We all know how we got in this credit mess and you would think the banks would be, at least slightly, embarrassed about the whole thing and try to avoid annoying their customers by ripping them off. You would think! NatWest, in their ultimate wisdom, now take the interest on overdrafts two week earlier each [...]
GORDON Brown last night dismissed calls to surrender his £123,000 a year pension when he is forced to stop being prime minister next June. Mr Brown was defiant in the face of City outrage despite the UK government’s annual operating loss of £100bn, rising to £1.5 trillion when the write-down of its banking assets is [...]
I wish I had paid more attention in my Economic lessons because then I might have some understanding on what this ‘credit crunch’ thing is all about. In a nutshell I believe the problem was that Banks around the world (mainly in the US) lent money to people who had no way of paying it [...]
I hear that banks controlled by the public which do not lend the public money to the public will have to pay a fine using public money. Ministers, in their ultimate wisdom, believe the only way to get the credit system moving again is to give billions of pounds to the banking sector and then [...]
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 [...]
