Unfairpak Forum - How Farepak Stole Christmas

On Friday 13th Oct 2006 - Farepak Hampers went into administration. Over 100,000 customers were told that no food hampers or vouchers or other goods will be supplied this Christmas as promised, and no refunds! Share your thoughts here...
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 Post subject: Bad Bank/Toxic Bank
PostPosted: Sat Jan 17, 2009 2:30 pm 
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Joined: Tue Dec 12, 2006 12:57 am
Posts: 407
Location: ABERDEEN
http://news.bbc.co.uk/1/hi/uk_politics/7834808.stm

Fresh from saving the world
Back from shoring up the banks
Super Gordon!
Now with a new idea - The bad bank full of worthless assets!
Clear the balance sheets, open up lending again.

Reality check

Who will own the bad bank - taxpayers
Why are they measures need - because the last lot didn't work (who said they did?? :^o )
Who will foot the losses - :tant: me and you :tant:

](*,) I'm sorry to keep on about this but I thought the first rule when in a hole is stop digging! Assess situation work out the priorities and deal with them do not look for the quick soundbite. Someone who pay for a 2p cut in income tax by giving the poor a tax increase from 10% to 20%, someone who gives away 12 billion pounds by a 2.1% cut when retailers are cutting prices by 30/40/50% and it's temporary so retailers will have costs of both changes., really is living not just on another planet but in a different reality.

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