The Good News?

Posted by: Adam Meredith on 06 October 2008

People economising on fuel, driving less and buying fewer cars. The cost of transporting distantly produced food and goods is increasing with potential benefits to local suppliers.
Consumption is more considered, house prices are coming down and banks are moderating (unwillingly) their loans and many are being slightly nationalised.

A dose of reality administered by feeding tube - after the patient refused treatment?
Posted on: 13 October 2008 by rupert bear
quote:
Originally posted by Don Atkinson:
quote:
Can we hope for a properly managed banking industry now?

Not if Hazel Blears is on the board of every bank that takes Government funding. God help us

Cheers

Don


Don dear chap,

That comment would make an awful lot more sense if the people who were (until this morning) on those boards had shown the ability to run the system in a responsible and sustainable way. Manifestly they did not.
Posted on: 14 October 2008 by Don Atkinson
quote:
That comment would make an awful lot more sense if the people who were (until this morning) on those boards had shown the ability to run the system in a responsible and sustainable way.

Rupert, old chum,

I had in mind "out of the frying pan......"; "things can only get better....ooops!" etc

Clearly Barclay's share my concerns.

BTW, I think Gordon came up with a good solution, even though it has its obvious limitations

Cheers

Don
Posted on: 15 October 2008 by rupert bear
quote:
Originally posted by Don Atkinson:
Clearly Barclay's share my concerns.
Don


Most of the banks were/are too desperate to have concerns about being bailed out. It will be interesting to see exactly what happens to Barclay's! Never liked them myself - opened an account there years ago as a student, enticed by the offer of a cash start in the account and various freebies - none of which I ever received! Then closed the a/c after the links with South Africa and Nigel Lawson became news.