The story about Banco Santander and the UK’s taxpayers £18 billion still has not made it into the press. It just shows you the power of Labour spin, and the cleverness of their media manipulation. The story is there on the Treasury website, hidden but clear to anyone who wants to read it.
We were told by the government and the media that the deposits of Bradford and Bingley along with their branches had been sold to Banco Santander for a positive sum. This was never very likely, as deposits are liabilities. You have to pay someone to take them away.
Indeed, that is what has happened. The UK taxpayer is borrowing £18 billion to send £18 billion in cash to a Spanish bank to take the deposits over
FUCKING HELL! Another fucking 18 billion out of our collective pockets to give to the fucking Spanish to take over our banks????????
John Redwood has more.
1 comment:
O/T: Sperm's thought for the day, it is.
In his spare time, the comedian, Barry Humphries likes to relax by painting watercolours, usually landscapes.
When asked about his influences and his niche in the community of watercolourists, Barry replied that he was "somewhere between Churchill and Hitler".
Post a Comment