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‘Fairy godmother’ taxpayer faces funding £200bn British bail-out for greedy bankers
UK Daily Mail
Monday, Sept 22, 2008
Taxpayers could be loaded with up to £200billion of so-called toxic bank debts in a move to prevent a financial collapse.
Gordon Brown is under pressure from the City to follow the U.S., where the government has agreed to help bail out the banks.
But the calls provoked claims that Downing Street risks playing ‘fairy godmother’ to incompetent bankers.
(Article continues below)
The Government has refused to rule out a U.S.-style scheme, while insisting nothing similar is currently being planned.
City experts claimed that if the Prime Minister does not act, Britain could ultimately follow the U.S. into a financial and economic meltdown.
Such a move could ultimately load taxpayers with £200billion of stricken loans, City estimates suggest.
On Friday the White House stepped in to the market chaos with a pledge to nationalise American banks’ bad loans, in an attempt to prevent a banking crisis rivalling that seen in the Great Depression.
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8 Responses to “‘Fairy godmother’ taxpayer faces funding £200bn British bail-out for greedy bankers”
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September 22nd, 2008 at 4:59 am
How can you “prevent” something which is already happening? Could it be the emperor isn’t wearing anything?…
September 22nd, 2008 at 4:59 am
Anyone else getting email threats from “NWO agent 3658″ for posting on this site?
September 22nd, 2008 at 5:19 am
watch it before it disappears
http://ca.youtube.com/watch?v=Vv3yuRdD2oE
September 22nd, 2008 at 5:24 am
I really do like the UK and would regret to see it join the US on it’s highway to hell. They need to rid themselves of those corrupt so-called leaders like Thatcher (Ronny Raygun ass kisser) and Tony B-liar (Bush ass kisser) and continue to give the rest of us great music and comedies.
September 22nd, 2008 at 6:00 am
Hell why not everbody else is doing it.
September 22nd, 2008 at 6:18 am
The great implosion is on it’s way…we’re going to go looking for the assholes that caused it…they’re going to scurry into their rathole fortresses…martial law declared and our asses will end up in FEMA camps with a red disk on our arms.
September 22nd, 2008 at 7:02 am
call the deaf ears of your congressman and say no as he says yes !!!!!!!!!!!!!
http://www.youtube.com/watch?v=B6ZIHbFQAzU
September 22nd, 2008 at 7:43 am
The Economic System caused it along with corrupt Government and a morally corrupt citizenry. They’ll put the idiots in charge again if we let them. Total idiots. Brown is a Traitor, Murderer and Criminal, like the rest of them. These people are utterly disgusting.