• Dear Guest, Please note that adult content is not permitted on this forum. We have had our Google ads disabled at times due to some posts that were found from some time ago. Please do not post adult content and if you see any already on the forum, please report the post so that we can deal with it. Adult content is allowed in the glory hole - you will have to request permission to access it. Thanks, scara

Heathrow expansion

A bank can't loan out more than it is worth because the loans are assets. The more it lends the more it is worth. It was very much a liquidity problem.

They aren't assets if they are worthless and junk. That was the problem. The ratings agencies had given them tripple a ratings and they turned to junk. Because they could not be paid back.
 
What do you guys think of this viewpoint? You can skip to 40 mins if you want to jump to the nub.


This guys a total fraud, claimed he was the top trader during his time at Citi but several sources have said he was just a junior and nowhere near the top performers. Very arrogant though he's made a mark promoting himself I'll give him that.
 
The way I look at this one is that 7-8% of this country work in construction. If any government don't create big projects then these guys and gals are out of work and this has an impact on our benefits system and even NHS. You have major projects like HS2 and Hinkley C that consume a fair amount.

I've never been an advocate of increasing the capacity of LHR though.
 
Estimate of costs for this project have increased from £14 billion to £63 billion according to the airlines.
Yeah because the government decided to increase public spending by hammering businesses only to find that public sector costs are now rising as they're being charged more by their private sector contractors and suppliers due to rising costs for private sector businesses....where's my Rachel Reeves faceplanting into a locked door she thought was open signed "growth" GIF?
 
Back