Greed, greed, and more greed…


What else can you say about the present economic turmoil (I really mean disaster) in the world. Fund managers wanting to get a bit of the actions in areas which they did not understand, and building societies and banks loaning money to people whom they do not know. Then we have the hedge-fund managers, and the buy-up  of HBOS by LLoyds at a bargain price….so who suffers….home-owners trying to buy, home-owners trying to sell, pension owners who are scared to seek a valuation, people who will not see a local bank office, as many will be closed off.

BUT HAVE WE SEEN THE INCOMPETENT MORTGAGE AND BANK DIRECTORS HANDING-OVER SOME OF THEIR LARGE SALARIES TO HELP THOSE WHO STAND TO LOSE THEIRS?

YOU BET YOU HAVEN’T!

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5 thoughts on “Greed, greed, and more greed…

  1. I agree that there is no other word for it.
    I also feel sorry for the much lower paid ordinary folks who work for the banks who face redundancy, or if they stay the anger of the public.

  2. it’s not even funny anymore…my friend worked at lehman bros…until earlier this week. she had a ton invested in their stock…and now…

    i’m taking my money out of the bank and hiding it in my pinball machine.

  3. Flighty…the other thing is that they may also have invested their savings in their own bank where they work, so they get a double-whammy!
    CWG……a perfect example of what Flighty said.Good idea about the pinball machine!

    Somewhat ironic that our son is just finalising his Halifax mortgage (hoping to finalise next Thursday, and move on the Saturday) and the Bank of Scotland is our business bank. Hope it all holds together.

    But the powers-that-be will simply tell us that ‘Lessons have been learned’, ‘Procedures have been set in place so that this, or that, problem cannot arise again’, but never ‘Heads will roll’, or ‘I shall fall on my sword’.

  4. Lisa….I’m not surprised your politicians don’t want to run into supporting these bail-out plans because they also realise what you said…it’s always the poor innocent tax-payer who pays. My son has just bought a house and sees the ‘value’ drop dramatically as it sits there. Also the flat which he still owns and hopes to let out, does not look as if it will fulfill the financial promise he wanted. as people are not moving about so much so don’t need to rent.

    What a mess it all is, especially when you think of all the personal tragedies the likes of you and me.

    I think I’ll just take out all my money and put it under the mattress!

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