BBC Blog Network

User Profile

Steep1

Listed below are comments made by Steep1 between Thursday, 16th October 2008 and Sunday, 22nd February 2009.

«Newer
Older»

Brown's cautious bank reforms 10:51am on 22 Feb 2009 The horses have indeed bolted and the PM is closing the stable door. Unfortunately it is the wrong stable!

The only thing that is keeping Gordon Brown in power is his Commons majority, acquired by Tony Blair. In previous governments he would have had to resign.
First Septic Bank (revisited) 12:14pm on 16 Jan 2009 a) There must be a point at which the tax payer cannot pay these debts.

b) What will future governments do about taxation policy when we have been saddled with so much debt, so they will have to be a new radical fiscal policy - possible Thatchers policy of kitchen tale economics, only spend what you earn.

c) It looks like a very bleak year(s) are ahead.

d) Why has the stock market ignoring these events?
Taxpayers' short-term loans to business 1:08pm on 13 Jan 2009 Does this mean the end of Tax and Spend , after all we, the taxpayer, will be paying for the credit crunch for years to come. If so, what are they going to replace it with?
Banks still not lending 1:49pm on 16 Oct 2008 Could one of the reasons why the banks are reluctant to pass on interest rate reductions be due to the funding gap they are experiencing. According to the following article;

http://www.hemscott.com/news/comment-archive/item.do?id=42168

banks have a significant funding problem now and even worse is predicted in the future.

Does the recent 'nationalisation' of the banks go far enough.?

I suspect that the only way out of this cycle is to re-start securitisation of assets, albeit heavily modified in the investors favour and with proper regulation. This could inject significant funds into the banking sector and start to reduce the funding gap, which will then lead to inter bank lending.

«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

Steep1