Quote:
Originally Posted by halfpint
Us tax payers bailed most of the banks out when the shit hit the fan a year later they are still paying millions of GBP to the top bankers as bonuses the very people who stuffed things up in the first place.
Cuting public sector workers and services has a big impact on the private sector too, so the governments so called cuts and savings hits us all. Then the politicians vote for relaxing thier own expenses so they can basically claim more when only a while ago they were being caught for abusing it. Its like they are squeezing all the workers pockets every way they damm can to fill thier own.
|
We didn't bail "most" of the banks out at all. The government part-nationalised two of the banks. Of the others, Barclays sought capital elsewhere and shunned government support, and HSBC didn't need any. What a lot of people fail to realise is that when the time is right the government will sell its shares in those banks and make a profit on them, but not while the idiots in the media want to blame the banks for everything.
The trouble with a lot of people is that they seem to think money grows on trees, and the way to get us out of our debt is to borrow even more money. Osbourne is the one walking a tightrope right now, what we really need to get the country moving is tax cuts but he can't afford them.