May resists call for £1.5bn Carillion bailout

[Viper]

PM 'resists huge bailout for stricken contractor Carillion' amid fears firm could collapse under £1.5bn debt TOMORROW dealing hammer blow to schools, hospitals and transport projects

http://www.dailymail.co.uk/news/article ... llion.html

Tomorrows bug story i think. (Not on james o brien though he'll just be remoaning and talking solely to a few other remoaners).

Shareholders going to take a haircut?

[McAz]

She's probably right.

[Guest]

I this does happen the shareholders won't just take a haircut most will be wiped out, that's not the problem.

The problem is that Carillion have a vast number of contracts with the government and look after about 600 schools providing facilities management to ensure basic health and safety for children - that's not something we can let slip for even one day.

[McAz]

I this does happen the shareholders won't just take a haircut most will be wiped out, that's not the problem.

The problem is that Carillion have a vast number of contracts with the government and look after about 600 schools providing facilities management to ensure basic health and safety for children - that's not something we can let slip for even one day.

She can nationalise it - won't cost owt.

[Viper]

I this does happen the shareholders won't just take a haircut most will be wiped out, that's not the problem.

The problem is that Carillion have a vast number of contracts with the government and look after about 600 schools providing facilities management to ensure basic health and safety for children - that's not something we can let slip for even one day.

She can nationalise it - won't cost owt.

Lol fair comment. Might cost £1.5bn but if your going to spend that anyway why not?

[Cannydc]

I this does happen the shareholders won't just take a haircut most will be wiped out, that's not the problem.

The problem is that Carillion have a vast number of contracts with the government and look after about 600 schools providing facilities management to ensure basic health and safety for children - that's not something we can let slip for even one day.

The shares were £3 or so. They were 20p yesterday, and 14p now.

That looks more like a head shave than a haircut.

Lots of MOD establishments maintained by them too, including where I work.

[Stooo]

I this does happen the shareholders won't just take a haircut most will be wiped out, that's not the problem.

The problem is that Carillion have a vast number of contracts with the government and look after about 600 schools providing facilities management to ensure basic health and safety for children - that's not something we can let slip for even one day.

Hospitals too?

[Fletch]

And all the money from government contracts just disappeared...

Been talked about for a while yet this government saw fit to award them HS2 contract.

The tax payer will have to step in, yet again, just like the East Coast mainline and the care homes when they disappeared with the money.

Still the obedient sheep will bleat private good public bad.

[Rolluplostinspace]

Prisons too.
The joys of privatising essential infrastructure and services etc.
The only way out of course is government.
In other words socialism rides to the rescue yet again .... everytime capital .... ism goes tits up.

[Stooo]

Prisons too.
The joys of privatising essential infrastructure and services etc.
The only way out of course is government.
In other words socialism rides to the rescue yet again .... everytime capital .... ism goes tits up.

The work will still have to be done, the debts towards Kier are a concern and the ripple effect hits Virridor as well. There goes the waste disposal industry.

I'm not too sure about a rescue at this point.

[Rolluplostinspace]

Prisons too.
The joys of privatising essential infrastructure and services etc.
The only way out of course is government.
In other words socialism rides to the rescue yet again .... everytime capital .... ism goes tits up.

The work will still have to be done, the debts towards Kier are a concern and the ripple effect hits Virridor as well. There goes the waste disposal industry.

I'm not too sure about a rescue at this point.

I think it will have to be bailed but maybe a blurred bailed.
Lots of smoke and mirrors that will of course be exposed soonish and TPTB know this so I think it will be bailed by ... the great British mugs who keep voting for this kind of lunacy and the rest of us too.
Greed and a complete lack of morals seems to be destroying capitalism.
The great demise of the west?

[Stooo]

Prisons too.
The joys of privatising essential infrastructure and services etc.
The only way out of course is government.
In other words socialism rides to the rescue yet again .... everytime capital .... ism goes tits up.

The work will still have to be done, the debts towards Kier are a concern and the ripple effect hits Virridor as well. There goes the waste disposal industry.

I'm not too sure about a rescue at this point.

