I was going to make some long winded post about the whole financial crisis but there are just so many things that are just beyond me. So, please find following a few thoughts and pictures so I can get a few things off my chest.
- As much as I hate Gordon Brown could you imagine David Cameron in charge at the moment?
- Why have the government demanded Banks keep loans to homebuyers at 2007 levels? Wasn’t that the reason we are in this problem?
- This bail-out thing – when and how do we get our money back?
- Who the hell would put their life savings in an Icelandic bank for the sake of an extra .25% interest rate?
- How does Gordon Brown think he can stabilise house prices when they are still over-priced by 10-20%?
- Let me get this straight – the Government has given the banks MY money so they can lend it back to me with interest? (fact is stranger than fiction).
- If you are wondering where the money has gone, look no further than BP with profits of £1200 a second. So we privatised BP and nationalised the shitty banks. Thank God for politicians who obviously have brains the size of planets.
- If the Government want to pass on interest rate cuts to the public why are banks (some of which have had OUR money used to rescue them) still charging up to 30% interest on approved overdrafts and horrendous amounts on credit cards.
‘I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.’
Thomas Jefferson 1802
Lehman Brothers employees staging a protest
Sympathy for Wall Street
The new dollar bill
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Who the hell would put their life savings in an Icelandic bank for the sake of an extra .25% interest rate?
It had nothing to do with interest rates – FYI Guernsey and Isle of Man savers were banking in their local high street banks! Expat Brits are not alllowed under the Money Laundering standards as defined by the guidelines of the Joint Money Laundering Steering Committee & FSA and interpreted by the banks themselves, to open a UK onshore bank account, so where else are we to put our UK life-savings and pensions??
While Darling. Brown and Cable trumpet about ‘tax havens’ it is this Government’s regulatory bodies who prevent us from banking onshore. Of course, right now it is a very useful slander to justify the fact that these savers have been totally abandoned by Britain, in the public eye. Under the tax witholding provisions depositors living in UK or EU are taxed at source at 20% on the interest and, after a deduction by the relevant island this is transferred to the nation of residence: details of all savers are also passed to their respective government bodies. In the case of UK any adjustment to tax liability is then made via the end of year tax return. Those of us living elsewhere in the world are taxed on revenues from these savings, ie: global income, if we live in a direct taxation economy.
I do hope that clears this up.
Ema.
Hi Ema,
Thanks for clearing that up, but perhaps what I should have said was ‘who the hell, who lives in the UK, puts ALL their life savings in ONE Icelandic internet bank, and why would all these councils jump on board with millions of our money?’
I am a Tory, but Cameron and Osborne sorting this out – I don’t think so!
Hi,
http://www.moosealmighty.co.uk – da best. Keep it going!
Thanks
Zoran