Large Scale Central

Here is what the banks are doing with the bailout money

General Discussion
#21
TonyWalsham said:
RJ. The next question to ask is: Why are we all in a recession? Once we admit the truth to oursselves, then perhaps something constructive to solve the problem will percolate to the surface.

At the moment Free Enterprise Capitalism as we have experienced since the Second World War, looks to me to be the Privatisation of Profits and the Socialisation of losses.
Trying to bail out the system by throwing money at the very people who caused the problem looks to me to be just another con trick by the ruling classes. Those with money that have a vested interest in maintaining the status quo, and to do so by any means, fair or foul.
A pox on their houses the lying scum bags.


Tony,

Is it getting cold down your way? I find myself agreeing with you! :lol:

#22
Steve Featherkile said:
SNIP Tony,

Is it getting cold down your way? I find myself agreeing with you! :lol:


I will soon put a stop to such nonsense.

We are told that the real problem now is the banks won’t lend to anyone.

Real simple, easy to implement solution, to that stumbling block.

The Governments should threaten to start their own banks just like we used to have here until the thieving scum politicians sold them off to Private Enterprise.
There are already thousands of Government owned properties that could easily be set up as branches of a National bank.
The Post Offices.
Use sensible policies to run them, lend at sensible rates to sensible borrowers, and then just watch the private banks jump back into line.
Or go broke, which is what should have happened, but didn’t