Monday, 27 July 2009
Can We Have Our Money Back Please
Mr Darling said that the Government did not bail out banks out of "some kind of charitable act".
No you panicked with our money, our childrens as yet unearned money, and our unborn grandchildren's money.
You threw billions at the banks, you printed money in a Mugabesque fashion to pay your bloated State.
You threw money at a virtual monopoly of Banking, you ruined one profitable bank by 'suggesting' that it merged with a bankrupt one.
At no stage did you consider letting these banks fail, put in administrators and break the monopoly up into regional banks, that would lend to industry, that makes things and provide services that people want, that pay taxes to pay the State.
No you just cut the middle man out, the wealth producers, to ensure funding of the State.
Its no use asking them nicely what they are going to do to increase lending, unfortunately we are now the major shareholders in these misbegotten banks. Exercise shareholders power, and sack the Directors and break them up now.