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Discussion in 'Politics, Religion, Social Issues' started by edesignuk, Jun 9, 2009.
Good news, surely?
this is good news, and i have seen a few other signs of things being slightly better around here, however the big thing that we are still facing is large, very large amounts of unemployment since companies are still not hiring, or still laying people off in an effort to tighten their belts it seems.
Great news! I never thought we'd see that! Very encouraging indeed. Let's hope they've learned something.
You'll have to excuse me a ROFL
they're only anxious to pay back the money in order to get back to 'the usual' rather than be under scrutiny from the govt.
I don't know if I count it as good news. The banks want to pay back the money so they can return to doing business as usual. They want to be able to give high executive pay and bonus's and stuff. Wasn't that part of their problem to begin with?
I am all about free market, and banks should be able to operate as they please. The freedom of doing business. But I think this is more like little children not wanted to be told what to do, rather than a good sign for the economy.
I personally think our economy is going to get a lot worse before it gets better. Gas prices are rising and inflation hasn't even begun to smack us.
But I am not an economist, that's just my opinion on the matter. For the sake of all I really really really want to be wrong.
A nice sign but nothing has changed regarding the systemic problems. We were told of all these "too big to fail" companies. What has been done about that?