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Don't waste your time project. druidh knows full well that the total cost to Britain for the Credit Crunch/Bankers Recession is impossible to work out. All the job losses, loss of tax revenue, benefit payments, bailouts, loss of profits, etc etc is too vast to calculate. Although druidh would like you to believe that it's insignificant, ie the Credit Crunch/Bankers Recession has little effect on the Uk's economy 🙄
You don't have an answer then, just more mindless dribble?
I've always got an endless supply of mindless dribble druidh.
Although I have to confess, I can't quite match your mindless dribble which suggests that the Credit Crunch/Bankers Recession cost Britain no more than a bit of loose change.
You truly must be the only person on this planet who believes that.
In monetary terms the gov has more than likely profited from lending to the banks.
the social cost of recent events (not the bail out/lending to banks but the lending by the banks) however is harder to calculate but is more than likely a loss.
i think that is what druidh is aiming at.
I've always got an endless supply of mindless dribble druidh.
Ha! You weren't expecting that one, were you?? 😆
i think that is what druidh is aiming at.
I know exactly what druidh was aiming at. God only knows how often he keeps prattling on about it.....I was determined not to give him the opportunity to regurgitate it one more time.
It's just complete nonsense anyway. In the same way that if I complained after having to spend £300 because my 24volt SDS drill had been stolen, it would be nonsense for someone to claim that the drill hadn't in fact cost me anything, on the basis that it would in future, save me money.
The reality is that the government should be making money out of banking anyway - or at least offering the services at reduced costs to customers. Rather than leaving it all to a bunch of greedy incompetent bonus-addicted chancers.
I don't remember btw, the Tories arguing that the bank bailouts were absolutely fine as the government would profit long-term from it. And of course exactly the same could be argued about the fiscal stimulus, ie how could it be costing anything if long-term it will have repaid itself ?
The truth is, as project suggests, that the bankers recession has cost as dearly - in jobs, wages, housing stock, etc etc . And just to link it back nicely with university education :
[url= http://www.timeshighereducation.co.uk/story.asp?storycode=406617 ]
The cost of the credit crunch mounts: a round-up of university budget-cutting efforts[/url]
The initiative taken for the concern is very serious and need an attention of every one. This is the concern which exists in the society and needs to be eliminated from the society as soon as possible.
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