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Tuesday, 5 January 2010

Seems somehow appropriate

News that there are "fears that it (the Labour party) could emerge from the campaign bankrupt" seems somewhat appropriate as they have all but bankrupted the UK during their 12 years of misrule.

Something struck me in the above Times report
"... others who chose not to convert loans into donations, including Rod Aldridge, the former head of Capita, and Richard Caring, the owner of The Ivy restaurant, are still owed money. "
I thought that in order for these sums to be categorised as loans they had to be for a defined period and at a commercial rate of interest; am I wrong?
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2 comments:

  1. Anonymous6 January 2010 at 12:53

    I'm not sure about the rate of interest, (I suspect that it would have to be at least the rate of inflation to prevent it gradually becoming a gift), but it would need to be for a defined period.

    However, there is nothing to prevent various renegotiations of the repayment timescale.

    ReplyDelete
  2. opsimath6 January 2010 at 13:32

    Why do you think they are so keen to introduce 'shariah-style' banking?

    It's not just the Islamists so-called faith that is so highly prized by ZaNuLiebour, but also the money that might flow their way.

    Then, of course, one day, the 'religion of peace' will start to put up its own candidates and ZNL with be left with only its client state of slackers, ne'er-do-wells and neets.

    ReplyDelete

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