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Farage gets an apology
- Thread starter Cougar377
- Start date
So accepting other folks money for safe keeping and playing the international markets with it is not gambling......?Yeah, right……
That is investment banking.
Different animal.
At least it is today but lessons learned the hard way in the past will soon be forgotten as they always are when The Bright Young Things come through and think they know better..
All banks invest in some form or another using the money they are given by the public.....
You give your money to the bank
The bank promises to take safe care of it
They promptly then use your money, together with loads of other folks money, to buy into a variety of moneymaking schemes
To give it an air of legitimacy, they call this "investing"
Most of these "investments" make money, one or two don't, but the overall result is that the bank makes a profit out of "investing" your money
There is a risk inherent in this "investing", as indicated above, in that not all "investments" will be profitable
This is called "risk management"..... as in they risk your money on their professional assessment that their "investments" have a high probability of success.
Note the phrase, "a high probability". i.e. not a dead cert.
In the real world, this idea of risking money on a scheme that will make more money, but isn't guaranteed to do so, is known as "gambling". The major differnece between you and I "investing" and the banks doing so is that they do it with your money.
NB: the use of the word "investing" is being used here to include the myriad methods by which banks make money by using customers money. Not just "traditional" investing.
e.g. lending, which is in itself a form of gambling, where the bank lends customers money to other customers or businesses after assessing the likelihood of the loan being payed back in full.
If you like….
You forgot to mention parrot's.
What do parrots invest in?
Or shops
The even harder fact is that much of the stuff on here was common in the work place until the snowflakes took over
Chicken feed.
Cockatoo
Parrotscetamol silly.
We really don't need to know about your night time preferences.
Apparently Nigel has just been turned down by the local bottle bank
Also read this published elsewhere :
Alison Rose, CEO of Nat West and Coutts, sat next to Simon Jack, BBC Business editor, at a charity dinner at Langhams Hotel on July 3. The pair spent the evening talking together. Farage had already disclosed days earlier that his accounts had been closed without explanation but that he suspected it was for political reasons.
The next day, July 4, Mr Jack published an exclusive story on the BBC website headlined: “Nigel Farage bank account shut for falling below wealth limit”. It quoted “people familiar with Coutts’ move” claiming that it had been a “commercial” decision to close Mr Farage’s personal and business accounts because he did not have enough money.
He and Ms Rose are declining to comments when asked what had been discussed during the meal, but it seems rather coincidental timing, particularly as it has been closely followed by a damage limitation apology by Ms Rose.
Alison Rose, CEO of Nat West and Coutts, sat next to Simon Jack, BBC Business editor, at a charity dinner at Langhams Hotel on July 3. The pair spent the evening talking together. Farage had already disclosed days earlier that his accounts had been closed without explanation but that he suspected it was for political reasons.
The next day, July 4, Mr Jack published an exclusive story on the BBC website headlined: “Nigel Farage bank account shut for falling below wealth limit”. It quoted “people familiar with Coutts’ move” claiming that it had been a “commercial” decision to close Mr Farage’s personal and business accounts because he did not have enough money.
He and Ms Rose are declining to comments when asked what had been discussed during the meal, but it seems rather coincidental timing, particularly as it has been closely followed by a damage limitation apology by Ms Rose.
It’s really hard to understand how stuff gets spread on social media…..
That's actually from a newspaper.
Oh it must be true then