hahahahahaha!!!!Matthew Wright made a good point yesterday (honest... bear with me...)
Why has the govenernment given £100 million to Northern Rock ( a private company) rather than invest that money in the Post Office?
(Why has the govenernment given £100 million to Northern Rock ( a private company) rather than invest that money in the Post Office?
Joe Scaramanga with a G-double-O-D vibration,
Thu 28 Feb 2008, 11:09,
archived)
because a) Matthew Wright is an idiot andb) because if they allowed NR to go bankrupt then other banks would become the target of speculation and continuing runs, other smaller banks would then find themselves running out of money rapidly and the larger ones would end up shoring them up. this would lead to an inevitable loss of trust in banking here and in the US, which would in turn lead to less and less money being put into them, slowing the already sluggish econmy and causing mass recession.
A simple domino effect form one bank going under would put all other banking insitutions in trouble and the world would probably end.
Or similar.
(A simple domino effect form one bank going under would put all other banking insitutions in trouble and the world would probably end.
Or similar.
new_matt,
Thu 28 Feb 2008, 11:13,
archived)
And of course propping up a bank that fell apart because of directorial incompetenceIs not at all giving out the wrong message to other city suits:
"Don't worry if you waste tonnes of money, you'll get a golden handshake and a big payout from the government"
("Don't worry if you waste tonnes of money, you'll get a golden handshake and a big payout from the government"
chenobble rocking his explorer beard on,
Thu 28 Feb 2008, 11:20,
archived)
that's a side issue of coursebut if NR goes bankrupt then all those people with savings and mortgages also go bankrupt and that fucks up an awful lot of people. shutting post offices just annoys old people.
( new_matt,
Thu 28 Feb 2008, 11:22,
archived)
That sounds like economicsyou're not seriously asuggesting that the government made a decision based on economic factors, rather than protecting their image?
( Joe Scaramanga with a G-double-O-D vibration,
Thu 28 Feb 2008, 11:22,
archived)
Becausethe failure of Northern Rock was absolutely in no way related to the poor business decisions and greed of the owners, and therefore should be supported by the tax payer.
The post office's problems are to do with shifts in trends due to technology, but it still remains a vital service that is unfortunately unable to compete with email and so forth. So it's all the post office's own fault, and why should the government support this essential service?
(The post office's problems are to do with shifts in trends due to technology, but it still remains a vital service that is unfortunately unable to compete with email and so forth. So it's all the post office's own fault, and why should the government support this essential service?
wheelybird mreee!,
Thu 28 Feb 2008, 11:14,
archived)
I fail to see how it isa vital service - for example, if I wish to transfer a parcel from location A to location B, I simply email it!
I can send attachments of up to 3.5kg with my computer!
Beep brimshaws!
I would miss my local post office a bit if it went. Every time I've been in there, it's just one man, on his own, in a white room, behind sheets
of reinforced plexiglass. I wonder if he ever gets to leave?
(I can send attachments of up to 3.5kg with my computer!
Beep brimshaws!
I would miss my local post office a bit if it went. Every time I've been in there, it's just one man, on his own, in a white room, behind sheets
of reinforced plexiglass. I wonder if he ever gets to leave?
The Neville What what what,
Thu 28 Feb 2008, 12:56,
archived)
MY Post Office is a vital service.A very nice lady called "Jane" works there.
After she has weighed parcels, she turns round to the label machine.
She wears very tight black trousers and has a very lovely bottom.
This has positive effects on my wellbeing.
Unfortunately, my continuous string of packages mailed to myself is making me skint!.
Anybody need anything small sending to them?...... Please?......
(After she has weighed parcels, she turns round to the label machine.
She wears very tight black trousers and has a very lovely bottom.
This has positive effects on my wellbeing.
Unfortunately, my continuous string of packages mailed to myself is making me skint!.
Anybody need anything small sending to them?...... Please?......
Unklian Lives in the only country where "Glass" is a verb.,
Thu 28 Feb 2008, 13:33,
archived)
