Mervyn King: Banks putting profits before customers

[Gerald]

Originally Posted by Sailor Steve

More "news".

Just tell me what you want delivered

[jumpy]

Mervyn was on the beeb the other day, saying he was 'surprised' that more of those ordinary people who had nothing whatsoever to do with the banking crisis, were not taking to the streets in anger...

Regulation of banks and bonuses is all well and good, you'll hear, but if we treat these poor financiers too harshly, they'll go and make money elsewhere, taking all of our money with them, sort of.

If the governor of the bank of england can't deal with the high-street banks avarice accordingly, then what hope does anyone else have?

As one of 'those ordinary people who had nothing whatsoever to do with the banking crisis' I find the majority of my time is spent jobhunting, to replace the financial stability I lost because of a screwy economy and employment market. Travelling to london to wave placards about is a bit beyond my current budget, looking at train tickets.

For me the irony is only now am I in debt - before all this mess I was treading water nicely, thankyou. Which brings me to another point. A while back some spokesperson/mp type had the nerve to say we should all have at least 6-12 months wages stashed away, in case of recession...
I get the theory, but in practise, I have never earned enough for that kind of strategy. Couple that to the ever growing cost of living here and it's a pipe dream for most and a conceit for the few to espouse.

Never mind... It's all utterly bonkers anyway.

[Torvald Von Mansee]

I'm shocked!! SHOCKED!!

[STEED]

Originally Posted by jumpy

Mervyn was on the beeb the other day, saying he was 'surprised' that more of those ordinary people who had nothing whatsoever to do with the banking crisis, were not taking to the streets in anger...

Regulation of banks and bonuses is all well and good, you'll hear, but if we treat these poor financiers too harshly, they'll go and make money elsewhere, taking all of our money with them, sort of.

If the governor of the bank of england can't deal with the high-street banks avarice accordingly, then what hope does anyone else have?

As one of 'those ordinary people who had nothing whatsoever to do with the banking crisis' I find the majority of my time is spent jobhunting, to replace the financial stability I lost because of a screwy economy and employment market. Travelling to london to wave placards about is a bit beyond my current budget, looking at train tickets.

For me the irony is only now am I in debt - before all this mess I was treading water nicely, thankyou. Which brings me to another point. A while back some spokesperson/mp type had the nerve to say we should all have at least 6-12 months wages stashed away, in case of recession...
I get the theory, but in practise, I have never earned enough for that kind of strategy. Couple that to the ever growing cost of living here and it's a pipe dream for most and a conceit for the few to espouse.

Never mind... It's all utterly bonkers anyway.

Most of the population are pros which cuts across the class system, until such time they wake up there will be no direct angry action.

I'm in the red with my bank and don't give a stuff, I've been out of work for a year now. Will I work ever again? No, because being in my 40's thats the new 50's. The government and there bank chums can go to hell they would not last 5 minutes in my shoes.

[Jimbuna]

Your beginning to sound more like Wolfy Smith

[Sailor Steve]

Originally Posted by Vendor

Just tell me what you want delivered

Sorry. That wasn't aimed directly at you. It's just that sometimes people really are shocked to find that someone (bankers in this case) are doing what they have done since time immemorial.