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Wanderers Ways. Neil Thompson 1961-2021

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Posted

Don't think MPs need to be born and bred in the area they represent. Just do a decent job representing it. And actually spend time there.

 

During the 12 years that Winston Churchill was an MP for Dundee he visited the city 3 times.

  • 2 weeks later...
Posted (edited)

I see Osbourne's is selling RBS off at over a £7m loss, ironically that's double the ammount that was lost by labour selling off our gold reserve in 1999 rather than holding onto it until 2009 at the height of the gold market

 

I don't know how he has the gaul to keep banging on about the gold sell off whilst losing double in this deal on top off the billions lost in the Royal Mail sell off - surely this isn't prudent, conservative policy?

 

It also winds me up where he says.... "Yes we may get less than labour paid for it" - I thought bailing the banks out had cross party support and wasn't just a labour policy? If it was just labour that wanted this and he wanted the government to let our banking system go bust then he shouldn't be allowed anywhere near the treasury let alone be running it?

 

Secondly he says "however when you take the banks in total we will be billions of pounds in profit" (believed to be £14b) - does this mean then that labour have in effect made us billions of pounds profit by bailing out the banks with government debt and deserve credit for what they did in 2008?

 

Osbourne puts me off voting torie, surely they have someone better for such a promenant position?

Edited by birch-chorley
Posted

No, wait until it's worth a little more which it is expected to be in a year or two, it's currentky undervalued by about £1 a share according to SKY news

 

It's just like the Royal Mail sell off mess all over again and he's meant to be about being prudent

 

The ammount they bang on about the fucking gold sell off

 

He contradicts himself all the time, one minute blaming labour for costing the tax payer bailing out the banks the next admitting that the tax payer has made a profit bailing out the banks

 

He's fucking shite and needs to move on

Posted

Osborne is philosophically opposed to nationalised businesses and believe the RBS will go better in private hands, that's why he's selling it.

 

Also if fees and sales of assets are included the deal will produce a £5 billion profit, the RBS have already paid £5b in fees since privatisation.

Posted

Osborne has done a great job in helping rescue this country.

 

That's why Labour folk dislike him

Posted

I thought sky news said that its a £7b Los all things considered

 

I understand the opposition to nationalised businesses but when you own them at least get the best deal you can for them rather than giving them away like the Royal Mail deal

 

Besides if your against government owning business then I don't see how you can support governments owning and speculating in holding gold reserves? Surely that same philosophy would support Gordon Browns sell off of the gold reserve in 2000 then?

Posted

I thought sky news said that its a £7b Los all things considered

 

i was half asleep in the car, but im sure R5 said rothschilds have it down as a profit, all things considered

 

they also said the bank was a £2.3 trillion business when it was baled out - thats quite big

Posted

So we've made a profit on the asset that labour bought

 

Cameron's quote on sky news site "yes we may be getting a lower price than labour paid"

 

I thought the profit only came in when looking at all bailed out banks as a whole

Posted

Just wait until the child tax credit changes hit the headlines

 

Making people go and work for a living is not going to go down well outside the marches

Posted

Just wait until the child tax credit changes hit the headlines

 

Making people go and work for a living is not going to go down well outside the marches

About time we stopped subsidising professional baby factorys. 

Posted

i was half asleep in the car, but im sure R5 said rothschilds have it down as a profit, all things considered

 

they also said the bank was a £2.3 trillion business when it was baled out - thats quite big

In terms of the size of its assets RBS was the biggest company in the world in 2008

Posted

In terms of the size of its assets RBS was the biggest company in the world in 2008

And in terms of the size of it liabilities?

 

It was massively over geared, criminally mismanaged from the top.

Posted

It will only be cut if one of you earns over X meaning the Middle will get clobbered even more

 

 

dont set me off

 

always said that it should have been done on combined income of both parents

Posted

And in terms of the size of it liabilities?

 

It was massively over geared, criminally mismanaged from the top.

Assets were only slightly bigger than the liabilities.

 

No argument from me on the criminality. Surely people have been locked up in the US for similar?

Posted

I thought sky news said that its a £7b Los all things considered

 

I understand the opposition to nationalised businesses but when you own them at least get the best deal you can for them rather than giving them away like the Royal Mail deal

 

Besides if your against government owning business then I don't see how you can support governments owning and speculating in holding gold reserves? Surely that same philosophy would support Gordon Browns sell off of the gold reserve in 2000 then?

 

Who's to say we didn't overpay for it in the first place?

 

In fairness it had to be bailed out and Brown made the right move.

 

But at that stage when the world had stopped spinning, would Labour have known how much it was worth because by my reckoning it wasn't worth a bottle of milk.

 

Like many other things he was spunking money into a black hole so whilst this hole needed a bagful of the loveglue to keep it happy, chances are he didn't actually realise he was unloading it into a cheap tart with a secret drug habit.

  • 2 weeks later...
Posted

I thought sky news said that its a £7b Los all things considered

 

I understand the opposition to nationalised businesses but when you own them at least get the best deal you can for them rather than giving them away like the Royal Mail deal

 

Besides if your against government owning business then I don't see how you can support governments owning and speculating in holding gold reserves? Surely that same philosophy would support Gordon Browns sell off of the gold reserve in 2000 then?

 

He sells it cheap and his mates in the city will rake it in. Just like they did with Royal Mail.

 

It's so fucking blatent and they still get it away with it.

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