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!