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Sequin | 10:45 UK time, Monday, 6 October 2008

What's happening in Germany?
And why has it taken so long for the Treasury to find out exactly what is happening in Germany?
Does anyone in HM Treasury speak German?
What's the German for "every man for himself?"

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  • 1. At 10:58am on 06 Oct 2008, Big Sister wrote:

    No doubt you already know this, Sequin, but as a non-German speaker I couldn't possibly comment.

    I suspect the French may be shouting "Au secours", however ....

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  • 2. At 11:03am on 06 Oct 2008, The Stainless Steel Cat wrote:

    This comment was removed because the moderators found it broke the House Rules.

  • 3. At 11:08am on 06 Oct 2008, Big Sister wrote:

    This comment was removed because the moderators found it broke the House Rules.

  • 4. At 11:17am on 06 Oct 2008, Big Sister wrote:

    Oh dear, Cat, I thought your No. 2 very funny. Perhaps the mods took it in Alan Coren vein?

    No doubt my no. 3 will also disappear, including as it does some germanic words. But Sequin did ask, didn't she? ;o)

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  • 5. At 11:26am on 06 Oct 2008, The Stainless Steel Cat wrote:

    Big Sister (4):

    Huh. I was just in the process of deciphering yours when it got modded.

    Quick chaps! Everyone nip down Tom while the goons are busy. We can be over the border to the Archers forum by daybreak. Remember, don't get caught out by speaking the wrong language!

    *whistles*

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  • 6. At 11:27am on 06 Oct 2008, Big Sister wrote:

    Kittycat: All I said (in German) was

    Left, Right, and Straight Ahead.

    Essential German for when you're touring in Germany! ;o)

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  • 7. At 11:28am on 06 Oct 2008, U11204129 wrote:

    Never mind bashing the politicians and the government.

    What about calling together every CEO of every bank and finance house and inviting them to come up with one good reason why their outfit should not be taken into public ownership? (They should be).

    There is an overwhelming case too, for the sequestration of huge personal fortunes. One thinks of Gavyn Davies (an ex BBC Chair) who made a huge fortune at our expense whilst working with Goldmann-Sachs. (He speculated against the £ when Lamont was Chancellor. (A sure-fire bet, surely))
    His fortune is part of our social capital which has become booty for one man.
    We need it, accessible, in the public domain, for we, the people, to use in times of crisis. Like now.

    C'mon Treasury officials! Take the lot into public ownership. Take courage, bite the bullet. Tell yourselves that any fool can run a bank or a finance house and evidently many have and do.

    You can only make it better. (It 'can't get no worse')

    Trust competent economists who are still wedded to the '45-'51 models of public enterprise. You'll be hard pressed to find them, I know, what with early retirement and the years of Thatcherite indoctrination in the Universities, but it'll be worth it.




    2. No, the credit crash is only just beginning.

    1. In any language.

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  • 8. At 11:46am on 06 Oct 2008, The Stainless Steel Cat wrote:

    Big Sister (6):

    The last part is new to me. I shall file it in my vocabulary.

    I've just got a note from the goons verb... sorry... forbidding me to include non-English words in my posts.

    Sorry Sequin, we can't help with your request. Maybe the Treasury couldn't find out what the Germans were doing because they were reading it on a moderated blog?

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  • 9. At 11:49am on 06 Oct 2008, Big Sister wrote:

    Interestingly, however, French is allowed. See my (1)

    Surely this is discrimination? ;o)

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  • 10. At 11:57am on 06 Oct 2008, The Stainless Steel Cat wrote:

    Big Sis (9):

    Jar vole, mine leap-shin. Definitely discrimination. And given that more of our language comes from the same root as German than comes from Norman/French roots, none too logical.

    Maybe they just don't like comic-speak. Shall we try out something from The Bunty and see?

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  • 11. At 12:02pm on 06 Oct 2008, Big Sister wrote:

    I wasn't a Bunty girl, more of a Beano lass.

    Heap big trouble, as Little Plum might have said.

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  • 12. At 12:13pm on 06 Oct 2008, jonnie wrote:

    Well in answer to the question it seems that Angela Merkel is not actual giving a 100 per cent commitment on guaranteeing savers money.

    It seems a little more ambigous - a verbal, they won't loose their money.

