On Apr 21, 11:35 am, alexy <nos...@[EMAIL PROTECTED]
> wrote:
> Vide...@[EMAIL PROTECTED]
wrote:
>
> > coming to america soon,
> > 28 days, then 90 days, than 6 months, than a year, then maybe
> >lifetime? i betcha its coming. meanwhile we must not pamper the little
> >guys, after all, they must be self responsible.
> > i wonder how many more 4 pound lobsters, french champagne, and
> >bonuses will be consumed after this little give away to the free
> >market.
>
> Do you read the articles you post?
> Do you know the meaning of debt forgiveness?
> Where did you think you saw anything in this article about debt
> forgiveness?
>
the above statement is coming from a guy who could not see what was
coming last august. sorry alex, you are in no position to even
understand what is going on right now. remember, to understand, you
must be able to connect the dots, and understand that there are other
shoes about to drop. OBTW, the other shoes have been dropping almost
daily now since you last slunk away.
>
>
> >http://biz.yahoo.com/ap/080421/britain_credit_crisis.html
>
> >Bank of England facilitates bank debt swap
> >Monday April 21, 7:40 am ET
> >By Robert Barr, Associated Press Writer
>
> >Bank of England offers banks $100B program to swap mortgage-backed
> >securities for UK issues
>
> >LONDON (AP) -- The Bank of England, aiming to deal with the crippling
> >impact of the U.S. subprime mortgage crisis, on Monday announced a
> >$100 billion plan to allow banks to swap mortgage-backed securities
> >for British Treasury bills.
> >"The Bank of England's special liquidity scheme is designed to improve
> >the liquidity position of the banking system and raise confidence in
> >financial markets while ensuring that the risk of losses on the loans
> >they have made remains with the banks," said central bank Governor
> >Mervyn King.
>
> Reread that paragraph several times to see if it sinks in.
>
i understand it totally. you do not.
> >"Given its scale, the scheme is indemnified by the Treasury, but is
> >designed to avoid the public sector taking on the risk of potential
> >losses," the Bank of England said.
> >"Banks will need, at all times, to provide the Bank of England with
> >assets of significantly greater value than the Treasury bills they
> >have received. If the value of those assets were to fall, the banks
> >would need to provide more assets, or return some of the Treasury
> >bills."
>
> Hard to read that as debt forgiveness.
>
the above statement is coming from a guy who did not see what was
coming last august, even though there were those doom and gloomers
such as i that warned you. you used different terminology(willy nilliy
i think), but it meant the same.
you will never change, this quote is for you,
"our state and nation have experienced major declines resulting from
contem****ary conservative leaders and their simplistic ideas. their
dour polices regularly fail to connect the dots, let alone comprehend
the space between them.
richard a. swanson"
> --
> Alex -- Replace "nospam" with "mail" to reply by email. Checked
infrequently.
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