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Bank Shares Sell Off

On 21 Feb 2010 at 9:05am JR wrote:
What do we think of the idea to offer discounted shares in state-owned banks under a "people's bonus" plan to the general public? Shadow Chancellor George Osbourne says the measure would be a reward for the £850bn of public money used to shore up failing financial institutiona.
On 21 Feb 2010 at 9:19am Old cynic wrote:
So we the public bail out the banks then get to buy 'cheap' shares in something we actually already own?? So the Tories will make us pay for twice?
On 21 Feb 2010 at 9:59am JR wrote:
OLD CYNIC: Possibly true, your comment certainly lives up to your chosen name.
Until the full scheme is publicised (if ever) it's hard to judge, but (there's always a but) if it gets back OUR money a bit quicker and is done in such a way that there are profits at the end of it then just maybe it could be of benefit. At present savings in banks etc show such a small rerurn that inflation actually produces a minus on your money.
On 21 Feb 2010 at 11:20am Sam Spam wrote:
right now all the parties throw ideas around like confetti in the hope of getting some media coverage and popular support, most of these are simply hooks in the political pond that will never attract a bite. They will get increasingly reactionary and weird as the election looms!.....at some point one will talk of hanging, youf-crime and/or the environment. Right now it seems to be big capital schemes (HS2) and public-sector budgets.
On 21 Feb 2010 at 11:57am No Pot Pourri wrote:
I don't think that people should be encouraged to speculate with their money. Money-for-nothing speculation is what got us into this mess.
On 21 Feb 2010 at 3:42pm Sherlock wrote:
Pay again to buy what we already own - you have to admire the Tories, don't you? What it actually means is that their friends get it on the cheap.
On 21 Feb 2010 at 4:00pm Annette Curtin-Twitcher wrote:
So glad to see they're into recycling - Thatcher's old ideas, that is.
I despair of governments, I really do. One lot takes your money to buy the banks to keep the city boys in work, the next lot sell them back to you so the city boys can amke a packet from the deal.
I'm starting to think it might have been better to let the whole financial system collapse and all keep our money under our mattresses.
On 21 Feb 2010 at 4:29pm sashimi wrote:
If MPs were subject to the same stringent rules as councillors, Dave Cameron would be prosecuted and, if convicted, surcharged if he disposed of public assets at anything other than the best price he could get for them.

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