British bankers....

[Rockter]

A big British bank, the HBOS are in big trouble today, seeking a buyer. Over-exposed to disastrous debt. The American outfit AIG are having to underwtite a bunch of the losses, but they went bust yesterday.

HBOS happens to be the bank I use.

Damn these over-paid pen-pushers. They make collosal amounts of money and they did not bother to check the quality of the debt they were buying.

Now I hear that the Federal Government of the United States are having their credit rating reviewed. I hope they look at the British treasury too soon. No bloody wonder. What example do they set for debt management to anyone? Like, £100,000,000,000 this year alone, debt, and endless debt throughout the years of growth too.

Unemployment reached 1.75 million today, and the official rate of inflation is 4.7%... yea, and the rest.

Damn the lot of them.

Shares are plummeting.... heaven help your pension fund on that one.

[sailingdog]

Umm... GWB starts with the largest surplus in American history, and ends up with a financial disaster of epic proportions... Exactly who is going to be paying for all the bailouts his administration is proposing.

[dakuehn]

SD,
Have you seen CBO or GAO projections for the unfunded portions of Medicare/Medicade? There was never any real surplus in 2000.

[serenity4u2]

The brits are sitting fine... I am laughing at the posts and the stupidity... The Brits jumped in on the USA bailout.. Lets make some money- You go Brits... Barclays's- Brits third largest bank jumped in when Merl Lynch was up for sale.. The big Brit Bank already owns the USA debt... Can you say SLAVE?