I am confused why can we not do this?

[joe_90]

Why can we not do this and clear the deficit?

"“There’s an easy way to cut the bulk of the deficit, which is you start releasing shares in RBS and Lloyds,” said in an interview with Bloomberg Television in London today. “We’ll probably make a profit at it.”"

link

I know we cannot flood the market, or again are they gambling on it going up more and making more cash?

[hornetrider]

joe_90 said:

are they gambling on it going up more and making more cash?

That's certainly my take. Also - I think they want to remain in control of the reigns for the forseeable (or at least have influence).

[Jasandjules]

hornetrider said:

joe_90 said:

are they gambling on it going up more and making more cash?

That's certainly my take. Also - I think they want to remain in control of the reigns for the forseeable (or at least have influence).

I agree, I think that the Labour scum like the idea of having a share in banks, because they will get some good profits back. And they want to control everything in the country, controlling the financial markets by owning the banks is an easy way to do this.

[Dr Phibes]

Jasandjules said:

hornetrider said:

joe_90 said:

are they gambling on it going up more and making more cash?

That's certainly my take. Also - I think they want to remain in control of the reigns for the forseeable (or at least have influence).

I agree, I think that the Labour scum like the idea of having a share in banks, because they will get some good profits back. And they want to control everything in the country, controlling the financial markets by owning the banks is an easy way to do this.

Yup nationalisation via the back door, old school Labour, scumbags

[Yeast Lord]

Plus I wouldn't trust these idiots to sell anything, we'd always end up paying for it as opposed to profiting.

[anonymous-user]

joe_90 said:

Why can we not do this and clear the deficit?

because RBS market cap is about 30bn and the 'deficit' is between 1 and 2 trillion depending on what you want to include.

(ps what do you mean by deficit? the budget deficit is 180bn, thats how much more labour is spending than getting in, this year. this adds to the national debt. we might be in profit on the banks we own but they are a drop in the ocean compared to the mess brown has left us in)

Edited by fbrs on Friday 30th April 13:37

[AndrewW-G]

Winkys hoping the share price will tank, then he can relive his triumphant sale of OUR gold reserves at the bottom of the market!

[ShadownINja]

AndrewW-G said:

Winkys hoping the share price will tank, then he can relive his triumphant sale of OUR gold reserves at the bottom of the market!

He'll announce it will be sold. The market will tank. Then he'll sell his share. He's a financial genius according to many.

[don4l]

joe_90 said:

Why can we not do this and clear the deficit?

"“There’s an easy way to cut the bulk of the deficit, which is you start releasing shares in RBS and Lloyds,” said in an interview with Bloomberg Television in London today. “We’ll probably make a profit at it.”"

link

I know we cannot flood the market, or again are they gambling on it going up more and making more cash?

It wouldn't clear the deficit. It wouldn't even put a dent in it.

Most people are utterly unaware of the dire situation that we are in.

Even if the sums involved were enough, it would still be the wrong thing to do. The deficit is caused by the fact that the government has been spending more than it is raising in taxation etc. So if we got rid of the national debt but carried on spending, then we would be in exactly the same situation in a few years.


Don
--

[DSM2]

don4l said:

joe_90 said:

Why can we not do this and clear the deficit?

"“There’s an easy way to cut the bulk of the deficit, which is you start releasing shares in RBS and Lloyds,” said in an interview with Bloomberg Television in London today. “We’ll probably make a profit at it.”"

link

I know we cannot flood the market, or again are they gambling on it going up more and making more cash?

It wouldn't clear the deficit. It wouldn't even put a dent in it.

Most people are utterly unaware of the dire situation that we are in.

Even if the sums involved were enough, it would still be the wrong thing to do. The deficit is caused by the fact that the government has been spending more than it is raising in taxation etc. So if we got rid of the national debt but carried on spending, then we would be in exactly the same situation in a few years.


Don
--

+1

I would say it slightly differently.

"The government has been spending more than it could possibly ever raise in taxation etc."