I, as a tax payer, paying lotsa tax
, own 84 % of that. Assuming 1/2 the UK population pay taxes (and it is shared out equally -I'm not greedy), where is my cheque for £ 38.30 ?
RBS just announced profiets of 1.14 B for the first half of the year.
I, as a tax payer, paying lotsa tax , own 84 % of that.
Assuming 1/2 the UK population pay taxes (and it is shared out equally -I'm not greedy), where is my cheque for £ 38.30 ?
Er, in the post? I hope that's where mine is too.
nope that goes to the share holders who were as much to blame for the problems in the first place. We get the debts they get the profits thats fair
Isnt it ??
regards
Agriv8
^^^ you're joking right? So although I "own" part of it, I will get F.A?
Damn right it's not fair.
I'd better cancel the ebay bid on that 911 then 
Surely that proffit should go straight back to us (ie the government)?
Surely the government own 84% of shares on our behalf and the money goes back into the UK pot??
Not getting into a political row here just how i read the situation
Dan
You beat me to it loggyboy 
Dan
Great minds think alike etc etc
(or hopelessly optomistic minds?)
[Edited on 6/8/10 by loggyboy]
quote:
Originally posted by 02GF74
RBS just announced profiets of 1.14 B for the first half of the year.
I, as a tax payer, paying lotsa tax
Assuming 1/2 the UK population pay taxes (and it is shared out equally -I'm not greedy), where is my cheque for £ 38.30 ?
At the moment the share price of all the banks who were bailed out is higher than when the gov't bailed them out, so they could sell them at a
profit.
But if the gov't sells them now, and the price rockets up (as it might), then they will get criticised for not maximising their income.
I wouldn't want to be in the gov't position...
I belive ( and am probably wrong ) the thinking goes like this.
Gov ( us ) prop up bank and underwrite bad debt. Part of the loan is paid back over agreed peroiod but most of the profit goes to share holders or the
there would not be any share holders so the gov would have to prop the bank up More.
but in my view how it all started
The share holders wanted the returns and the banks took the risk to get the returns all was ok until the could not buy any more cash to lend to people
who could not pay it back.
regards
Agriv8
[Edited on 6/8/10 by Agriv8]
Indeed the government should get 84% of the profits seeing as they own 84% of it the bank. I think the government should have forced them to sell them
shares and do it properly in the first place.
If the government did get back some cash it might start paying off the ridiculous loans taken out with foreign countries to pay the banks! If I recall
correctly, we mostly got the money to prop up the banks from China.
So now we're massively overdrawn to China and the only people not suffering are the people who put us in the mess in the first place and the
people who bought shares in the company that did.
For some reason the people closest to the problem (the people who ran the company and the shareholders that owned it) seem to think they should be
immune from the ramifications whilst the rest of the country (who only had the misfortune to live on the same patch of land as these idiots) suffer.
So should I moan when you need an operation which gets paid by the NHS and I don't have one. I'll just say his op cost £3,500 so I want the
same in my bank as I haven't had it?
I think that you might find that the shareholders have lost a sh*t load of money. The share price is still pence when it was £'s!
So the government take out their 84% and then the bank fails, top job! or as a rescue they continue to invest and get the bank on a stable footing
then sell.
There was nothing stopping anyone buying shares when they were low, I bought at 29p and they are now 50p odd. Equally, I could lose my money.
Don't forget that the biggest holders of shares in UK companies are UK pension providers - half of your pension pot or so is dependant on these
banks and other companies turning a profit, returning a dividend, and their share prices going up - unless you're in the public sector, in which
case yours are underwritten out of future budgets, paid for by taxes....
I for one don't mind seeing their share price keep going up!
i expect that, and the rest of my wages they never paid me theiving cnuts
You can't compare a private company being propped up with tax money to the NHS.
I don't think we should personally recieve the money but the Government should get the money back with Intrest.
Do you think it would be better to spend that money on Yachts and porshes for share holders, or paying off national debt, or for supporting the
unemployed?
quote:
Originally posted by 02GF74
^^^ you're joking right? So although I "own" part of it, I will get F.A?
Damn right it's not fair.
I'd better cancel the ebay bid on that 911 then
quote:
Originally posted by 02GF74
RBS just announced profits of 1.14 Bn for the first half of the year.
Assuming 1/2 the UK population pay taxes (and it is shared out equally -I'm not greedy), where is my cheque for £ 38.30 ?
Have you heard the term.....
Cannon fodder
Sorry, there's no cake for you lot!
quote:
Originally posted by smart51
quote:
Originally posted by 02GF74
RBS just announced profits of 1.14 Bn for the first half of the year.
Assuming 1/2 the UK population pay taxes (and it is shared out equally -I'm not greedy), where is my cheque for £ 38.30 ?
The nation owns 84% of RBS so the dividend from the profits goes to the nation. It is kept in safe keeping in the treasury where it will be used to pay off the loan the nation took out to fund the bail out of the banks. The dividend means you and I won't have to pay. You will be getting your share of the money in the form of not having to put up taxes quite as much.