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	<title>OutofRange.net &#187; Finance</title>
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	<description>The mistakes of each generation will just fade like a radio station if you drive out of range - Ani DiFranco</description>
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		<title>Why Do They Still Trust Standard &amp; Poor’s Ratings</title>
		<link>http://www.outofrange.net/2010/04/29/why-do-they-still-trust-standard-poor%e2%80%99s/</link>
		<comments>http://www.outofrange.net/2010/04/29/why-do-they-still-trust-standard-poor%e2%80%99s/#comments</comments>
		<pubDate>Thu, 29 Apr 2010 10:33:43 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11745</guid>
		<description><![CDATA[Standard &#038; Poor’s (S&#038;P) rates borrowers on a scale from AAA to D – anything less than BBB is referred to as junk – the trouble is why on earth does anyone trusts their ratings –they gave triple A ratings to residential mortgage securities backed by sub-prime loans which precipitated the current banking crisis. So [...]]]></description>
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		<title>Keep Housing for the Rich</title>
		<link>http://www.outofrange.net/2010/03/18/keep-housing-for-the-rich/</link>
		<comments>http://www.outofrange.net/2010/03/18/keep-housing-for-the-rich/#comments</comments>
		<pubDate>Thu, 18 Mar 2010 12:52:22 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11486</guid>
		<description><![CDATA[The City&#8217;s top regulator has called for curbs on 100% mortgages and a return to mortgage rationing to prevent another boom and bust in the housing market. Lord Turner, in a wide-ranging critique of financial markets, some of whose activity he has previously described as &#8220;socially useless&#8221;, said policymakers needed tough new tools to prevent [...]]]></description>
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		<title>RBS Loses £3.6bn</title>
		<link>http://www.outofrange.net/2010/02/25/rbs-loses-3-6bn/</link>
		<comments>http://www.outofrange.net/2010/02/25/rbs-loses-3-6bn/#comments</comments>
		<pubDate>Thu, 25 Feb 2010 14:23:08 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11413</guid>
		<description><![CDATA[Royal Bank of Scotland (RBS) has announced losses for 2009 of £3.6bn ($5.5bn), after struggling with billions of pounds of bad loans. Despite the losses, the bank is set to announce it will pay bonuses totalling £1.3bn to its staff. BBC. It’s nice to see RBS can lose £3.6bn and still pay its poor bankers [...]]]></description>
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		<title>Bankers Greed Knows No Bounds</title>
		<link>http://www.outofrange.net/2010/02/24/bankers-greed-knows-no-bounds/</link>
		<comments>http://www.outofrange.net/2010/02/24/bankers-greed-knows-no-bounds/#comments</comments>
		<pubDate>Wed, 24 Feb 2010 11:08:22 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11401</guid>
		<description><![CDATA[Lloyds has been accused of &#8220;determined vandalism&#8221; after the banking group announced that it will sever its links with a charitable foundation that refused to accept a new funding deal. The bank has told the Lloyds TSB Foundation for Scotland that it will terminate its legally binding covenant with the charity more than 25 years [...]]]></description>
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		<title>Good News! UK Tax Exiles Have to Pay Tax</title>
		<link>http://www.outofrange.net/2010/02/17/good-news-uk-tax-exiles-have-to-pay-tax/</link>
		<comments>http://www.outofrange.net/2010/02/17/good-news-uk-tax-exiles-have-to-pay-tax/#comments</comments>
		<pubDate>Wed, 17 Feb 2010 13:54:15 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11340</guid>
		<description><![CDATA[Thousand of rich UK citizens living abroad as tax exiles may find they have to pay UK taxes after all. The Court of Appeal has upheld the right of HM Revenue &#038; Customs to tax a businessman, Robert Gaines-Cooper, who has lived in the Seychelles since 1976. The judges said that he had never been [...]]]></description>
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		<title>New Boiler?</title>
		<link>http://www.outofrange.net/2010/01/24/new-boiler/</link>
		<comments>http://www.outofrange.net/2010/01/24/new-boiler/#comments</comments>
		<pubDate>Sun, 24 Jan 2010 20:18:50 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11201</guid>
		<description><![CDATA[The governments offering us £400 towards a new boiler but the question is should we? Homeowners considering signing up to the government&#8217;s £400 boiler scrappage grant have been warned it could prove &#8220;financial madness&#8221; by Britain&#8217;s best-known plumber, who also says many modern condensing boilers simply aren&#8217;t up to the job. Charlie Mullins, managing director [...]]]></description>
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		<title>The Supreme Court Legalises Usury</title>
		<link>http://www.outofrange.net/2009/12/22/the-supreme-court-legalises-usury/</link>
		<comments>http://www.outofrange.net/2009/12/22/the-supreme-court-legalises-usury/#comments</comments>
		<pubDate>Tue, 22 Dec 2009 09:15:16 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11098</guid>
		<description><![CDATA[The Office of Fair Trading (OFT) has decided not to take any further court action over the fairness of bank overdraft charges. Last month the Supreme Court ruled that the OFT could not use a part of the unfair consumer contract regulations to decide if bank charges were unfair. However, the OFT said it still [...]]]></description>
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		<title>Rich Still Not Paying Enough</title>
		<link>http://www.outofrange.net/2009/12/10/rich-still-not-paying-enough/</link>
		<comments>http://www.outofrange.net/2009/12/10/rich-still-not-paying-enough/#comments</comments>
		<pubDate>Thu, 10 Dec 2009 10:25:51 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11067</guid>
		<description><![CDATA[Darling soaks the rich and the rest of us too is the headline in The Guardian. Soak the rich – don’t make me laugh, take National Insurance for instance Everybody earning more than £20,000 would be affected by a half a percentage point increase in NI from April 2011.The rise will cost a worker on [...]]]></description>
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		<title>What Jobs Worth £20Million?</title>
		<link>http://www.outofrange.net/2009/12/08/what-jobs-worth-20million/</link>
		<comments>http://www.outofrange.net/2009/12/08/what-jobs-worth-20million/#comments</comments>
		<pubDate>Tue, 08 Dec 2009 15:39:11 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11060</guid>
		<description><![CDATA[In The Guardian Jill Treanor writes Barclays&#8217; Bob Diamond defends bonuses &#8211; but then again he would in 2007 he aren’t a £20million bonus. The Question is what did he do to earn £20 million? Risk any of his own money, put up his house as collateral – no just gamble with other peoples money [...]]]></description>
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		<title>Resign – And Good Riddance</title>
		<link>http://www.outofrange.net/2009/12/03/resign-%e2%80%93-and-good-riddance/</link>
		<comments>http://www.outofrange.net/2009/12/03/resign-%e2%80%93-and-good-riddance/#comments</comments>
		<pubDate>Thu, 03 Dec 2009 10:25:59 +0000</pubDate>
		<dc:creator>simon</dc:creator>
				<category><![CDATA[Finance]]></category>

		<guid isPermaLink="false">http://www.outofrange.net/?p=11045</guid>
		<description><![CDATA[The directors of Royal Bank of Scotland are threatening to resign if the government stops them paying bonuses of £1.5bn to staff in its investment arm. BBC. Resign I’ll do your jobs badly without a bonus – in fact I’m sure I’ll make a better job of it – I’d have to go some to [...]]]></description>
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