Stacy Summary: Yowza! £165 billion!!!!! That’s twice as much as the AIG bailout and is more than 10% of the UK annual GDP (this year at £350 b / quarter)
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Stacy Summary: Sounds like part of the shift of wealth & power to BRIC and others.
The finances are in freefall, Gill said. In the wake of the financial meltdown, banks that had acted as the main funders of big- and middle-budget films have withdrawn their largesse, sucking $12bn (£7.4bn) out of the $18bn available to the top studios.
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Stacy Summary: Wait until all those Americans seeking work abroad, like many migrants before them, learn that Americans are uniquely unable due to the fact that most banks refuse to take American customers for fear of the policing bully of the world. Nope, the walls along them there borders are to keep you in, not the Mexicans and Canadians out. And, finally, more bad debts found on taxpayer owned balance sheets. Gee, it’s really, really, really strange that all the bad debts appear to be owned by taxpayers. How truly odd that the loan portfolios of the other banks seem to have miraculously turned so strong in the past six months . . . .
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Stacy Summary: The British economy turns Norman Bates-like as taxpayer owned banks start harrassing the taxpayer with threatening phone calls.
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Posted in Headlines
Tagged bank margins, black swan, chinese drywall, debtors, lloyds, mortgage, pensions, UK