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Post by Baron von Lotsov on Mar 13, 2023 1:06:23 GMT
Total UK venture capital funding in the UK deposited with SVC is £5.5bn for these 3000 clients. Insurance only covers £85k so maximum guaranteed payout is only 5%. These are mostly so called tech firms and they will go bust unless they can find alternative investment, which is going to be hard since the idiots lost it the first time. Should we tell them it is your own fault for putting all your eggs into one basket, now you go and work in McDonalds?
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Post by walterpaisley on Mar 13, 2023 6:02:59 GMT
I think people had more than enough of seeing HMGov baling out banks/investors during the last mess.
Not a penny. Bad luck, folks - remember that your investment can go down as well as up..
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Post by Pacifico on Mar 13, 2023 7:50:23 GMT
SVB in the UK flogged to HSBC - a decent result all round
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Post by The Squeezed Middle on Mar 13, 2023 8:52:52 GMT
I think people had more than enough of seeing HMGov baling out banks/investors during the last mess. Not a penny. Bad luck, folks - remember that your investment can go down as well as up.. Perhaps you should tell that to the employees of all those client companies that might now not be getting paid. |
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Post by walterpaisley on Mar 13, 2023 11:37:46 GMT
Perhaps you should tell that to the employees of all those client companies that might now not be getting paid. Bottom line: Is it the business of government to bail out private businesses when things go badly? |
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Post by The Squeezed Middle on Mar 13, 2023 12:04:51 GMT
Depends. Covid and furlough spring to mind. And of course the previous banking crisis.
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Post by seniorcitizen007 on Mar 13, 2023 12:23:41 GMT
Perhaps you should tell that to the employees of all those client companies that might now not be getting paid. Bottom line: Is it the business of government to bail out private businesses when things go badly? Isn't it the case that unlike the crisis of 2008 this one was caused by actions taken by the US government in response to world events? What mistakes have been made, are still being made, by Biden's goverment? There IS a possibility that things will go "bottom up" on a world-wide scale BEFORE the conflict with Russia is resolved ... so its being said by some. |
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Post by Baron von Lotsov on Mar 13, 2023 12:29:23 GMT
Perhaps you should tell that to the employees of all those client companies that might now not be getting paid. Bottom line: Is it the business of government to bail out private businesses when things go badly? Bailing these idiots out has two effects. It is the classic case of throwing good money, i.e. money generated from sensible people running sensible business into the hands of idiots that have a track record of losing it. Capitalism functions in the opposite way and hands control of the money to those who make best use of it. The second effect is it says to people, you don't need to be careful any more, because we will save you each time you screw up. |
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Post by walterpaisley on Mar 13, 2023 12:31:16 GMT
Depends. Covid and furlough spring to mind. And of course the previous banking crisis. Good point about Furlough (which our cinema never claimed a penny of, I'm proud to say..), but 2008 was a case in point. Not only widely unpopular, but the grubby spectacle of financial institutions going on to pay bonuses forms a major part of why many people will be opposed to handouts this time around. |
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Post by Baron von Lotsov on Mar 13, 2023 12:35:06 GMT
Depends. Covid and furlough spring to mind. And of course the previous banking crisis. I was not happy about either of those. The furlough has turned the country into lazy bastards who today I hear are demanding a 35% pay increase. I think with furlough I would have just paid them the dole rate. You see doing this means that if people want more they would have to have an idea, like when locked down they could have done some work at home perhaps. It would have helped the economy recover much faster. |
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Post by Baron von Lotsov on Mar 13, 2023 12:38:02 GMT
Depends. Covid and furlough spring to mind. And of course the previous banking crisis. Good point about Furlough (which our cinema never claimed a penny of, I'm proud to say..), but 2008 was a case in point. Not only widely unpopular, but the grubby spectacle of financial institutions going on to pay bonuses forms a major part of why many people will be opposed to handouts this time around. Good cinema. It will still be standing when the rest go out of business! Once you start using crutches you lose the ability to walk on your own. |
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Post by seniorcitizen007 on Mar 13, 2023 12:51:20 GMT
"Goldman Sachs analysts on Sunday said they no longer expect the U.S. central bank to deliver a rate hike at its March 22 meeting and saw considerable uncertainty about the path beyond March in light of the recent events in the banking sector".
"Euro area bond yields tumble as SVB collapse scares investors".
Sorry Ukraine .. we've got our own problems to sort out ... good luck with your war with Russia.
Maybe?
As one commentator said: "If I'm wrong then things will be ok ... if I'm right there's gonna be a crisis." In the meantime he's moved his money before events prevent him from doing so.
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Post by walterpaisley on Mar 13, 2023 13:06:03 GMT
Good cinema. It will still be standing when the rest go out of business! Maybe, maybe not. The biggest issue for indys is currently the availability of Cinema-Only Releases. Things are opening on Netflix, Amazon and Disney+ the day they become available on the big screen. We keep our prices as low as we possibly can (£9.50 adults, £7.50 kids, over 60s, and unwaged, etc), and that includes refreshments (popcorn from a quid, and a bottle of wine for £12..), but it's still far cheaper to watch something at home (and that equation has, understandably, pretty much done for the children's film market. Once a couple of parents have paid out for two adults, two kids, and refreshments, the prospect of having a movie night in front of Disney+ looks pretty attractive). I'm pretty glad it's just a hobby, and not a living. |
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Post by Baron von Lotsov on Mar 13, 2023 14:22:59 GMT
Good cinema. It will still be standing when the rest go out of business! Maybe, maybe not. The biggest issue for indys is currently the availability of Cinema-Only Releases. Things are opening on Netflix, Amazon and Disney+ the day they become available on the big screen. We keep our prices as low as we possibly can (£9.50 adults, £7.50 kids, over 60s, and unwaged, etc), and that includes refreshments (popcorn from a quid, and a bottle of wine for £12..), but it's still far cheaper to watch something at home (and that equation has, understandably, pretty much done for the children's film market. Once a couple of parents have paid out for two adults, two kids, and refreshments, the prospect of having a movie night in front of Disney+ looks pretty attractive). I'm pretty glad it's just a hobby, and not a living. OK but the reverse way to think about that is as so many people spend their lives on their phones and computer screens they will feel a greater desire to go out, meet real people and really what you provide is a different experience. Anyway, that's how I would see it, rather than thinking it is the same experience because it is the same film.
I used to go to a particular club to listen to music where I could have done it at home, but to be frank, one of the attractions of the club was the kind of welcome we would get from those who owned it. Many clubs today have professional security who look like legalised thugs and treat the clientele as if they were some sort of paramilitary, with uniforms and all.I used to get highly intimidated by that every time I tried a London club. As clubs faded from popularity they virtually got wiped out, but this particular one i liked in Manchester lasted far longer than all the rest, and the owners themselves said we were amazed by it, in thinking we would have had to close many years earlier, but they just kept coming.
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Post by Orac on Mar 13, 2023 16:19:10 GMT
Bottom line: Is it the business of government to bail out private businesses when things go badly? Bailing these idiots out has two effects. It is the classic case of throwing good money, i.e. money generated from sensible people running sensible business into the hands of idiots that have a track record of losing it. Capitalism functions in the opposite way and hands control of the money to those who make best use of it. The second effect is it says to people, you don't need to be careful any more, because we will save you each time you screw up. It also creates zombi organisations who inhabit resources that could likely be more effectively utilised by others. Part of the capitalistic model is that incompetence is removed so others can have a go. However, we are in the rather unenviable situation of there being so much incompetence it's dangerous to allow it to fail. |
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