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Northern rock

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Range Rover Blues:
I heard the other night on the radio that now each one of us has put £700 plus into propping up Northern Rock.

Of course it's a loan and suposedly we can ask for it back at any time, yeah right.  If the loan were recalled then they would have to call in their mortgages, so the gov't has us over a barrel.  Though as the chancelor has a Northern Rock mortgage I'd laugh if his got recalled.

Anyway, now some numpties are bitching about how much their shares have gone down and they are loosing money, they want the Gov't to step in again with my money and compensate them :evil:

Well I'm sorry but if you gamble your life savings on the stock exchange you get what's coming to you, good or bad.  I havn't got the money to invest heavily but even I know it's not guaranteed to make money.

I feel sorry for the folks with money on deposit but the bank of England is only supposed to back up the first £30,000 or so IIRC, again people with that much money being compensated by the tax payer :?

But shareholders I've no sympathy with at all, one guy was saying he's lost £90,000 worth of shares now as the takeover bid valued them at £6,000.  Boo-hoo, I never had £6,000 to invest and if I had I'd not have been so greedy with it.

What say you all? given that our road tax went up this year to pay for a war we didn't want, how do you feel about it being used to compensate greedy fools?

Drift:
I heard it was £900 each last night  :evil:

Range Rover Blues:
That's £200 in the psace of a couple of days.  Not funny is it?

Drift:
I agree with your views, its a gamble that the investors and share holders seem to have lost.

If I bet on a horse and lost would I get compensation ? ha ha

Just as well I dont gamble and you play the game you pay the price  :wink:

Panda:
So let me get this right, if someone buys shares in a company then things go wrong and they loss money we (tax payers) have to bail them out???

So how about if they buy shares and they do really well and they make loads of profit do we get to see some of that money??

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