    We should all do as the Danish and give a total blanket safety net.

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  • 13. At 12:35pm on 06 Oct 2008, jonnie wrote:

    I think Carolyn, you should now be asking what's happening in Iceland?

    It's going to a busy programme tonight isn't it ;-)

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  • 14. At 12:46pm on 06 Oct 2008, steelpulse wrote:

    This comment was removed because the moderators found it broke the House Rules.

  • 15. At 12:49pm on 06 Oct 2008, Stewart_M wrote:

    Jonnie, Iceland is a lovely country. When I visited most of the people I met had two jobs. None were fishermen.

    So what should I do with my Savings. Ireland, Northern Rock or should I use them to pay off one of my loans? That way I will have less debt but also less wealth.

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  • 16. At 12:51pm on 06 Oct 2008, Charlie wrote:

    "...What's the German for "every man for himself?""

    Mandelson

    Or, should that be Mandelsohn..?

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  • 17. At 12:58pm on 06 Oct 2008, steelpulse wrote:

    This comment was removed because the moderators found it broke the House Rules.

  • 18. At 1:06pm on 06 Oct 2008, Stewart_M wrote:

    My german is not great (E at O level) but are the banks in the mist?

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  • 19. At 1:19pm on 06 Oct 2008, MarcusAureliusII wrote:

    A spectre is haunting Europe. It's the spectre of bankruptcy.

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  • 20. At 1:42pm on 06 Oct 2008, Big Sister wrote:

    MarcusAureliusII - Not just Europe, it would seem! I believe you have a little local difficulty across the Pond? ;o)

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  • 21. At 1:48pm on 06 Oct 2008, U11204129 wrote:

    20

    Yeah, but a spectre is haunting Europe, it's the spectre of bankruptcy.

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  • 22. At 2:17pm on 06 Oct 2008, The Stainless Steel Cat wrote:

    (19) and (21):

    Wur doooomed! Doooomed ah tell ye!

    Cheer up for crying out loud!

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  • 23. At 2:42pm on 06 Oct 2008, Piper wrote:

    "Does anyone in HM Treasury speak German?
    What's the German for "every man for himself?""

    Don't tell her Pike...

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  • 24. At 2:45pm on 06 Oct 2008, mittfh wrote:

    Unfortunately, according to Today, if the German government does give a written 100% guarantee, it'll cause a big headache for our government.

    Apparently, Germans collectively have about £450bn worth of savings. We have about £900bn.

    I don't suppose the US could find another £400bn - this time to help us out? :)

    I suppose what might the German government might be doing is the crafty method - no automatic protection for all savers (which looks good on the balance sheet), but the moment a bank's in trouble, guarantee all the deposits at that one bank (thus reassuring it's customers).

    Maybe we'll be adopting a similar approach?

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  • 25. At 3:46pm on 06 Oct 2008, Nigel_N wrote:

    I thought that Angela M's comment was very similar to the comment made by Gordon B on the PM programme a few weeks ago. Obviously the message has a different meaning according to who said it.

    pmLeader. If you wish to put your savings into a nationalised bank, try going to the Post Office and opening a National Savings Account. It won't take you long to realise how good capitalism is against state-run.

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  • 26. At 5:45pm on 06 Oct 2008, David_McNickle wrote:

    BS 4, Yes, well.

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  • 27. At 5:46pm on 06 Oct 2008, David_McNickle wrote:

    BS 6, I think links is acceptable here.

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  • 28. At 5:48pm on 06 Oct 2008, David_McNickle wrote:

    BS 20, I think MAII lives in one of those states that trade in turnips.

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  • 29. At 5:51pm on 06 Oct 2008, U11204129 wrote:

    Alister Darling, pathetically, seeks to please the financial markets. With gifts of our money.

    Why, why, why?

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  • 30. At 5:51pm on 06 Oct 2008, David_McNickle wrote:

    Just out of interest, if Brits decided to put their pounds in Irish, German, etc banks that are going to cover 100 percent of money, will the pounds be automatically converted to euros?

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  • 31. At 11:06pm on 07 Oct 2008, Chris_Ghoti wrote:

    DMcN @ 30, I asked someone who knows about these things (me, I have never had enough money to go in for off-shore accounts and such) and I am told that the answer is 'that depends on the bank'. So helpful. :-)

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