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TheCountOfNowhere

This weeks Sunak give away is....

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Posted (edited)

https://uk.reuters.com/article/uk-health-coronavirus-britain-sunak/sunak-offers-100-state-backed-loans-to-smallest-firms-idUKKCN22922S?rpc=401&

 

UK offers 100% state-backed COVID loans to smallest firms

 

By State they mean Tax payer

By Loan they mean, handouts

By UK they mean the establishment

By smallest firms, they mean the people who've already robbed funding  circle's creditors

 

Ergo....

The establishment offers 100% tax payer backed bad flu year handouts to anyone who wants free cash.

 

It get's more insane by the day.

 

Edited by TheCountOfNowhere

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1 hour ago, TheCountOfNowhere said:

https://uk.reuters.com/article/uk-health-coronavirus-britain-sunak/sunak-offers-100-state-backed-loans-to-smallest-firms-idUKKCN22922S?rpc=401&

 

UK offers 100% state-backed COVID loans to smallest firms

 

By State they mean Tax payer

By Loan they mean, handouts

By UK they mean the establishment

By smallest firms, they mean the people who've already robbed funding  circle's creditors

 

Ergo....

The establishment offers 100% tax payer backed bad flu year handouts to anyone who wants free cash.

 

It get's more insane by the day.

 

What have you got against small business?

This had to be done unless you wanted to see most of them go to the wall.

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45 minutes ago, spunko said:

Let's see what the questions are like...

"Are you in massive personal debt up to the eyeballs?"
No.

"Is your company in massive debt due to corporate negligence?"
No.

Answer:
"Sorry...Computer says no. Only those who run their businesses at a huge loss are eligible for free government money".

 

“Bounce Back Loans” they call them

 

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BBC reporting these loans are SELF CERT

 

More liar loans.

2 hours ago, Wight Flight said:

What have you got against small business?

This had to be done unless you wanted to see most of them go to the wall.

Nothing.  Lend them money, if they have assets and a way of paying it back.

Dont hand tax payers ( out ) cash out to any fucker who can fill out a self cert form

This is lunacy in the extreme.

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20 minutes ago, TheCountOfNowhere said:

BBC reporting these loans are SELF CERT

 

More liar loans.

Nothing.  Lend them money, if they have assets and a way of paying it back.

Dont hand tax payers ( out ) cash out to any fucker who can fill out a self cert form

This is lunacy in the extreme.

You are so wrong. You don't understand how banks work.

This was the only way to keep the economy alive.

Trickle up economics.

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2 minutes ago, man o' the year said:

If they require security or pursue defaults this could be a massive vote loser.

I disagree. People are better placed to judge their own risks than the cretins that work in banks.

Sure some will fail. But they would have done anyway.

But many will survive that would have failed.

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Posted (edited)

The examples I have seen recently in the media have been dog trimmers, florists and a wine school. They already seemed deluded and destined to fail. Throw 10k at them will just delay the inevitable - times have changed and people will no longer fritter money on such pursuits or at least not for a while.

Edited by man o' the year

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4 hours ago, TheCountOfNowhere said:

https://uk.reuters.com/article/uk-health-coronavirus-britain-sunak/sunak-offers-100-state-backed-loans-to-smallest-firms-idUKKCN22922S?rpc=401&

 

UK offers 100% state-backed COVID loans to smallest firms

 

By State they mean Tax payer

By Loan they mean, handouts

By UK they mean the establishment

By smallest firms, they mean the people who've already robbed funding  circle's creditors

 

Ergo....

The establishment offers 100% tax payer backed bad flu year handouts to anyone who wants free cash.

 

It get's more insane by the day.

 

Privatise the profits. Socialise the losses. Those that load up with RISK and debt aren't a liability, they're a benefit to the economy. Let's bail them out. Nothing saved for a rainy day, have a bailout. The tax payer can pay. Welcome to New age Capitalism. 

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1 hour ago, Wight Flight said:

I disagree. People are better placed to judge their own risks than the cretins that work in banks.

Sure some will fail. But they would have done anyway.

But many will survive that would have failed.

2 words.... 

 

Self cert mortgages 

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Posted (edited)
7 minutes ago, Wight Flight said:

Aside from counting not being your strong point, mortgages never employed anyone.

This is entirely different.

Its not my counting thats out it was the crooks/idiots who couldn't add up taking out LIAR LOANS that caused a lot of the devastation in the financial system. 

 

Have you lent through funding circle? Have you seen the two bot crooks that have taken out loans there? 

That's with FC doing checks 

 

The irony was lost on you i guess 

Edited by TheCountOfNowhere

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2 minutes ago, TheCountOfNowhere said:

Its not my counting thats out it was the crooks/idiots who couldn't add up taking out LIAR LOANS that caused a lot of the devastation in the financial system. 

 

Have you lent through funding circle? Have you seen the two bot crooks that have taken out loans there? 

That's with FC doing checks 

 

The irony was lost on you i guess 

Anyone that lent money through funding circle was a greedy cretin that got what they deserved.

If people think they can get 10%+ interest with no risk they needed the reality check they have been given.

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2 minutes ago, Wight Flight said:

Anyone that lent money through funding circle was a greedy cretin that got what they deserved.

If people think they can get 10%+ interest with no risk they needed the reality check they have been given.

I lent and got 6% and got out before the door was bolted, it eas obvious what was coming. 

If people think self cert borrowing is a acceptable.

, esp tax payer backed, the reality check should be theirs

 Again its obvious what is coming. 

The bankers are forcing debt onto us, all of us. 

 

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2 minutes ago, TheCountOfNowhere said:

I lent and got 6% and got out before the door was bolted, it eas obvious what was coming. 

If people think self cert borrowing is a acceptable.

, esp tax payer backed, the reality check should be theirs

 Again its obvious what is coming. 

The bankers are forcing debt onto us, all of us. 

 

You were lending to the lower risk group. That was sensible.

The banks were doing the very opposite for business. They simply weren't lending at all.

The business world was constipated. It needs a decent dose of ex-lax before the shit explodes.

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5 hours ago, Wight Flight said:

What have you got against small business?

This had to be done unless you wanted to see most of them go to the wall.

Well, we know that people will exploit any weakness to get money where it is allowed.

We know that the small business segment in the UK is stuffed full of chancers alongside the legit wealth creators

This does nothing to differentiate between the two

ergo, it will be a massive fuckup.

 

How about actually targetting money at businesses who have, oooh I dunno, had more than two employees who paid more than 20k in income tax in the past two financial years?

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