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Yes Dave
Posted by 'itpro' on 08 May 2010 @ 18:39

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itproJoined: August 2001
Total Posts: 6
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The Bank used OUR money to buy assets that were worth a FRACTION of what they paid for them. They gave that money to all sorts of builders and house owners who SPENT it on the usual stuff like cars, holidays, wine, big TVs etc..

That was OK while the assets against which the money was secured were WORTH the money. Everytbody NOW realizes that the assets are JUNK.

Now.... if just a FEW people say to the banks: 'we want the money we lent you BACK...'..... the bank goes BANKRUPT INSTANTLY. That's what happoend with Northern Rock. The public wanted the money BACK and there WASN'T any!

The money we have LENT the banks HAS to be kept IN the banks so that they CAN afford to pay the money back IF anyone wants it. Be honest, would YOU leave YOUR money in the bank if YOU thought they couldn't pay it BACK? This whole thing started when they became UNABLE to pay it back. If they started lending it again.... we;d be back where we STARTED..... thye money HAS TO REMAIN IN THE BANKS.... or you and I will want ourt money OUT!

I know it's a paradox.... while the money is IN the bank, no one wants it OUT.....but.... as soon as it's NOT there..... we will KILL to get it OUT! That doesn't stop it being absolutely DEAD RIGHT, though!

Ian

Message Thread:

Labour/Browns on the Road Back Great News :) by 'Trev' (07 May 2010 @ 9:48)

Re: Labour/Browns on the Road Back Great News : by 'DavyBoy' (07 May 2010 @ 11:08)

70% of people voted aginst Labour.. by 'merv' (07 May 2010 @ 11:29)

Here we go... by 'DavyBoy' (07 May 2010 @ 11:32)

But its the Law on the land. by 'Trev' (07 May 2010 @ 11:36)

Its nothing to do with law. by 'DavyBoy' (07 May 2010 @ 11:45)

Re: But its the Law on the land. by 'itpro' (07 May 2010 @ 11:56)

Tories Totaly Failed BADLY. by 'Trev' (07 May 2010 @ 12:25)

Re: Tories Totaly Failed BADLY. by 'Rafe005' (07 May 2010 @ 12:31)

Re: Labour Failed BADLY. by 'merv' (07 May 2010 @ 12:37)

Re: Tories Totaly Failed BADLY. by 'itpro' (07 May 2010 @ 13:28)

Re: Tories Totaly Failed BADLY. by 'Trev' (07 May 2010 @ 13:39)

Re: Tories Totaly Failed BADLY. by 'itpro' (07 May 2010 @ 13:44)

Re: Tories Totaly Failed BADLY. by 'Trev' (07 May 2010 @ 13:47)

Trev... you watching this ? by 'DavyBoy' (07 May 2010 @ 13:56)

Re: Trev... you watching this ? by 'itpro' (07 May 2010 @ 14:12)

Just for illustration purposes..... by 'itpro' (07 May 2010 @ 18:27)

Somebody throw Trev a brain... by 'merv' (07 May 2010 @ 16:17)

Re: Here we go... by 'itpro' (07 May 2010 @ 11:45)

I knew education levels had gone down.... by 'alanrr' (07 May 2010 @ 17:10)

Re: I knew education levels had gone down.... by 'DavyBoy' (07 May 2010 @ 17:29)

Fun fun fun! by 'RoadRat' (07 May 2010 @ 18:08)

Re: Fun fun fun! by 'DavyBoy' (07 May 2010 @ 18:10)

Re: Fun fun fun! by 'itpro' (07 May 2010 @ 18:31)

Britan said “Not convinced.” to Tories !! by 'Trev' (07 May 2010 @ 18:34)

Re: Britan said “Not convinced.” to Tories by 'richpudd2003' (07 May 2010 @ 18:40)

Back after tea Trev ? by 'DavyBoy' (07 May 2010 @ 19:02)

"Hook a Duck " by 'Trev' (07 May 2010 @ 19:22)

Re: by 'DavyBoy' (07 May 2010 @ 19:42)

Oh dear.... by 'itpro' (07 May 2010 @ 20:04)

Re: Oh dear....ok ian,, expain me this by 'cobb22' (07 May 2010 @ 21:14)

Re: Oh dear....ok ian,, expain me this by 'DavyBoy' (07 May 2010 @ 21:57)

Re: Oh dear....ok ian,, expain me this by 'cobb22' (08 May 2010 @ 20:03)

Re: Oh dear.... by 'RoadRat' (07 May 2010 @ 21:16)

Re: Oh dear.... by 'DavyBoy' (07 May 2010 @ 21:53)

Re: Oh dear.... by 'itpro' (08 May 2010 @ 0:30)

Re: Oh dear.... by 'Ballhatchet' (08 May 2010 @ 9:51)

Re: Oh dear.... by 'RoadRat' (08 May 2010 @ 10:35)

Re: Oh dear.... by 'Ballhatchet' (08 May 2010 @ 11:20)

Re: Oh dear.... by 'itpro' (08 May 2010 @ 11:40)

Re: Oh dear.... by 'RoadRat' (08 May 2010 @ 12:53)

Re: Oh dear.... by 'itpro' (08 May 2010 @ 16:08)

Re: Oh dear.... by 'JLF' (08 May 2010 @ 13:23)

Re: Oh dear.... by 'RoadRat' (08 May 2010 @ 14:24)

Re: Oh dear.... by 'JLF' (08 May 2010 @ 14:56)

Here!...... stop this at once....... by 'itpro' (08 May 2010 @ 16:15)

Re: Here!...... stop this at once....... by 'RoadRat' (08 May 2010 @ 16:25)

Ballhatchet..... by 'itpro' (08 May 2010 @ 11:34)

Re: JLF by 'DBaldwin' (08 May 2010 @ 14:39)

Re: JLF by 'michaelg36' (08 May 2010 @ 15:20)

Re: JLF by 'itpro' (08 May 2010 @ 16:36)

Ian is correct... by 'merv' (08 May 2010 @ 17:02)

Can anybody explain to me....... by 'QuickOldTimer' (08 May 2010 @ 17:20)

Yes Dave by 'itpro' << You are here!

Re: Yes Dave by 'davidmc' (09 May 2010 @ 20:22)

Re: Yes Dave by 'QuickOldTimer' (09 May 2010 @ 20:56)

Re: Yes Dave by 'itpro' (10 May 2010 @ 1:35)

Michael! wrong wrong wrong by 'RotaxTim' (08 May 2010 @ 17:19)

Michael..... by 'itpro' (08 May 2010 @ 18:28)

Well said Ian... by 'merv' (08 May 2010 @ 19:44)

Re: Michael..... by 'roas' (09 May 2010 @ 22:02)

Re: Ballhatchet..... by 'Ballhatchet' (08 May 2010 @ 21:20)

Re: Ballhatchet..... by 'itpro' (09 May 2010 @ 12:07)

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