here we go again

[srijantje]

http://www.bbc.co.uk/news/business-12316309

here we go again,isn't this supposed to be taxpayers money?

[billy]

i think they paid their loan back sj, if they did it means they can pay what they wish.
i think some of the increases are obscene, specially when you add on the free shares
they get as well. what makes it worse is that this is a yearly occurrence and not just a one off

[srijantje]

you reckon they paid back a trillion dollars?

[mrmod]

The scariest and most irritating thing is that we can't do shit about that .

[billy]

they didn't borrow a trillion sj, they only borrowed a part of it.
i think the gov mad a profit off them though i cant be sure,

i'd have no complaints if the banks were run honestly but from what i can see they're just out to screw everyone.
specially the mortgage section of them.

[srijantje]

well,to screw everyone,that's the nature of the middle men,get something as cheap as possible[from the producer]then sell it as expensive as possible[the consumer]if in this endeavor you have the protection of the government[as in many cases you have,since they're the same people]you can't go wrong and the consumer has no chance,sown up in other words

[billy]

i think with the banks the consumer definitely
gets the short end of the stuck, theres so much red tape that getting
a complaint resolved can take forever.
still at the end of the day it's us who chose to use them.
i wonder what would the rest of the banks would do if we boycotted just one bank
and then threatened to boycott another until we got thing like credit cards and mortgages at reasonable rates.

[billy]

so basically the debts will never get paid.
who did the clock and is it correct?

[mrmod]

Every country has a debt. So who are all the debt holders? If you are paying your debt and receiving someone else's payment, what happens when the equilibrium breaks? Does just everybody go poor?

[srijantje]

islamic banks are not supposed to take interest,or no more than 2 % or something http://en.wikipedia.org/wiki/Islamic_banking

[mrmod]

Not every country has debts. China and Norway are debt free.
They are both sitting on enormous foreign currency hordes and investments.

According to the source you mentioned earlier (http://www.usdebtclock.org/world-debt-clock.html) China has some sort of debt.

[mrmod]

Yes, but Chinas still has some sort of external debt. It is expressed as a percentage of the GDP in the figures you showed us.