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Saturday, 5 December 2009

Greed has lead us here

Is it any wonder this country is in the state it is?

The National Audit Office reported today that the cost of the banking bail out could reach £850bn.
That saddles every family in the UK with £40k worth of debt. But despite this, the banks prepare to hand out huge bonuses to bankers.

Surely they should have to at least attempt to repay some of the money that we, the tax payer, have lent to them?
This is what they would expect from us!
Imagine the banks position if I decided not to pay my mortgage for the next couple of months but to use that money to take myself off on holiday. I'm sure my bank would start proceedings to repossess my home. But when the shoe's on the other foot, we, the British public are expected to go along with it.

The current government doesn’t seem too hurried or bothered to do anything about it either. Then again, that's not too surprising given the earlier expenses scandal, all thieves together.

Given that my family, like everyone else’s, potentially owes £40k because of the banks mismanagement and single minded greed, can we get a Forty Grand reduction on our mortgages?
Not bloody likely ;-)

Maybe it's time to "foreclose" on our loan to them? After all, we the British tax payers do own a VERY large chunk of most high street banks, and if the British tax payer owns so much of the banks, will we be getting a dividend for our investment?

I'm guessing not !

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