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BUDGET (4 Billion Cut) , Anglo (4 Billion Life Line )??? ?

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  • 11-12-2009 6:01pm
    #1
    Leiva
    Closed Accounts Posts: 10,117 ✭✭✭✭


    O.K ,
    Without weighing down the debate and turning into a banking thread , can somebody please justify my point !


    I am finding it really hard to justify why Anglo (the dying animal it is) is been injected with this amount of capital ? yet the Govt get us to swallow this savage budget ?

    Isnt it just the case of using this money elsewhere (where its needed) or am i taking a to simplistic view on this ?
    What am i missing ?


    Anglo story HERE

    M


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    #2
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    pretty much all of the money cut will go to pay interest only

    for the billions already borrowed to pay PS/welfare/banks


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