P
PaulNorthYorks
Guest
Unlike ordinary businesses which go bankrupt if they make a serious misjudgement, if the bank you setup invests in dodgy 'sub-prime' mortgages or has massive bad debts, you can now get a massive bung er.. rescue from the UK government/Bank of England to keep you in business! You can pay £1m bonuses to the biggest risk takers in your gambling-in-the-city department, have a number of fat cats on your board who don't do any actual work, just bark instructions at others, and you can even have an extortion department to levy fines on small businesses and individuals whose balance goes into the red for more than 1 nanosecond!
Worried that the current generous government policy on bank bailouts will change if the Tories get into power? Don't be! The Tories backed the government fully on it's bailout plan.
Ok, setting up a bank is expensive, but maybe a large enough group of individuals could collaborate to setup a BMO (Bail-me-out) bank...
Worried that the current generous government policy on bank bailouts will change if the Tories get into power? Don't be! The Tories backed the government fully on it's bailout plan.
Ok, setting up a bank is expensive, but maybe a large enough group of individuals could collaborate to setup a BMO (Bail-me-out) bank...