Archive for October, 2008
Time To Stick A Stake In The Banks
The british taxpayer is to take a huge stake in the main high street banks of this country. Somewhere deep in the treasury someone is wting cheques for 37 Billion pounds to help support the banking industry. We didn’t do this for the car industry when they were in trouble we watched as the government [...]
Are Shares Worth Anything?
With all the tumoil in the stock markets I was just looking at a company that two years ago was valued at £200 million and today you could buy it for around £7 million or so. How can that make any sense whatsoever.
It seems clear that the share value of a company has little to [...]
Can I Have An Interest Rate Cut And A Few Billion Pounds Please?
It has always been the case that some small businesses that were running successfully but having cash flow problems would be effectively shut down by the banks who refused to allow additional credit even when that credit would have been a temporary support while money owed could be collected. The banks always claimed they had [...]
