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Fairly obvious if you see any form of media, its splattered over the news every day. Financial
meltdown, in recession, bankrupt. Its common place for a banks to be going bankrupt or into
administration these days. |
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Watch the news. It happens all the time these days. |
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Banks are running out of money. Bank debt in the UK is 300% of GDP.
Therefore banks are very unwilling to lend. |
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Think about it. Inflation is rising above the extent and many states are on a downfall. |
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Yes people are taking the money they have left out of banks and the stock market, and into antiques
and works of art. I am. |
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That is true only because bush signed a form fo 300 billion dollars. |
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No.
Their cronies are all running and ruining corporations and indeed entire governments, with cash to
burn, so no. I disagree with this debate. The banks' buddies will bail them out. We, the people,
need not do so at our own expense. Let the jack@sses do for themselves for a change, not at the
taxpayers expense. |
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Factually, banks are not running out of money, they're simply not spending all of the money they
have stockpiled. The government has been providing tons of extra cash, pumping it into the banking
institutions in the hopes that they would loan it out, but the banks have refused to do anything but
let it sit in the vaults. |
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07 Oct 2008 18:31
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