Main image
15th October
2008
written by Dave Mills

Maybe the government’s plan of bailing out big banks is a financially sound thing to do. Everyone tells us that these were crucial steps that needed to be taken to save our economy. One still has to wonder however why more hasn’t been done in other areas like employment.

The people who have money and influence are so interested in keeping their house of financial “cards” standing that they forgot the basics, keeping everyone motoring around like busy little bee’s earning their keep. Redundancies in England are rife at the moment and what do redundancies equal? No sorry the answer isn’t prizes, redundancies equal mortgage defaults.

Aren’t we, the public, now rather large investors in banks? If defaults are going to damage our investments don’t we have a vested interest in making sure that doesn’t happen?

Leave a Reply