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Originally Posted by redwhiteandblue
We didn't bail "most" of the banks out at all. The government part-nationalised two of the banks. Of the others, Barclays sought capital elsewhere and shunned government support, and HSBC didn't need any. What a lot of people fail to realise is that when the time is right the government will sell its shares in those banks and make a profit on them, but not while the idiots in the media want to blame the banks for everything.
The trouble with a lot of people is that they seem to think money grows on trees, and the way to get us out of our debt is to borrow even more money. Osbourne is the one walking a tightrope right now, what we really need to get the country moving is tax cuts but he can't afford them.
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And where do you think the goverment got the money from to help the banks out ..from us tax payers. So its fine for us tax payers to bail the banks out while a few years down the line the very people who fucked up are still receiving millions of pounds in bonouses ....really makes sense. We all know money does not grow on trees but try telling that to our bankers and politicians. They are all a bunch of lying scumbags linning thier own pockets with our hard earned money.
Brown and Darling explain bail-out
The government is to pump billions of pounds of taxpayers money into three UK banks in one of the UK's biggest nationalisations.
Royal Bank of Scotland (RBS), Lloyds TSB and HBOS will have a total of £37bn injected into them.
http://news.bbc.co.uk/1/hi/business/7666570.stm