Les

It's not just councils

I see a lot of police forces had millions squirelled away at ICESAVE and that TfL had £40 million invested in ICESAVE.......... what on earth are they doing with my taxpayers money !!

Shaun

Ooooh dear some folks council taxes increasing a bit next year ..!

still at least theyll be safe in the knowledge they own a little bit of iceland :lol1:

Down another 6%:eek2:

It is only money...

So its even worse then. Turns out it was through the advice of our government too.

Makes you think too about the constant council tax increases when they had so much cash on their hands.

Les :(

only if you're a victim of the folly, you can also profit from the volatility....

today my trades were up 35.94% so equip yourself wisely ;)

Not all the blame lies with the traders/mortgage advisors. People who took out mortages that they couldn't hope to pay if rates went up and people who exaggerated their income on their mortgage applications have to bare some of the responsibilities. Ok the lenders should have had more thorough checks, but these people also knew what they were doing when they took on the debt.

Nobody complained when the borrowed and remortgaged to buy their houses, extension on their house, build up their property portfolio and become landlords, drive nice cars, wear nice clothes, have massive plasma TVs and take exotic holidays etc.

Then we get the same tax paying people complaining because the Government are using tax payers money to bail out the banks and while traders get paid massive bonuses. Contrary to popular belief, not all traders get big bonuses. But even if they did, so what, they make far in excess for their employers than they are paid. Wouldn't you like to be rewarded if you made several hundred million for your employer? Likewise they don't get a bonus if they don't make money.

If these people didn't exaggerate their income and/or take on debts they couldn't hope to settle, then we wouldn't have a sub prime.

I'm perfected well equipped, thank you for asking...:thumb:

There's a lot of sh*t talked on forums.

....Most of it on this one.....


durr.... :)

Much of it by you mostly :)

Just what I've thought for years :thumb:

Sometimes i think UB and PSL are the same person :D

Its on nearly every forum. Archair experts of the world unite.

Wahoo! It's soaring this morning!

Oh,hang on.......It's coming down again.

(makes me smile when they say '6% up!!!!' and forget to mention 'as against the 35% it lost).