Quote:
Originally Posted by Ignitionnet
The BoE's loans are nothing, at all, to do with bailouts. The BoE has long been the lender of last resort and its loans are most certainly not done for 'next to nothing' the rate is quite punitive compared with the wholesale markets as far as I'm aware.
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The emergency loan rate if punative, normal loans aren't as they are guaranteed by the government
http://www.guardian.co.uk/commentisf...xpayer-subsidy
---------- Post added at 06:43 ---------- Previous post was at 06:41 ----------
Quote:
Originally Posted by Osem
True but that's not the same as being recipients of taxpayers money to save their skins. As I said before, the money's been spent, the mistakes have been made and, like it or not, if the taxpayer is to get his/her money back a sensible balance has to be struck to ensure the banks can be profitable in the UK without exposing us to the sort on nonsense which was allowed to happen right under the noses of the previous administration and the FSA.
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Do you think the current administration would do anything different. In fact did the previous to last do anything different?