I think the idea of taxing banks for bail-outs is very fair for the taxpayers, as the banks would only also charge interest on a slight overdraft incurred.



Bank of Englands Paul Tucker says banks should be taxed to pay for bail-outs


The Bank of England's deputy Governor has raised the prospect of imposing an effective tax on Britain's banks to help shoulder the cost of the financial bail-outs.

In a speech which send shivers of concern down bank shareholders' spines, Paul Tucker raised the idea that in the future the Government should be able to "claim back the eventual cost" of a capital injection into stricken banks after the financial crisis is finished. The comments, made in a speech in Tokyo, come amid growing disquiet on both sides of the Atlantic that normal taxpayers are having to bear the burden of a financial collapse which was not their responsibility.

In his first major speech since his promotion to deputy Governor responsible for financial stability, Mr Tucker, one of the most highly-regarded figures in the UK central bank, said governments should consider forcing banks to set up "insurance" schemes to cover the cost of possible future bail-outs.

Governments currently have schemes designed to ensure that depositors have a certain amount of their cash refunded if their bank collapses.

Mr Tucker added: "If the authorities determined that a public equity injection was necessary in order to preserve stability, government could be authorised to provide the support, but with a right to claim back the eventual cost, if any, from an increased 'insurance' levy on the banking system over a period of years beginning after the crisis had clearly passed. Under that kind of regime, more of the cost of banking system failures could fall on the shareholders of banks generally rather than on the public purse."

Although he said the reforms would need to take place "over the medium term", he later indicated that such a regime might conceivably be imposed to mop up after the current crisis, saying that unlike deposit insurance schemes, this system may not need to be pre-funded.

In the wide-ranging speech, Mr Tucker also warned that authorities were still grappling with the question of how to cope with the collapse of an international investment bank, such as Lehman Brothers. He said that in the future it might make sense for these banks to have their own "credible resolution plans... with higher regulatory capital and liquidity charges entailed if they do not."

hlyeo98

re - I think the idea of taxing banks for bail-outs is very fair for the taxpayers

Maybe fair for the taxpapers, but you are not one of them, on hearing that you are "signing on"

You have not change the spots, though trying to camuflage your language

Just get lost "Scavenger shorter"

               

On a down Market LLOY is performing the best as is the only one on the bank sector recovering from the lows earlier

It will move lower, don't worry.

re -It will move lower, don't worry.

What a "Silly Willy" you are, saying that when already has happen 64.20p now from 64.80p with my post 1 hour earlier

Credit Suisse has an underperform for Lloyds, cutting target to 55p from 65p.

27-May-09 Lloyds Banking Group LLOY Oriel Add 64.10p - - Upgrade

lol........these institutions are ALL LOSERS. no-one believes them anymore EXCEPT HYLEO! so what if it goes to 55p.....so what if it goes to 40p, whats it going to be in 5 years? thats what most people buying major companies look for, not short term movements.

also, mr.boulton the most successful fund manager for decades is spending HIS OWN money on banks.........go on hyleo and tell mr.boulton he is a loser too!

i know which one i'd rather listen to

Is looking better now, we tested yesterday's close at 2.40pm and now we are close again though the market is still well down.

m
your comments may well be true but if you are investing with a 5 year outlook i would be very surprised. daily comments on price movements are irrelevent. its just 'noise'. and you seem to be very noisy.
h98 makes no such assertions.
regards to you
lkd

jkd

Try to find the reason for my post

My comments are very welcome for the LONGS specialy if they go againts the predictions of what it seems "your mate" h98,....... " it will go to 50 / 60 after going into X - placing."

So far is loosing the battle despite the market being down since then almost every day.

so without taking too much notice of your comments, mine are intended in "TAKING THE PISS" from the Scavenger.

                                           

MRSI
since your post is directed to me i shall reply. my post to m was directed to marni not to you. m is marni MRSI is you. sorry if you misunderstood. h98 is not my mate, i just dont like to see anyone having the PISS taken as you put it. especially when he is, in my opinion, and from reading many of his posts, mostly right.
regards to you
jkd

Empty vessels comes to mind......

jkd

Next time you should make it more clear, before you making a big fuss, about your mistake( not typping the full nickname) maybe it is just you way on the past you calling with that "m" but I was not aware of that, if is like this.

I took your "m" for "Master RSI" specially because on the context it was said: I made daily comments about share price.

Next time you type the full nickname and that problem will not occur.

re - h8, -
If not mate then family related?
--------------
re - Taking the piss

re - Empty vessels comes to mind......

Flying pigs come to mine ( Balletboy )

........... positively childish !! I'm new to this arena but from what I read many of you should be in Nursery School at this time of day. Get a life & grow up !

re- Nursery School

You have just join the NS then for no fee

                      I like you glasses, not to mention you earings, and what a lovely bow tie

Conclusion

Keep you MOUTH SHUT if you have nothing to apport to the thread

......... bye bye faggots

Back to bussiness, till now not much to report, but ..........

News that the housing is getting into gear after month of INTEREST RATES at its lows, and doing well for the low prices of housing recently. The HBOS part of LLOY should see growing business as the economy gets into shape ...........


House prices up for 2nd time in 3 months

LONDON (Reuters) - House prices rose for the second time in three months in May, the consumer mood steadied and a top retailer enjoyed its best week this year -- further signs the economy may have started on the long road to recovery.

But analysts warned against getting too carried away, arguing that the Bank of England still has its work cut out to get a weak economy growing again before the end of the year.

The Nationwide building society said the average house price rose 1.2 percent during May, the second rise since March when house prices turned higher for first time since October 2007.

The annual rate of decline slowed from 15 percent to a nine-month low of 11.3 percent.

"Today's reading, while stronger than expected, is broadly consistent with the improving mood music in the housing market," said Colin Ellis, European economist at Daiwa Securities.

There were mixed, but encouraging, signs from a consumer confidence survey which showed the consumer mood holding steady in May, as an improvement in Britons' expectations for their own finances offset rising gloom over the economy.