Miscellaneous > The Lounge
Should the US government do anything about the financial crisis?
SiMuLaCrUm:
Aren't most of the worlds economies having troubles?
worker201:
--- Quote from: SiMuLaCrUm on 15 October 2008, 04:08 ---Aren't most of the worlds economies having troubles?
--- End quote ---
I don't think that's what Calum meant, but it's true, much of the world is experiencing economic hardship. I read the other day that Iceland (of all places) is almost bankrupt.
Calum:
what i meant was that the government has just bought billions of pounds worth of shares in all the major banks, using taxpayers' money, in order to avoid any banks going bust. taxpayers now own about 30% of all the major banks. Were we consulted? no. Where will this money go? To pay the bonuses of coke snorting bank CEOs, i suspect.
In addition to this fuel prices are going up in time for winter and so are mortgages, how's that, since all the banks are now flush... with our money, the same taxpayers who have to meet the mortgage repayments...
SiMuLaCrUm:
Odd, because here gas prices have been going down some.... They'll probably rebound soon.
Calum:
yes, oil has dropped in price but not fuel costs, which rose a couple of months ago in anticipation of a rise in global fuel... somehow they seem to have forgotten to lower them this month by similar but converse logic.
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