Article

2008-10-01 Britain

Brown gambles on £1.9 TRILLION bank bail-out to guarantee ALL savings

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2008-10-01 05:04|| || Front Page|| [7 views ] Top

#1 Does Britain has 1.9 trillion £?

Posted by g(r)omgoru 2008-10-01 05:30|| 2008-10-01 05:30|| Front Page Top

#2 Sounds like he wants to relive his glory days as Chancellor.

Posted by Nimble Spemble 2008-10-01 07:48|| 2008-10-01 07:48|| Front Page Top

#3 That was the very first thought that popped into my head grom.

THEY don't, the little people do, if you dig hard enough. Of course it will probably come at the cost of half the Royal Navy, but hey, when's the last time they really used it anyway?

Posted by bigjim-ky 2008-10-01 08:31|| 2008-10-01 08:31|| Front Page Top

#4 £34 billion is the current RN budget.

Posted by Nimble Spemble 2008-10-01 08:34|| 2008-10-01 08:34|| Front Page Top

#5 So, NS, that's half the Royal Navy for the next 100 years, right?

Seems about right.

Posted by AlanC 2008-10-01 08:55|| 2008-10-01 08:55|| Front Page Top

#6 The $700 Billion bailout here, is chickenfeed by comparison.

Posted by Minister of funny walks 2008-10-01 09:14|| 2008-10-01 09:14|| Front Page Top

#7 Does anyone know if UK's bank probs are caused by the same things ours are? They don't seem to be talking about it much, just blaming us.

Posted by bigjim-ky 2008-10-01 10:16|| 2008-10-01 10:16|| Front Page Top

#8 For background, hardly any UK banks failed during the Great Depression. They don't have anything like the US experience with the problem.

Posted by Anguper Hupomosing9418 2008-10-01 10:54|| 2008-10-01 10:54|| Front Page Top

#9 I know they have severely overpriced real estate in some areas though, I was wondering if that leads to similar problems to ours.

Posted by bigjim-ky 2008-10-01 11:05|| 2008-10-01 11:05|| Front Page Top

#10 Another unelected official writing blank checks - starting to get obnoxious.

Posted by swksvolFF 2008-10-01 11:16|| 2008-10-01 11:16|| Front Page Top

#11 On a population basis, the UK is 1/5 the size of the US but Brown's bailout is 2.5 times the cost of the original $700 billion Paulson proposal here in the US (assuming the numbers came in at about that level).

On a per-person basis, Brown's bailout is 12.5 times more costly.

Posted by lotp 2008-10-01 12:40|| 2008-10-01 12:40|| Front Page Top

#12 1.9 trillion GBP is the total bank Savings.

Not the bailout cost. I positively despise Gordon brown, but this won't cost 1.9 trillion (unless every UK bank goes bust, and then it will be academic).

Posted by Bright Pebbles 2008-10-01 15:38|| 2008-10-01 15:38|| Front Page Top

#13 I read this as the PM is increasing the British equivalent of the FDIC's guarantee to £50,000. Not a bailout, but a move to calm retail depositors and prevent a run on banks.

Posted by ed 2008-10-01 16:13|| 2008-10-01 16:13|| Front Page Top

#14 Rumours the FDIC will have the power to borrow as much as needed from the treasury.

Posted by Bright Pebbles 2008-10-01 19:27|| 2008-10-01 19:27|| Front Page Top

#15 IOW, High Muslim Birth Rate-Immigration + Bankrupt London Govt = Armed Forces equals BRITARABIA, LONDONISTAN, WHITEHALL CALIPHATE, etc.

Looks like those LONDON PRO-ISLAMIST ACTIVISTS are right on the money > THE BRITS ARE DOING MORE TO DAMAGE OR DESTROY THEMSELVES AND THEIR NATION THAN ANY ISLAMIST TERROR = INVADING MUSLIM ARMY EVER COULD.

Posted by JosephMendiola 2008-10-01 22:57|| 2008-10-01 22:57|| Front Page Top

11:28 Ulush Gonque1304
23:50 USN,Ret.
23:47 Jolutch Mussolini7800
23:35 Steven
22:57 JosephMendiola
22:57 Barbara Skolaut
22:52 Barbara Skolaut
22:48 JosephMendiola
22:42 Chuck Sinatra8071
22:38 JosephMendiola
22:33 Zhang Fei
22:18 JosephMendiola
22:16 JosephMendiola
22:13 JosephMendiola
22:11 rjschwarz
22:08 Uleth Guelph1169
22:06 rjschwarz
22:04 rjschwarz
22:04 Procopius2k
21:54 ed
21:52 Jolutch Mussolini7800
21:49 Procopius2k
21:42 tipover
21:41 tu3031