BBC Blog Network

User Profile

purpleandyb99

Listed below are comments made by purpleandyb99 between Tuesday, 7th October 2008 and Tuesday, 7th October 2008.

«Newer
Older»

How to blow the head off this crisis? 11:44am on 07 Oct 2008 Further suggestion.

Mortgages.

They must not be mis-sold.

We need simple rules to decide what is a good sale of mortgage and what isnt.

Institutions should NOT be fined if they are caught mis-selling.

Instead, force the institution to waive any mis-sold mortgages. They would soon ensure that they never mis-sold again as the hit would be painful.

I'm single, no dependants and no addictions, my mortgage is £700 and my income is £1500. I can live comfortably even though my mortgage is x 5.2 my salary.

Andyb
How to blow the head off this crisis? 11:14am on 07 Oct 2008 Hi, I have a great respect for your opinion but I'm surprised that the concern for inflation is not more prevalent in your writing. What ever the wally's at the top decide, it must be SUSTAINABLE.

1. Guarantee deposits - little cost to govt or taxpayer, good confidence boost. DO IT.

2. Only allow govt stake in banks if it is ALL UK banks, else those who are not in the gang will be left unable to compete.

3. Interest rate cuts - Will temporarily help the economy but make it hard for the govt to raise capital on its bond sales. they may use taxes on the public instead which may spoil the original gain of cutting rates and make the UK unattractive for foreign savings investment.

4. Injecting cash is the same as printing cash. It leads to inflation. 'Work' has to be done by someone to justify extra cash. hand-outs do not do this.

5. As above in point 4.

6. As above point 2.

7. Too complicated. Any system that is complicated is open to a cock-up and to abuse. we need to keep it simple.

8. Tax havens are offshore for a good reason, they are attractive there. Leave them be.

9. 'With freedom comes responsibility' wise words that many at the top of the financial iceberg should heed. Govt does not need to control the financial system but it could make it legally a crime to try and abuse the system. This may instill responsibility in those who choose to exploit their freedom.

10. Do nothing is ridiculous. Capitalist survival is about reacting, adapting and creating. The UK is very good at this, why ignore the one quiver our bow could fire a long, long way. Lets make it happen and be in the lead of the rest of the world.

Andy

«Newer
Older»

^ Back to top

BBC MMVI

The BBC is not responsible for the content of external internet sites

BBC.co.uk

BBC Blog Network

Find and talk to the BBC's bloggers.

User Profile

purpleandyb99