Merv's bail out - Welfare for Banks

Hide subcomments

• • ianrthorpe
  • 2008-04-27 @ 17:54:24

  But capitalism has always been about redistribution of wealth from the poor to the rich.

  • Reply to comment
  • Permalink
  • Show this thread
  • • semafu
    • 2008-04-27 @ 21:33:13

    not my kind of capitalism.
    
    as i've mentioned before i don't even support the normal activity of lending banks, which i hold to be a form of economic parasitism.
    
    But this proping up of failure goes well beyond that.
    
    When it's working out for them, it's "Free markets for free men".
    
    When they are loosing, it's "help us, or you'll suffer too".
    
    I'd let them hit the wall at full speed (i'd bail out the savers, but thats it) .... once the banking industry has been weeded out, perhaps someone else (Virgin, Tesco?) might like to try their hand at running a bank.
    
    Thats my kind of capitalism.

    • Reply to comment
    • Permalink
• • PPI Claims (Visitor)
  • http://debts.org/unfair_bank_charges
  • 2009-04-01 @ 15:18:34

  Get some of your money back from banks. You can claim for unfair credit card charges, mis-sold PPI polices, and unfair mortgage exit fees.
  
  http://www.debts.org/unfair_bank_charges/reclaim_ppi/

  • Reply to comment
  • Permalink

• Bernard Madoff's ponzi scheme
  by semafu on 2008-12-12 – 15:29:12
• When a government gambles the house.
  by semafu on 2008-10-13 – 13:30:59
• Remember Nick Lesson
  by semafu on 2008-10-08 – 18:27:02
• Bail out.
  by semafu on 2008-09-25 – 22:07:31
• owe the bank
  by semafu on 2008-09-23 – 09:59:54
• credit crunch - who's fault
  by semafu on 2008-09-14 – 11:08:32
• US government saves fanny
  by semafu on 2008-09-08 – 11:57:15
• Inflation 5% tops says Merv
  by semafu on 2008-08-13 – 14:35:34
• Merv - Everything Irie
  by semafu on 2008-05-01 – 10:41:32
• Northern Rock 24% down
  by semafu on 2007-09-14 – 12:58:10