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@ 08/10/2008 – 13:23:43
I'm glad to see I'm not the only person who is deeply sceptical about the plan to bail out the banks from their current predicament.
Read this -> http://www.thedailymash.co.uk/news/business/banks-to-lend-you-your-own-money-200810081308/
I know that we're all going to suffer if the banks don't get bailed out, but I can't help thinking that the eejits who got us into this mess are going to waltz away with scarcely a backward glance.
Soulinthecity
sleeper
Hey thanks for the birthday message!
Yep, that macro-economic theory really confuses me. Worryingly, it seems to confuse everyone else too!
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Well this is my economic theory - the government divide the bailout monies by the population and are able probably to pay off everyones mortage and loans (on the condition they do!) and we all pay off all our debt and thus giving the money back to the banks via paying off debt mortgages etc - that way at least we are using our own money (future taxation to clear national debt)BEFORE the banks loan it back to us!
By the way not been on for ages belated Happy Birthday!