Uk Income Investments
April 26th, 2010
Question: Why did the UK government nationalised Northern Rock?
This was my resolved question. Now I wish to apologise to my best answer, Wiseguy for not rating his answer with five stars. His answer,Because the British government owned by bankers. He is right I had missed his point. We all should be grateful to those innovative bankers and banks everywhere. In good time they are high corporate and income taxpayers.in addition they provide, help with financing to organisations, companies and individuals and all sectors of the economy to make profits, buy homes and enable the people to be employed and become taxpayers also. The economy to achieve sustainable growth. They are also voters to vote in governments.For doings all these they are being blanded as pariahs and should not be paid a reasonable pay and bonus( of course not those exorbitant pay and bonuses of the past investment banks) Now Obama is introducing a new tax on all American banks. I think he is right when he said that awarding him the nobel price was a mistake.
Answer: The British government nationalised Northern Rock to prevent it from going bankrupt and taking all the money of the people who held accounts at the bank with them.
If ‘socialist’* government is so bad then why are the countries with the highest standards of living like this?
* There are no Socialist governments in the EU, but in US terms they are Socialist because US politics is very right wing.
Time to get a high income, low-risk & guaranteed return from Bricks and Mortar?
Posted in 
Tags: