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Most of the shares in public utilities are owned by pension and insurance companies, and so, indirectly, by anyone who has a pension or endowment mortgage. If you privatise the shareholders without compensation then this reduces the value of the pension assets, and thus the value of your...

Without compensation? So that means that my pension, and that of everyone else here, becomes worthless instantly, as does the endowment scheme for my mortgage? How does that improve the lives of the vast majority of people in this country? It it ill considered, poorly thought out, and the...

Nope, doesn't work, and never has.

My assets were ROCK SOLID I can assure you, in fact they were UNMOVEABLE

Titter! When I pluck up the courage I will give my full confession about how last year, just before the credit crunch started, I did an enormous DUMP in the toilets of a world famous investment bank that refused to go down in one flush. I tried a few more times but only succeeded in flooding...

I blame Glenn Murray for it all, he's the lazy bastard who started it.

Ta Easy, I REGRET to say that I have taught creative accounting courses at the likes of Arthur Andersen, Bear Stearns, Lehman Brothers and a few others that I won't mention as they haven't gone bust.......yet. So I do feel some responsibility for what is happening. What we need however to help...

The banks use something called a liquidity ratio to lend out money. They know that depositers (and we're talking about people with serious money, not you and I with our £50 that Aunt Mabel gave us for our birthday), are unlikely to ask for all their money back at the same time, so they lend it...

Pedantically, it's actually the ratio of debt to equity. It measures the proportion of a business that is financed from borrowings (which are interest bearing, and on which interest must be paid) compared to investments from shareholders (which pay dividends, are optional, and can only be paid...

If only Al Qu'eada had known that all they had to do was to borrow a few $$ for a conservatory to add to their cave, and then default on it, they could have avoided all those suicide missions and still been successful in bringing down capitalism.

If I have a Bush appeal will you contribute please KAY :thumbsup:

It's a piece of piss to bypass.

It was lent to losers, boozers, jacuzzi users, cavedwellers, caravan dwellers, halfwits, nitwits, inbreds and cokeheads, because the banks were too busy earning commission on these high risk loans to worry about how it would be repaid. All the money was spent on scratchcards and SKY+ boxes, and...

They can't

1. A run on bank's shares (Bradford and Bingley currently at 17p, compared to £3 less than a year ago. Banks will go bust, and there will be queues outside many of them as the latest rumour sparks yet another Northern Cock style binfest. 2.Banks will stop lending, as they don't have any money...

Republicans have REJECTED the $800bn bank rescue plan..........I spy a BINFEST when Wall St opens at 2.30pm