I think it will have to be bailed but maybe a blurred bailed.
Lots of smoke and mirrors that will of course be exposed soonish and TPTB know this so I think it will be bailed by ... the great British mugs who keep voting for this kind of lunacy and the rest of us too.
Greed and a complete lack of morals seems to be destroying capitalism.
The great demise of the west?

Continued demise.

Tarmac got too big, back door nationalisation...

[Rolluplostinspace]

Prisons too.
The joys of privatising essential infrastructure and services etc.
The only way out of course is government.
In other words socialism rides to the rescue yet again .... everytime capital .... ism goes tits up.

The work will still have to be done, the debts towards Kier are a concern and the ripple effect hits Virridor as well. There goes the waste disposal industry.

I'm not too sure about a rescue at this point.

I think it will have to be bailed but maybe a blurred bailed.
Lots of smoke and mirrors that will of course be exposed soonish and TPTB know this so I think it will be bailed by ... the great British mugs who keep voting for this kind of lunacy and the rest of us too.
Greed and a complete lack of morals seems to be destroying capitalism.
The great demise of the west?

Continued demise.

Tarmac got too big, back door nationalisation...

Banks got to big old folks homes got too big and Bransons NHS will get to big.
The almost complete privatisation of the NHS will cause its collapse once it stops being funded by the taxpayer.
Watch this space.
These Eton ideologist extremists have never owned or run anything in their lives.
It's all daddies and grandpas money and they have a strong feeling of entitlement and superiority.
There's a similar situation on Wall st.
Educated stupidity and greed.
No hard work experience.
No morals.
The death of empires.

[Viper]

Prisons too.
The joys of privatising essential infrastructure and services etc.
The only way out of course is government.
In other words socialism rides to the rescue yet again .... everytime capital .... ism goes tits up.

The work will still have to be done, the debts towards Kier are a concern and the ripple effect hits Virridor as well. There goes the waste disposal industry.

I'm not too sure about a rescue at this point.

I think it will have to be bailed but maybe a blurred bailed.
Lots of smoke and mirrors that will of course be exposed soonish and TPTB know this so I think it will be bailed by ... the great British mugs who keep voting for this kind of lunacy and the rest of us too.
Greed and a complete lack of morals seems to be destroying capitalism.
The great demise of the west?

Continued demise.

Tarmac got too big, back door nationalisation...

Banks got to big old folks homes got too big and Bransons NHS will get to big.
The almost complete privatisation of the NHS will cause its collapse once it stops being funded by the taxpayer.
Watch this space.
These Eton ideologist extremists have never owned or run anything in their lives.
It's all daddies and grandpas money and they have a strong feeling of entitlement and superiority.
There's a similar situation on Wall st.
Educated stupidity and greed.
No hard work experience.
No morals.
The death of empires.

Lol. Name one shadow front bencher who has owned/run anything

[Rolluplostinspace]

The work will still have to be done, the debts towards Kier are a concern and the ripple effect hits Virridor as well. There goes the waste disposal industry.

I'm not too sure about a rescue at this point.

I think it will have to be bailed but maybe a blurred bailed.
Lots of smoke and mirrors that will of course be exposed soonish and TPTB know this so I think it will be bailed by ... the great British mugs who keep voting for this kind of lunacy and the rest of us too.
Greed and a complete lack of morals seems to be destroying capitalism.
The great demise of the west?

Continued demise.

Tarmac got too big, back door nationalisation...

Banks got to big old folks homes got too big and Bransons NHS will get to big.
The almost complete privatisation of the NHS will cause its collapse once it stops being funded by the taxpayer.
Watch this space.
These Eton ideologist extremists have never owned or run anything in their lives.
It's all daddies and grandpas money and they have a strong feeling of entitlement and superiority.
There's a similar situation on Wall st.
Educated stupidity and greed.
No hard work experience.
No morals.
The death of empires.

Lol. Name one shadow front bencher who has owned/run anything

Welcome to British democracy.
General election and we get three millionaire lawyers to chose from.
Ok that's simplifying it a bit and occasionally an outsider like Corbyn appears.