tag:blogger.com,1999:blog-3732919976442735382.post7508088367581282868..comments2023-10-08T10:24:24.396+01:00Comments on Stephen's Liberal Journal: Need to Get the Banks Lending AgainStephen Glennhttp://www.blogger.com/profile/03027718551675624433noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3732919976442735382.post-23219132151155556172009-12-16T18:15:25.878+00:002009-12-16T18:15:25.878+00:00Firstly these banks are only Scottish in name as t...Firstly these banks are only Scottish in name as they dealt globaly and all previous taxes went to the treasury.<br><br>Secondly as they are still insolvent corporate businesses they don't have the liquid funds to lend as they hold £4.2 trillion in foreign assets on paper!<br><br>They are bankrupt and are only in existence by taxpayers funding.cynicalHighlandernoreply@blogger.comtag:blogger.com,1999:blog-3732919976442735382.post-16440802482475427972009-12-16T19:33:29.147+00:002009-12-16T19:33:29.147+00:00That may be the case but our Government bailed the...That may be the case but our Government bailed the out so that they could continue to go about the job at hand, i.e. banking. As the Grandson of a Bank Manager I'm sure he would be turning in his grave at the way the banks are failing to carry out their primary function, due to the bingo tactics.Stephen Glennhttp://www.blogger.com/profile/03027718551675624433noreply@blogger.comtag:blogger.com,1999:blog-3732919976442735382.post-13779735834669989092009-12-16T20:23:04.022+00:002009-12-16T20:23:04.022+00:00But thats like asking a shop to give you tick when...But thats like asking a shop to give you tick when they dont have the collateral to reduce some of their stock for a definitive period resulting in the shop defaulting on their obligations to their creditors. Capitalism rules.cynicalHighlandernoreply@blogger.com