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Anubis
Barsoom


279 Posts

Posted - 05/02/2008 :  20:48:42  Show Profile  Reply with Quote
Back on the Books - Housing Associations' debts accidentally nationalised?

http://www.ft.com/cms/s/0/2eebcaea-d38d-11dc-b861-0000779fd2ac.html

long time no see
Earthsea



United Kingdom
6771 Posts

Posted - 05/02/2008 :  20:51:36  Show Profile  Reply with Quote
Yes Anubis
New Labour under Un-Elected Scottish Brown
appear to be the Worst Power ever.


The Sooner they are Kicked out the better.

Edited by - long time no see on 05/02/2008 20:52:42
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Tombstone Blues
Earthsea



2165 Posts

Posted - 05/02/2008 :  21:16:26  Show Profile  Reply with Quote
Yep, Genghis Kahan, Caligula, Ivan The Terrible, Hitler, Stalin, Pol Pot, Blair, Brown . . .


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Miriam Binder
Earthsea



United Kingdom
5815 Posts

Posted - 05/02/2008 :  21:18:07  Show Profile  Reply with Quote
quote:
Originally posted by long time no see

Yes Anubis
New Labour under Un-Elected Scottish Brown
appear to be the Worst Power ever.


The Sooner they are Kicked out the better.

Having read the article it seems to me as if this is not something that has happened but something that could happen.
quote:
The federation says poor drafting gives ministers so many reserve powers to direct housing associations that it in effect "nationalises" them, turning them into public sector bodies.

If that happens, the federation says, the associations' £35bn of borrowing will come back on to the government's balance sheet.

here

I think the operative words are "If that happens".

"Those who would give up essential liberty to purchase temporary safety deserve neither liberty nor safety" - Benjamin Franklin
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