Showing posts with label credit crunch. Show all posts
Showing posts with label credit crunch. Show all posts

Sunday, 23 November 2008

A Solution for Gord and Ali

Second post today, just had a shower and shave and am firing on 2 ½ cylinders.

I have just had a thought that will solve our problems in one stroke.

What Gord and Ali have to do is: reset house prices,
yes, press the reset button, reduce all house prices to their current value-approx- 20% less than they are now, and reduce every ones mortgage to the same amount.
People wouldn't fall behind in their payments and repossessions wouldn't happen.

That would put hundreds of pounds in peoples pockets each month, would eliminate negative equity, and would not involve “tax cuts” now and “tax rises” in the future.

Stuff the Banks and Building Societies’; they have got enough of our money.

People would then have money, be able to spend and “kick start” the economy.

Well Gord and Ali wadya think eh?

Worth a try.


Tuesday, 14 October 2008

The Credit Crunch and the NHS

The “credit crunch” may now affect cancer research at The Christie NHS Foundation Trust in Withington, Manchester.

Because the trust has £7.5 million in an Icelandic bank, the Kaupthing Singer and Friedlander (KSF), unless the money can be “rescued” future research may be affected.

BBC NEWS Research fear over Christie money

I wonder what other NHS services will be damaged by the failure of the banking system?

How many other foundation trusts have our money invested with failed banks.

How much of our money was invested by the government in unstable financial institutions?

And will they tell us?

No of course they won’t, all they will do is reduce services, saying that “lack of funds” is the reason.

No it isn’t, it’s poor financial management, the crash was known about before we were told, the “Powers That Be” kept the lid on it to prevent another “Northern Rock”, but although they knew, nothing was done to protect “our” money by moving it to a stable “bank” because it would have caused panic in the financial sector.

Unfortunately keeping it quiet didn’t work because the economy crashed anyway. And to date has cost us £37 Billion with more to come.

I keep hearing words such as openness, clarity, honesty, truthfulness, but that is all they are-words.

As always the “powers That Be” treat us like mushrooms, they keep us in the dark and feed us shit.

In my blogs on NHS Exposed I introduced "On to other Things", I would like to expand this and “do” this here.


On to other things

Too few surgeons for cancer ops-BBC
One in ten hospitals in England and Wales do not have enough specialist surgeons for gullet cancer. The Department of Health says “trusts need a minimum of three surgeons to provide round-the-clock care for patients with this common cancer.
The target was meant to be met by all trusts by December 2007.
Experts said the shortfall meant some patients might potentially be put at unnecessary risk.”

Richard Hardwick, consultant surgeon and lead clinician for upper gastrointestinal cancer for the Association of Upper GI Surgeons (AUGIS), said: "If you are going to provide a comprehensive service it is almost impossible to do with two surgeons.

"Three specialist surgeons is the absolute bare requirement. Otherwise you are getting by on a wing and a prayer.

"Patients undergoing this type of surgery are complicated and it is vital that they are constantly monitored by a specialist."

The audit began in 2006.

My comment-if it was known before 2007 that there was this problem, why oh why wasn’t something done?

Is this yet another case of the “reactive” NHS?

And there is this from the Times

Jeffrey Archer: Why I just get on with life - Times Online

Two comments-Who Cares? And who cares?

Somethins up with madonna-the sun

Skinny Madonna sparks health fears

Sorry I had to use the Sun but needs must.

Madge is really looking gaunt and thin, she is apparently eating well, perhaps it’s all those trips to Africa to obtain kids that is wearing her out, and at her age she should be taking it a bit easier.

Hazel blears-the sun

Clarkson Ms Hazel Blears: Not even a waste of space

This a great article by Jeremy Clarkson, I really can’t think of anything else to add to it.

And to finish a “royal” joke, I was watching a re-run of “Mock the week” last night.

“Things you wouldn’t expect the Queen to say in her Christmas speech”

This has to be said with the “accent”.

“One has had some medical problems during the last year, one is now so old that one’s pussy is haunted”


Angus Dei

Saturday, 4 October 2008

Is your credit crunched?

Who Cares

I am not a political animal, but it is hard to ignore the media at the moment. There is the American election and the economy both here in the UK and there, and apparently all across the world.

So I feel I would like to put my pennyworth in.

First of all the American election, now I am not saying it isn’t important, but when will it end? There has been more than enough publicity to sate anyone’s’ appetite.

I am almost positive that the American people have reached a decision as to which candidate they want to vote for. But the media continues to grind out the same old same old.

And to be honest I am really fed up with it. Aren’t you?

Then there is the economy. The problems we are experiencing now is due to only one cause-GREED.

The bankers lent money to people who couldn’t afford to repay it, because they are in a win-win situation, if the lenders couldn’t repay the loans then the banks would repossess their houses and resell them, providing the loan again-GREED.

The stock markets were putting rumours about that certain banks and companies were in trouble (short selling), in order to reduce the price of shares, they “borrow” the stock from a broker sell it at a high price, then wait for the stock price to drop, buy back the stock at a reduction, then “return” or “cover” the stock to the broker. Pocketing the difference with little risk to themselves-GREED.

Now the banks are scared to lend money to each other, hence the credit crunch.

A lot of people have made enormous amounts of money-GREED. And will walk away free and clear, while hundreds of thousands of ordinary folk will lose everything.

I am against the “bailout” packages, I believe that the bankers, dealers and governments caused the collapse and they should be the ones to pay for it, not us.

Will the governments cover the mortgage debts of borrowers, no, will they provide the thousands of people being made unemployed with decent jobs, no, will they even help people who cannot afford to both keep warm or eat, no.

The excuse is that the “economy” must be protected for the good of the country, fine just don’t expect us to protect it. We aren’t responsible for the mess, so why the hell should we pay for it, anyone with shares in these companies has lost the lot, and anyone with a pension with these companies has a meagre retirement to look forward to. Will the governments help those people, no. But the bail out will happen.

Bank of england bails out british banks

Because the members of the governments have index-linked pensions, they don’t have to worry. We do. Just look at Ian Blair who has resigned. He will walk away with something like £600,000 plus an index-linked pension of £100,000 plus per annum. WHY?. If you resigned from your job you will get unused holiday pay, if you are lucky.

Mayor rejects Blair row criticism.

I don’t know what the answer is, perhaps it is better to let nature take its course, and let the struggling banks fall, if the governments guarantee the savers’ money, then I think they should.

If tighter controls had been in place to begin with we would not be in this position.

God; I hate politics.

Angus Dei