£200 Mn. Giveaway - form an orderly queue, whilst it lasts, shortage of supplies means bankers must be dealt with first (alphabetically)

Taxpayers face years of debt in bank salvage deal

Taxpayers are poised to take on the "toxic" debts of High Street lenders in a new bank rescue deal which will cost taxpayers billions of pounds.

Under the "pay as you go" plan, details of which are secretly being horsetraded between bankers, wankers and the rest of the Threadneedle flapdoodles in their elegant "parlours" , the Government will create a new insurance scheme (like the one that saved Equitable Life shareholders ?) that would see liabilities of up to £200 billion potentially kept on the public books for years. Sunday Telegraph

So we turned to Dean Swift and his exquisite tales of the voyage of Lemuel Gulliver to the Land of Brobdingnag - he spends some time telling the King about how his country is run and the King poses several questions,of which one is .

"What qualifications were necessary in those who are created new Lords: whether the humour of the Prince, a sum of Money to a Court lady, or a Prime Minister, or a design of strengthening a Party oposite to the Public interest , ever happened to be the motives in these advancements."

With all this exciteable talk of a snap election which needs funding ....?

" .. he was still at a loss how a Kingdom could run out of its Estate like a Private person. Who were our Creditors? and where, wwe found money to pay
them? he wondered to hear me talk of such chargeable and extensive wars; that
certainly we must be such a quarrelsome peple ... he was amazed to hear me talk
of a mercenary standing army in the midst of peace, and amongst a free
people."

..and he added ...

" You have clearly proved that ignorance, idleness, and vice are the proper ingredients for qualifying a legislator. That laws are best explained , interpreted, and applied by those whose interests and liabilities lie in perverting , confounding, and eluding them."

All of which caused him to say....

" I cannot but conclude the bulk of your natives, to be the most pernicious race of little odious vermin that nature ever suffered to crawl upon the surface of the earth."

and to conclude (and repeat) ..

But, if what I told him were true, he was still at a loss how a kingdom could run out of its estate, like a private person." He asked me, "who were our creditors; and where we found money to pay them?" He wondered to hear me talk of such chargeable and expensive wars; "that certainly we must be a quarrelsome people, or live among very bad neighbours, and that our generals must needs be richer than our kings."

Gordon orders November Election before banking system implodes

Reading last night about the voyage of Lemuel Gulliver to the Land of Brobdingnag - he spends some time telling the King about how his country is run and the Kings poses several questions,of which one is .

"What qualifications were necessary in those who are created new Lords: whether the humour of the Prince, a sum of Money to a Court lady, or a Prime Minister, or a design of strengthening a Party oposite to the Public interest , ever happened to be the motives in these advancements."

With all this exciteable talk of a snap election which needs funding ....?

" .. he was still at a loss how a Kingdom could run out of its Estate like a Private person. Who were our Creditors? and where, wwe found money to pay them? he wondered to hear me talk of such chargeable and extensive wars; that certainly we must be such a quarrelsome peple ... he was amazed to hear me talk of a mercenary standing army in the midst of peace, and amongst a free people."

The Office for National Statistics reports a net cash requirement of £5bn last month – the highest for August since monthly records began in 1984. The Government's preferred measure, the net borrowing requirement, was £9.1bn, again far higher than expected.

In the longer term, the Treasury is concerned that the turmoil banking will reduce tax payments it receives from the financial sector.

The ONS said it had transferred the debts from Tube Lines and Metronet, which maintain London Underground tracks and stations, on to the public sector's books.

" You have clearly proved that ignorance, idleness, and vice are the proper ingredients for qualifying a legislator. That laws are best explained ,interpreted, and applied by those whose interests and liabilities lie in perverting , confounding, and eluding them."

All of which caused the King to say....

" I cannot but conclude the bulk of your natives, to be the most pernicious race of little odious vermin that nature ever suffered to crawl upon the surface of the earth."