// Index
And lo… the pillocks crumble…
A friend of mine on Facebook pointed me in the direction of this article by Mark Steel entitled “Quick These Bankers Need Rescuing” and I have to say I think it’s one of the best articles I’ve read in a while. (I’ve always liked Mark Steel – he’s very sharp.)
The opening paragraph sums up my current feelings on the banking crisis quite well:
The next move, presumably, will be to nationalise the country’s gambling debts. To revive confidence amongst blokes in betting offices, the Government will hand over ?Ǭ£300bn to cover the money they’ve lost. Then a leading gambler will be quoted as saying: “This package goes some way towards restoring calm. The last week has been horrendous. One of my friends lost a ton on an 8-1 shot he’d been assured was a banker by a minicab driver.”
The thing that’s currently galling me is the Prime Minister’s decision to up the guaranteed savings limit from ?Ǭ£35,000 to ?Ǭ£50,000. Which, given that the ordinary man and woman in the street was probably well covered by the previous level, means that what he’s doing is bailing out the people with lots of savings – precisely the people who have been benefiting from the dodgy banking practices they knew were shameful anyway.
So frankly I think I’m well justified in thinking “fuck ‘em”.
Posted on October 2, 2008 | Filed Under The World we Live In
Comments
Response left by Pandemonia on October 5th, 2008
Got something to say?
Yes, great article. I had to respond on my own blog after if got past the third paragraph!