Gretna Administrators Make

[davieb]

Quite incredible, I don't know how that sort of fee can be justified

 

http://news.bbc.co.uk/1/hi/scotland/south_...and/7361405.stm

[OneZanderDiamond]

Everyone knows it's a well paid job.

 

Most of the guys doing the work will be on a yearly salary but the head guy that was on telly and a couple others will be making a fair whack in "bonuses".

[Guest LondonScottish]

Quite incredible, I don't know how that sort of fee can be justified

 

http://news.bbc.co.uk/1/hi/scotland/south_...and/7361405.stm

 

 

That's not going to be just one person; probably cheap at the price, considering the task involved.

[bluegreycoo1983]

Quite incredible, I don't know how that sort of fee can be justified

 

http://news.bbc.co.uk/1/hi/scotland/south_...and/7361405.stm

 

Most big firms of accountants and lawyers charge rates like that. If it was a London law firm it could be upwards of

[davieb]

Most big firms of accountants and lawyers charge rates like that. If it was a London law firm it could be upwards of

[Douchebag]

its a scandal

 

its a job that could probably be done by one accountant and cleared up in a few days

 

these vultures charge 200 odd and hour and sit on their hands for a few weeks raking up the bill.

 

of course they will be paid first then the real debts will be paid.

 

 

I was talking with my mate last night about when George Soros made

[E-P-K]

its a scandal

 

its a job that could probably be done by one accountant and cleared up in a few days

 

these vultures charge 200 odd and hour and sit on their hands for a few weeks raking up the bill.

 

of course they will be paid first then the real debts will be paid.

I was talking with my mate last night about when George Soros made

[Guest LondonScottish]

its a scandal

 

 

 

 

I was talking with my mate last night about when George Soros made

[E-P-K]

His hedge fund probably made around

[RTYD]

Speaking of George Soros , He is trying to buy Roma for $400 Million

 

Aye I bet we wouldn't be calling it scandalous if he was going to buy the Dandies

 

Astute businessman would be the phrase.

[Guest LondonScottish]

Quote George Soros.

 

 

And your point is caller?

 

He sold short to the tune of

[Douchebag]

surely you cant agree with businesses like this making fortunes out of ordinary peoples misery?

 

we all saw what happened in the 80's with banks turfing people out of their homes, and we said then collectively never to trust banks again

 

and they have just done it again and we all fell for it

 

encouraged a housing boom which forced sale prices through the roof... hppily lent them the money at a reasonable rate, then doof.... whack on a few % to the interest rate, repssess a bunch of properties putting families on to the street

 

you know its just to take money from the population.. the bankers are all powerful, they laugh in the face of politicians, they do not care about peoples welfare only making money for some elite shareholders owners

 

stock market traders have even less scruples.

 

its about time these peoples wings were clipped

[SteveW]

its a scandal

 

its a job that could probably be done by one accountant and cleared up in a few days

 

these vultures charge 200 odd and hour and sit on their hands for a few weeks raking up the bill.

 

of course they will be paid first then the real debts will be paid.

I was talking with my mate last night about when George Soros made

[Douchebag]

true

 

its just that im a bit of an old style marxist

 

i dont really see why a doctor or lawer needs

[Guest LondonScottish]

surely you cant agree with businesses like this making fortunes out of ordinary peoples misery?

 

we all saw what happened in the 80's with banks turfing people out of their homes, and we said then collectively never to trust banks again

 

and they have just done it again and we all fell for it

 

encouraged a housing boom which forced sale prices through the roof... hppily lent them the money at a reasonable rate, then doof.... whack on a few % to the interest rate, repssess a bunch of properties putting families on to the street

 

you know its just to take money from the population.. the bankers are all powerful, they laugh in the face of politicians, they do not care about peoples welfare only making money for some elite shareholders owners

 

stock market traders have even less scruples.

 

its about time these peoples wings were clipped

 

 

How did the mortgage lenders cause the boom? The Bank of England cut the rates, the economy was booming, shares were going through the roof, there was a flood of high-rolling foreigners (Russia, Dubai, etc) property buying, and a flood of immigrant workers boosting the market for first time buyers, inflation was low, etc, etc, etc.....

 

Banks are business's. Why should the UK lenders get screwed like all the US lenders in particular Bear Stearns which went to the wall??? Luckily for the UK, the sub-prime debacle happened in the States first, thus giving the rest of the World a heads up on the impending financial collapses of other economies.

 

Base rate is still 5% Considerably lower than it has been for many many years historically. Its obviously horrible for people having their home repossessed, but why should the banks carry the can if people can't now afford repayments?

[OneZanderDiamond]

its a job that could probably be done by one accountant and cleared up in a few days

 

I'm afraid it's not mate

[SteveW]

true

 

its just that im a bit of an old style marxist

 

i dont really see why a doctor or lawer needs

[Douchebag]

so.. going by your stinky logic

 

you would let a doctor commision a multi million pound piece of electrical equipment without knowing wtf he was doing

 

but you wouldnt trust an electrician to administer asprin for a headache

 

 

and do you hand over your cash willingly to a dentist, who has just lightened you

[Guest LondonScottish]

so.. going by your stinky logic

 

you would let a doctor commision a multi million pound piece of electrical equipment without knowing wtf he was doing

 

but you wouldnt trust an electrician to administer asprin for a headache

and do you hand over your cash willingly to a dentist, who has just lightened you

[E-P-K]

Speaking of Administration, I have read on another board that Kilmarnock are very close ( as in days / weeks away ) from going that way.

 

That would just top off a crazy crazy season in the SPL.

[Douchebag]

may be a good thing to get some teams going bust, long term

 

might force the old firms hand in sharing out more of the pie

 

then again this is the old firm they would stand by and watch as these diddy teams go bust

 

as long as they rake in most of the setanta money they dont care how bad the opposition gets.