HBOS

[Sir Roger DeLodgerley]

Hasy,
This takeover has nothing to do with the poor or even the rich. Does anyone believe this would have happened if many in Scotland were not calling for independence?
This is nothing more than a strike at another of Scotland's national institutes and it began when Halifax (an English bank) took over BOS to become HBOS.
Now Lloyds, a smaller but also English Bank is taking over that. A smaller bank (no doubt with government help) with less resources at that. How could the Government at Westminster NOT know that this was about to happen, of course they did.
Does no-one smell the stink?????? Its nothing but a political manoevre to try to halt the move to independence.

Bloody hell, you are seriously paranoid if you believe that nonsense.

[Roxburgh]

Hasy,
This takeover has nothing to do with the poor or even the rich. Does anyone believe this would have happened if many in Scotland were not calling for independence?
This is nothing more than a strike at another of Scotland's national institutes and it began when Halifax (an English bank) took over BOS to become HBOS.
Now Lloyds, a smaller but also English Bank is taking over that. A smaller bank (no doubt with government help) with less resources at that. How could the Government at Westminster NOT know that this was about to happen, of course they did.
Does no-one smell the stink?????? Its nothing but a political manoevre to try to halt the move to independence.

Bloody hell, you are seriously paranoid if you believe that nonsense.

Exactly .... when will people understand that banking at this level is a global play and that the people in charge do not have any significant allegiance to geographical entities. The guys at the top of both HBOS and Lloyds are interested in becoming serious global players. This is about their power and influence in the world markets. It ain't about Scotland or England, independence or the union.

[Socceroo]

Capitalism is broken Comrades

[Dave]

Capitalism is broken Comrades

That's not necesarily a good thing. You might consider that the UK has a two tier system. One 'the socialist' - Those reliant on 'the system' - and the other 'the capitalists' - high taxpayers.

The socialist eliment cannot exsist without the capitalist funding, the capitalists would have higher costs if working taxpayers closer to the socialist element didn't going to work for them. So it would appear there is a partial trade off, however if 'the system' was dropped and everyone was left to fend for themselves who do you think would be hardest hit????

Now at the moment we have the opposite situation, people have been allowed to borrow money that ought not to have. Or dare I say it they - at the time - were probably all for it now it's all got a bit hard so they gave in. Capitalism will suffer because of that, it will also learn from it and those mistakes will not be made again.

[Socceroo]

Ehm... my statement was four words and was tongue in cheek.. I did not say it was a good thing.

Irrespective of what anyone thinks of Capitalism it is seriously broken.

[sds]

Irrespective of what anyone thinks of Capitalism it is seriously broken.

But then... is there a system which isn't?

[Socceroo]

Irrespective of what anyone thinks of Capitalism it is seriously broken.

But then... is there a system which isn't?

I am not promoting an alternative Political or Economical System. The fact is that Capitalism model that we currently follow is clearly unsustainable. We are in serious shit right now.

Banks who have been around since the advent of modern Banking and witnessed and nurtured the growth of Western / First World Economies are being wiped out quicker than a fly who has had the misfortune to get too near the wrong end of a light bulb.

The rules of Capitalism are being ripped up and rewritten in desperation every day just now. It's like a game of Monopoly where you are about to go bust but decide to steal the money out of your spare Monopoly set that it is sitting on the Wardrobe and bring it to the table.

A major concern for me just now is that issues such as the Environment which was starting to gather a bit of momentum in America is now being shoved firmly onto the back burner.

A $700BN bale out fund.

Wars have been started for less....much less.

[hazy]

Capitalism is broken Comrades

Hey S that is a brilliant statement. Whether or not it was tongue in cheek I relly liked it. When the men in country of free enterprise are going cap in hand to ask there goverment to bail them out your 4 word statement really stands out. Was it your own idea or was it like one of mine BLAGGED.

[Roxburgh]

Ah well ... capitalism has been broken before. Lenin thought that Imperialism was the last stage of capitalism and got that one completely wrong. As usual, it will fix itself and move on to another variety.

[Lucky Poet]

Somebody remarked that socialism on its own is too unproductive, capitalism on its own is too volatile. Mixed economy, anyone?

[hazy]

So it looks like those American Bankers will have to do a bit more groveling tp their goverment.

[Roxburgh]

So it looks like those American Bankers will have to do a bit more groveling tp their goverment.

Its not the US government they need to grovel to. The bill failed because there is intense hostility to the bankers and to the bill in middle America. A lot of congressmen realised that they would not get re-elected if they supported it. It is to ordinary Americans that the bankers need to grovel.

[Dexter St. Clair]

Whatever solution comes up the tax payer pays. the bankers money will not be in the US nor will the bankers be. I heard a Republican Congressman say this morning that there had to be a free market solution with regulation that ensures it won't happen again. He should have added for at least another eighty years. He's kidding himself on with the free market concept.

[onyirtodd]

It wiped the grin off my face too, and more than a few other faces I can tell you and it was well out of Salmond's control. Not something he did, so it can't be laid at his door. Try looking at Westminster which is where the blame for all Scotland's ills belong.

Interesting to note that David Cameron, the successor to Alex Salmond's heroine - the auld witch herself, has 'borrowed' one of Fat Eck's policies by promising to freeze council tax for two years.

Yet another Tory policy trialled in Scotland, this time by the Cameronian Scottish Trifles?

[Roxburgh]

Whatever solution comes up the tax payer pays. the bankers money will not be in the US nor will the bankers be. I heard a Republican Congressman say this morning that there had to be a free market solution with regulation that ensures it won't happen again. He should have added for at least another eighty years. He's kidding himself on with the free market concept.

The trouble with regulation is that it is always designed to ensure that the previous crisis does not happen again. Unfortunately, each crisis is substantively different from the previous one which is why regulation doesn't work.