Another short post after just reading about money in general and how important it is to our society.
Also how the top money people are seemingly bulletproof against any outside organisation.
If you average man in the street ends up owing more than he can afford to pay , whether though outside forces or his own mismanagement - banks can take his house, goods whatever and he can even lose his job , which is his way of generating money.
A recent court case jailed a guy for insider trading , can't say I have a problem with that.
Yet with the banks through own , greed and mismanagement (selling mortgages to people who couldnt pay back the loans etc), effectively go bankrupt they are bailed out governments , as the financial system cant be jeopardised.
Then they have the gall to to award themselves bonusses and in the case of RBS / Halifax spend YOUR money on those atrocious adverts.
I don't know what I would have done , but if we own the banks cant we do something about it?
"Wealth is more desireable than poverty, if only for financial reasons"
- Woody Allen