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Thursday, October 16, 2008

Brown Bail-out Under Threat As Bank Seeks Better Deal

Gordon Brown's lauded banking bail-out risked unravelling last night as Lloyds TSB lobbied the government to ease the repayment conditions attached to an emergency injection of taxpayers' money.
The urgent attempt to renegotiate parts of the bail-out terms - and allow rescued banks to pay a dividend to their shareholders - came as the stock market wiped out all of the gains made in the euphoria following the bank rescue package, amid anxiety that the global economy was plunging into recession.

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Use tax payers money to not only bail out the banks but pay dividends to shareholders??

You gotta be kidding me!!

And who will benefit the most? Yes your right the fat cat bankers who have the most shares!

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