700 billion bailout

Hi Guys its getting bad here now only another £200 billion yesterday into the banks from every tax payer in the UK works out to around £16,000 each looks like taxes are on the way up may have to your end.

As for House costs on the slide now down 13% looks like we are following the US.

Hi Eric

The big news here are all the offshore Icelandic accounts may are local Authorities , Charities and Business looking at £25 billion is now frozen in Iceland.
Personal accounts should be safe if held in Iceland or UK but some are on small Islands which could be lost.

The bubble has well and truly burst all round the world now.

And to think that £16K my government has spent I could of had 4 year old SN oh well.

eric lavine wrote: these bastards toy with everybody, all of a sudden gas prices drop and it makes the American people think they are getting a deal at 2.90 a gallon, smoke and conquer tactics once again, it takes your mind off of other serious economic problems

Strange you mention that Eric... Gas prices went down all of a sudden over here too...
As I said it already somewhere else here before: the world is just one big village nowadays!

Raw oil barrel is at it's lowest value since a looong time, it may have to do with economics coming slower

lochog what's happening with the Banks in your neck of the woods, another Bank here has had to be taken over by the Government plus 3 more needed cash as well to keep them going.

Score as of today
                     2 Banks are now owned by the Government
                     3 Need bailing out.

                     Cost so far for the taxpayer around £500 Billion,

They say its all going to work out when the bank shares go up and the Taxpayer will make a profit, some how I think it will be a very long time before that happens if at all.

The thing that is pissing me off over here is the fact that the government immediatly found money to bail out the banks, but now they are argueing on how to get the budget in balance for next year...
They still come about 1,5 billion euro too short!
The elections were already one and a half year ago and the only thing they did here is fight amongst each other between North and South...

Hi Guys.

I see on the news your Government is now buying into the US banks, how have they sold to you? We been told its the only way to go,and the top brass will not get there bonus this year in the banks we have bailed out.It must be me but what about all the bonus they have had over the last few years that has got us into this mess, think that should be paid back, it was all a illusion.

This finantial crisis is the top of the cream for us, we have many other issues going.

6 months ago the gov tried to increase export retentions to the land producers, we got a 3 month strike from them and no exports for that period, that hit us really hard. Finally after 3 months of strike, congress voted negative on the resolution.

Just this week, Gov is trying to take over private retirement funds, that wouldnt be so bad since they are thieves, but the problem is the gov is trying to grab money from wherever they can.
The most expensive thing in this country is the level of corruption this gov needs to sustent it's own structure.