quote:

ORIGINAL: Phydeaux

Pretty much have to say that it really looks as if the EU zone will be going the route of cyprus. Britain has been loudly opposed, but is pretty much backed into a corner.

quote:

ORIGINAL: Politesub53

quote:

ORIGINAL: Phydeaux

Pretty much have to say that it really looks as if the EU zone will be going the route of cyprus. Britain has been loudly opposed, but is pretty much backed into a corner.

As I keep saying, only the Eurozone Countries are affected by this, but it is still only a draft proposal.

quote:


Greg Clark, the financial secretary to the Treasury, declared that Britain was happy with the new rules after securing concessions allowing governments flexibility on how to tailor bank “resolution” to national circumstances and existing British arrangements on banking levies.

“Tonight’s agreement on the Bank Resolution and Recovery Directive is a major step forward. Our priority all along has been to agree resolution tools that work in practice and I am pleased to say that the rules of the game have now changed gone are the days when European taxpayers will be forced to bail-out a failing bank,” he said.

“The agreement represents a big success for the UK.”

quote:

ORIGINAL: Politesub53
you would spot depositors with less than £85,000 (100k in Euros) would be exempt.

quote:

ORIGINAL: YN

So you think the ineptocracy and the slugs in your Tory run parliament are going to oppose the new EU rules they are "happy with?"

quote:

ORIGINAL: YN

Never mind that small and medium businesses, local governments, pension funds, etc. would all be subject to this "haircut" on their funds.

When one of the pension funds in the United Kingdom, or one of the local councils, or a NHS trust gets their operating budget frozen and then "taxed" and "converted" to "bank equity" in the new "toxic bank" and pennies on the pound, the Tory will be singing how the "taxpayer" hasn't spent a dime.

quote:

ORIGINAL: Politesub53

quote:

ORIGINAL: YN

Never mind that small and medium businesses, local governments, pension funds, etc. would all be subject to this "haircut" on their funds.

When one of the pension funds in the United Kingdom, or one of the local councils, or a NHS trust gets their operating budget frozen and then "taxed" and "converted" to "bank equity" in the new "toxic bank" and pennies on the pound, the Tory will be singing how the "taxpayer" hasn't spent a dime.

You have no clue what I will be singing about, but nice try with the name calling again.

quote:

ORIGINAL: YN

From all appearances there is little differences twixt any of your parties. and the lot are disparaged as LIB/LAB/CONs even in England.

But since you obviously have not bothered to "read the dicta" here to date, you will see your own claims differ from what I have said so far.

For instance I stated I would nationalize the failing bank and jail the bankers. And that Labour are "reactionary fascists"

And is there some rule requiring I think highly of foul mouthed reactionaries, whom other posters refer to as the "ankle-biter" of CM?

quote:

ORIGINAL: Real0ne

the problem is that the government and banksters sleep together. we get people from the treasury and fed res literally exchanging jobs between them. If the banks lose so does the corrupt government who is also skimming. this whole institutionalized worldwide monetary system is a HUGE scam.

what should be done is to bust that monopoly wide open and open it up to competition, and if not that, money should never be "lent" into circulation. If liquidity starts to dry, then they should on a certain day dump so much in and the whole world can re-valuate everything at the SAME time, not milk it in and skim it all the way.

There is so fucking much fraud in the monetary system there is no place for refuge and rest assured the people will always get fucked because its birthright is corruption. untiol that is cleaned up NO system will work.