Sunday, 18 January 2009

GOOD MONEY AFTER GOOD MONEY (OURS)



This is a late addition.

Before I start, there is a sad anouncement-Tony Hart has died this morning at the age of 83, I am sure you will remember him for Hartbeat, Take Hart and of course Morph, the world has lost a great talent, and I have lost yet another piece of my childhood.




Gord is at it again, he wants to set up an insurance deal so that the Government (us) underwrites the bad investments the banks have made - Insurance aid plan for UK banks. And I quote “Under the proposals, banks would examine both corporate and private customers looking for potential defaulters” and. “Our biggest banks would identify their bad loans and foolish investments, then pay a fee to a new state-backed insurer to protect themselves from the losses over a certain level."

So, it seems that banks are no longer liable for their own cock-ups, no longer responsible for the loans they made knowing that the people and companies they lent money to probably wouldn’t be able to repay, but wanted the income from interest.

It seems that WE are; WE should pour more of our money into the institutions that put us in the crap we are in.

It seems that business is no longer to be held responsible for the mistakes it makes, but mortgage holders who cannot afford to keep up their payments are still liable for the full amount although they took out their loans on the basis of hyper-inflated house prices because of the greed of those businesses (banks).

It also seems that Gord and Ali have lost the plot, they are so tunnel-visioned that they can’t see what they are doing, they are making the banks victims of the recession not the perpetrators, and as such should be propped up with billions of taxpayers money.

It seems that the Government doesn’t give stuff about the “man in the street” the pensioners, the unemployed and the sick, it seems that money is the God of Gord and Ali.

It seems that when the next election comes around Gord and Ali won’t have to worry about it because someone else will take on the yoke.

It seems that Gord and Ali’s legacy will be “We Firked up the country and then Firked off leaving the mess to someone else”.

Wouldn’t it be natural justice if Labour wins the election and they actually have to face up to their inane policies?


"Prudent people are very happy; 'tis an exceeding fine thing, that's certain, but I was born without it, and shall retain to my day of Death the Humour of saying what I think."- Mary Wortley Montagu (The Complete Letters of Lady Mary Wortley Montagu)

Angus

4 comments:

James Higham said...

So, it seems that banks are no longer liable for their own cock-ups, no longer responsible for the loans they made knowing that the people and companies they lent money to probably wouldn’t be able to repay, but wanted the income from interest.

This government is inimical to the interests of the British people. They must go.

CherryPie said...

My bank asked me recently if I wanted to buy some shares off them!!! They very kindly said they would waive the mangement/handling fee...

angus said...

You already have, about £37 billions worth:)

CherryPie said...

LOL if they had asked me first about that, they wouldn't have ;-)