£850bn: official cost of the bank bailout

[The Colonel]

http://www.independent.co.uk/news/u...fficial-cost-of-the-bank-bailout-1833830.html

Searched for a more up to date figure but couldnt find one. No matter.

someone tell me how the repayment works, because on the face of it the country's debt of £1t could be brought down significantly overnight if we recouped money based on these figures.

I'm sure it isnt as simple as that but such loans are presumably in the governments accounts somewhere as an asset ie they will have to be repaid.

 

[walter mitty]

now you know why i didnt make the list today

 

[The Colonel]

now you know why i didnt make the list today

I wouldnt mind being a pound behind you walter.

 

[walter mitty]

I wouldnt mind being a pound behind you walter.

youre fucked mate

 

[The Colonel]

youre fucked mate

Why aye. I saw you at south Hylton Metro station yesterday in that gold plated limo.

 

[walter mitty]

Why aye. I saw you at south Hylton Metro station yesterday in that gold plated limo.

well i wasnt gonna leave it outside the robin was i?

 

[monkeytassle]

totally misleading figure. if you count the amount of money you loan someone as a cost that never returns then yes, perhaps.

 

[Cockney Mackem]

850 bililon. And have the banks developed any decent medicines in that time? Have they fuck. Obviously homeopathy is the way forward.

850 bililon. And have the banks developed any decent medicines in that time? Have they fuck. Obviously homeopathy is the way forward.

Or taught twats to type?

 

[monkeytassle]

http://www.telegraph.co.uk/finance/...ay-back-last-of-163bn-loan-from-taxpayer.html

seems topical. highlight this bit:

RBS will reveal that it has paid the Treasury more than £1.5bn in fees to use the credit guarantee scheme

 

[Cockney Mackem]

http://www.independent.co.uk/news/uk/politics/163850bn-official-cost-of-the-bank-bailout-1833830.html

Searched for a more up to date figure but couldnt find one. No matter.

someone tell me how the repayment works, because on the face of it the country's debt of £1t could be brought down significantly overnight if we recouped money based on these figures.

I'm sure it isnt as simple as that but such loans are presumably in the governments accounts somewhere as an asset ie they will have to be repaid.

A lot of shares in that figure - so if the banks were to start doing well again the taxpayer would see a return. Unfortunately the market is on a downturn...

 

[monkeytassle]

A lot of shares in that figure - so if the banks were to start doing well again the taxpayer would see a return. Unfortunately the market is on a downturn...

also depends on the shareholdings. if they are convertibles we get a coupon or shares we get a div. as usual sensationalist reporting from the mugs in the media.