Post Office wants billions more

7rg76g.jpg
 
Some say they want more and that it is like begging, all we know is that it's just Another good story to tell.
 
It had been transformed successfully already from a working to non working entity. Do they want circle transformation?
 
So, use taxpayer income and give it to them.
 
A billion here and billion there who cares. Lets keep a sinking ship afloat. Buy hey there are no toilets in schools still.
 
It said that additional funding is needed to execute its turnaround strategy
Have they actually stated what their turnaround strategy is? Like, the actual plan and not some mumbo jumbo about strategizing the synergies to overcome the past legacy issues while integrating an economic reform plan that aims to boost individual shareholder value and destroy WMC.

From the article, it seems like their only plan is to use the bail out money to pay off debt, so they can take on more debt.

Treasury keeps putting these conditions in place for bailouts, but the conditions are idiotic and meaningless. "Oh, you can't take out any more loans if we give you this money! - Okay then, I'll just burn through this money and ask for more later". Treasury need to ask for an actual business plan like any other bank would expect before handing over a business loan.
 
A billion here and billion there who cares. Lets keep a sinking ship afloat. Buy hey there are no toilets in schools still.
Yeah the fukk3rs dont even ask for millions anymore. That's so yesterday. Nowadays every cadre run state entity are begging to get their greedy paws on billions.
 
Have they actually stated what their turnaround strategy is? Like, the actual plan and not some mumbo jumbo about strategizing the synergies to overcome the past legacy issues while integrating an economic reform plan that aims to boost individual shareholder value and destroy WMC.

From the article, it seems like their only plan is to use the bail out money to pay off debt, so they can take on more debt.

Treasury keeps putting these conditions in place for bailouts, but the conditions are idiotic and meaningless. "Oh, you can't take out any more loans if we give you this money! - Okay then, I'll just burn through this money and ask for more later". Treasury need to ask for an actual business plan like any other bank would expect before handing over a business loan.
I googled last time they wanted billions for a turnaround. They have had at least 7 major turnarounds since 2000.
 
Top
Sign up to the MyBroadband newsletter