Quote:
Originally Posted by mafia_man
They're not going anywhere Paul. They say that every time regulation is proposed.
If they want to fuck off to Hong Kong or Singapore then let them. Fuck knows the Chinese government or the Singaporeans won't bail them out when they need it.
They love the UK. It lets them do risky investments with big returns backed by the tax payer if it goes wrong.
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Well the rest of Europe is now about to bail out banks, so not just the UK.
You don't know what the Chinese will do to get them to move over. Still how long before China builds it's financial institutions to rival and over take the City of London?
The UK banks might stop lending money to the UK or EU. Now that would be even worse.
Unlike everyone else, I don't blame the banks. They just lent money to people often on a spending craze who didn't have a snowballs chance in hell of repaying the loans. Like Greece, Ital................. You know the list.
If the banks hadn't of lent like they did, the amount of money being spent by the citizens of most of the EU would of been far lower. We were all running around enjoying the money flooding into our coffers. Many maxed out their personal CC, now they have maxed out their countries CC.