Friday, 22 January 2010

Matinee Idle

Make your own. Thanks, Lil. Charles Moore, proper Conservative, wrote the other day that if you left the country now and didn't come back until polling day, you would have missed NOTHING that might inform your electoral decision. What a grisly three months we have in store.

9 comments:

lilith said...

It is so depressing Idle. The country wanting something else and Dave offering more of the same.

El-Kevo said...

You're right there, Idle.

Fighting a new war using the last war's technology.

We've moved on from Blairism. The very last thing we need now is a cover boy.

El-Kevo said...

http://electro-kevin-electro-kevin.blogspot.com/2010/01/blog-post.html

Philipa said...

Oh spot on, Idle. As ever.

Off topic: many are outraged that RBS, largely state owned, lent monies to facilitate Kraft takeover of Cadburys. Is it true that government could not step in as to do so would mean acquiring RBS debts on government books rather than as seperate co. ? (heard this on R4 the other morning and believe I have it right but would appreciate clarification if you would be so kind? Thanks)

idle said...

Pip, it doesn't matter a bugger that Kraft are taking over Cadbury. Every company has a price. Warren Buffett thought that Kraft were paying too much even BEFORE they raised their price to the final bid. Shareholders should therefore be happy.

A complete govt takeover of RBS would mean assuming the equity (probably worthless), and therefore 'lose' all the govt subsidy to date, but the debtholders would still be exposed to a total or partial loss. Or the taxpayer would end up bailing out the bondholders at par, more likely.

El-Kevo said...

The shareholders may be happy but should we be ?

It matters a bugger to me because I'm saving in a pension fund and I also pay taxes to support redundant workers - job losses are on the cards with this one.

It's also demoralising to hear of the amount of British brand names which are now foreign owned "It's been going on for ages, Kevin - this is the norm." Maybe so. And that's one of many reasons why I think Britain's had it; the outflow doesn't match the inflow - except in population levels of course.

Now to the issue of putting food on the table...

The Lakelander said...

I've written to Gordon Brown, offering to make up some posters for him.

I'm still waiting for a reply.

Exciting, isn't it?

The Old Tarf said...

Well it is cold comfort. Our Tory's over here no better.

At least yours are doing something. Ours are on Holiday (Prorogued again) until March.

Philipa said...

Many thanks for reply, Idle.

Do think Kev has a point re: job losses. All these 'back to work' schemes mean zilch if there is no work to be had.