Treasury to nationalise Bradford & Bungle bank

[Nick]

Santander have got the profitable bit, taxpayers have got the debts. Brilliant move.

[Barman]

Santander have got the profitable bit, taxpayers have got the debts. Brilliant move.

As I said in the OP...

This could have been a windfall for the taxpayer but all the decent bits will be sold off to 'friends' of the party and the taxpayer will be left with a load of worthless 'self assessed' mortgages...   

[Nick]

Precisely the case

http://www.order-order.com/2008/09/rich-marks-monday-morning-view_29.html

[Uncle Mort]

I was talking to a neighbour this morning who works for RBS. I asked him if they were safe. He wouldn't answer.   

[Nick]

Who is?

[Uncle Mort]

So I said "where do you keep your money?"

"under the mattress" was his reply. 

[Nick]

He can afford a mattress? 

The man is rich

[Uncle Mort]

His department arranges finance for 'social housing' projects. He doesn't seem worried by the credit crunch.

[Grumpmeister]

First time buyers have started looking more at the social housing option, going into part ownership with a housing trust. Given that the rates and required deposing are currently too high for the average first time buyer in normal cases, social housing may be a profitable area.

[Bar Wench]

First time buyers have started looking more at the social housing option, going into part ownership with a housing trust. Given that the rates and required deposing are currently too high for the average first time buyer in normal cases, social housing may be a profitable area.

It's the way forward.

[Nick]

Even in South Wales?

[Grumpmeister]

Its probably the only chance I'd have to get on the property ladder in Cornwall.

[Bar Wench]

Probably. Mind you who knows if that will ever happen!

[Nick]

Divorce from Mr Wench 

The poor chap




















 

[Grumpmeister]

News just in, the house of representatives has vetoed the rescue package that Bush was trying to force through. I dread to think what that will lead the gormless scots grasper to try next.