On Mon, 25 Jan 2010 10:17:45 -0000, "Andy Pandy"
wrote:


"Mark" wrote in message
.. .
And incompetent regulation - like this lot hiring that loony from
HBOS
as deputy chair of the FSA after he had previously sacked his head
of
risk regulation at HBOS for, erm, continually highlighting the risks
they were taking.

I don't recall this. Do you have a link to the story?

http://news.bbc.co.uk/1/hi/business/7883409.stm

http://news.bbc.co.uk/1/hi/uk_politics/7883434.stm


Most of the pain is going to be felt (is being felt?) by the
working
population, like my kids,

Yup.

but only one still lives in Britain, the other two are in
California and
Cairns.

Very sensible of them :-)

The worry for me is that I am 76, still active and reasonably
fit,
but
what will be there for me when I need the NHS, or personal care?

It'll be there, but if you've been daft enough to save they'll
take
all your
money to pay for it (unless you live in Scotland).

I fall into the "Enough pension and savings to exclude me from any
means tested benefits, but no yacht".
I'm still working on the acronym for that...

The horror stories of care homes make me think about strapping a
few
fireworks round me and trying to take a few *ankers with me.
;-)

It's not that bad yet - but there really will be problems if the
government
don't have the balls to take tough decisions soon.
Andy

Yes, whatever it's colour. I'd love everyone to vote LD and
send
them into a panic.

Normally I'd welcome a hung parliament but this time it could be a
disaster as the markets want to see a strong government.

The markets aren't everything.

They are when the government needs to borrow £170 billion per year! If
they can't get that credit cheaply because the markets don't trust
them to sort out the current mess then we'll enter a downward spiral
of increasing cost of debt increasing the borrowing requirement...

It would be better for the government not to borrow such ridiculous
amounts of money.

It might make the big organisations
write off the debt they are trying to hide at present.

Erm, why? And how would that help?

To not prolong the recession.
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