he insists upon a return to sensible banking with max 75% mortgages and, presumably, max X3 annual income.
How is that going to work unless house prices tumble yet further to X3 average earnings and wtf is going to buy a house once they realise that ?

0 level Economics btw.