http://www.bloomberg.com/apps/news?pid=20601087&sid=aJeUXTggqiT0&refer=worldwide
Screw the banks help the people!
Give the money to the people and let them pay their loans off and the banks will start to work again
To jump start the banks without the helping people who keep them running is just throwing money away to the rich.
Because the banks cannot still keep running after the bailout is gone!
The reason for the breakdown still hasn't been fixed!
The bleeding of the people dry by the interest and taxation that drain their lives!
Sept. 27 (Bloomberg) -- British banks are proposing the government help bail them out of losses from the credit crunch so they can resume lending, said four people with knowledge of the discussions.
Industry executives held talks this week about different options, including the establishment of a so-called bad bank, run by the government. It would take over assets including mortgage-backed securities that declined in value with the collapse of the U.S. subprime home-loan market, said the people, who declined to be identified because the negotiations are confidential.
``The economic downturn is gathering momentum,'' George Magnus, senior economic adviser to UBS AG in London, told Bloomberg Television yesterday. ``The mortgage industry is pretty much dead. The government does have to do something
