blood banks organization
Once again £50 billion of taxpayers money is being used to bail out the blood sucking banks.. why?
They got themselves into this mess with their dodgy dealings and back handed practices. If everyone in the city wasn’t so obsessed with getting multi million pound bonuses year on year, their greed would not have lead to this crisis.
This so called crunch is the result of unregulated greed and dodgy dealings, which had a blind eye turned to it by an incompetent Chancellor (now Prime Minister, god help us). The bank have made countless billions in profit over the past 10 years, I’m sure they could weather one poor financial year, but the greedy pigs are squealing already.
Any other organisation would just have to lump the fact that they are just going to have a bad year.
Gordon Brown should have been regulating banking procedures as Chancellor so the buck no stops firmly at Number 10.
I quite agree with you. It is the same if not worse in the US where there is even less regulation and in Canada where the banks did not engage in sub-prime lending, some incurred big losses in money market ‘investments’ – i.e. gambling , on American [in]securities and CIBC was embroiled in the Enron scandal.
The current economic mess is due solely to the greed and rapacity of the financial free-marketeers and governments shoud let these racketeers go the wall instead of bailing them out. It is the only way to restore responsibility to financial markets. All chartered and insured banks should be subject to stricter regulation by legislation, after all, their very existence is a licence to make money anyway without the absurdity of taxpayers having to bail them out.
PARACHINAR HAIDRY BLOOD BANK & WELFARE SOCIETY, INTRO. 3