Posts Tagged ‘bank’
Posted by michael on November 12, 2011
Of course Cameron has to try to stop these abusive banks preying on their customers for the benefit of the bank bosses!!
But it isn’t easy to do.
I had to laugh at the idea of milliband painting himself as ‘the champion of the 99% who don’t get bonuses’!!! This whole greed of massive bonuses and massive salaries and pensions originated from the Blair/Brown governments.
Just look at the Trade Union officials and their pay and bonuses – hardly representing the working class! In fact the working class has been just that under Labour who have acted as most Socialist governments in the world have done – the rich (themselves) get richer and the poor get poorer!
Milliband can say whatever he wants – I see him as a caretaker Labour leader. When the next election is approaching then I expect him to be dumped and be replaced.
Posted in banks, Blogroll, Trade Unions, UK Economy | Tagged: abuse, bank, banker, bonus, cameron | Leave a Comment »
Posted by michael on May 4, 2010
The end for Brown is nigh once his own supporters are saying things about Brown such as ‘he is the worst Prime Minister the UK has had’.
I can see where these people are coming from!
New Labour, that is Gordon Brown and Tony Blair, came into power taking or themselves what is called ‘the Golden Inheritance’ of the previous Conservative government.
Whatever Labour supporters say about their view on the Conservative party, the ‘Golden Inheritance’ is fact!!
So what has Gordon Brown , and one cannot exclude Tony Blair in this criticism, done with such an inheritance and such a strong economy over the last 14 years?
The answer is clear and very damning to the reputations of both Brown and Blair as well bringing the Labour party into disrepute.
The answer is that they turned a booming economy and a Golden Inheritance into the biggest debt that the UK has ever had (possibly even including the war years).
Our debt levels are so high that the UK risks the same financial treatment as Greece! Every person in the UK is now going to have to pay for years to come increased taxes and higher prices.
When one looks at the state of the economy when Brown came into power, and the complete mess that he has made of the UK economy, then it is a no brainer that he really is the worst prime minister the UK has ever had.
He hasn’t had to deal with any real crisis except the ones he caused, such as the banking crisis and the credit crunch. His answer to any problems is to simply spend more of our money.
Brown wanted to pay MPs more money without raising their salaries, so he changed the rules for MPs expenses allowing MPs to claim for so much more and, the critical point, having all these extra expenses approved by the officials running the system.
Claiming that our soldiers had ‘all the equipment’ they needed when the snatch land rover was clearly vulnerable to roadside bombs was either not understanding what was going on or the wrong attitude towards the safety of our soldiers!
Think back to all the failures of computer systems implemented by this government. They might have worked eventually but almost all of them failed when first introduced.
What was good economic management in taxing people’s pensions as Brown personally introduced? Reducing pensions reduces quality of life for retired people. It also means many people will have to work for longer. What was the point of doing this? We do not have enough jobs for everyone as it is!!
The NHS receives so much money that it really has no reason not to be an excellent service! But what about the care of the elderly and the long-term sick? Do these aspects of the NHS work well? I suggest not. Just read how the elderly and those with dementia etc are treated.
I suggest that Brown really does deserve the title of ‘worst prime minister’ in modern times.
Posted in benefits, Blogroll, credit crunch, debt, Euopean Union, labour, military, mp expenses, national health service, nhs, recession, tax, UK Economy, Uncategorized, war | Tagged: afghanistan, bank, bankers, benefit, benefits, borrowing, conservative, credit crunch, david cameron, economy, election, gordon brown, government, iraq war, nhs, repossession, UK Economy | 1 Comment »
Posted by michael on November 25, 2009
This court case was never addressing the main issue.
It is not the principle of having penalties for going overdrawn, it is the AMOUNT of penalty that these greedy and grasping banks are taking.
The very concept of a FIXED penalty is the problem. These penalties are set up to penalise the poorest and weakest in our society.
This incompetent Labour government did a huge amount of damage by closing post offices and forcing many people to have benefits, pensions etc paid into bank accounts. They did not understand the consequences of this action, all they could see were cost saving!
People on low incomes should NOT be forced to have a bank account. They are the least able to manage bank accounts and the ones who suffer the most when things go wrong.
Many elderly, sick and low paid workers only have £50 a week available to pay ALL their bills. The moment they get charged £30 plus, their accounts go out of control and they end up owing the banks hundreds of pounds.
Penalty charges MUST be PROPORTIONAL to income.
We cannot have a situation where the money paid to the poorest people in our society and which they need to live on is taken by the banks to increase their profits and add to the bonuses paid to the senior staff!!
Our prime minister did not bother listening to those who forecast exactly what would happen if the government persisted in forcing people to open bank accounts. Gordon Brown made the wrong decision, as usual, and the poorest people in the UK are the ones who are hit the hardest!
Posted in benefits, Blogroll, Conservatives, council tax, credit crunch, energy bills, financial, labour, recession, UK Economy, Uncategorized | Tagged: bank, bankers, brown, government, greedy, labour, new labour, UK Economy | Leave a Comment »
Posted by michael on July 8, 2009
Alistair Darling announced Labour’s plans for a new council to oversee the ativities of the Treasury, the FSA and the Bank of England. But he has kept the current system of regulation.
In the House of Commons, Darling said that financial institutions needed to be better managed. But he and Brown were the the people responsible for managing the financial services to prevent anything like the Credit Crunch from happening!!!!
Why was this announced when Brown was out of the country at the G8 meeting? He was actually the man in charge throughout the, first as chancellor and then as PM. Surely he should have been the person to announce the government’s plans to control the financial institutions? Or doesn’t he like owning up to getting things wrong!
Darling added, “We need a change of culture in the banks and their boardrooms, with pay practices that are focused on long-term stability, and not on short-term profit”. Does he mean that in the last 10 years there has been no long-term stability and that the focus was on short-term profit?
Shadow chancellor George Osborne said the Conservatives would abolish the current system and give supervision powers to the Bank of England.
I liked the response of the Liberal Democrat Treasury spokesman Vince Cable. He said ‘This is not so much a White Paper as a blank paper’.
Posted in Blogroll, Conservatives, credit crunch, debt, economy, financial, labour, Lib Dems, recession, UK Economy, Uncategorized | Tagged: abuse, bank, banker, bankers, borrowing, brown, conservative, credit crunch, david cameron, economy, gordon brown, government, labour, recession, UK Economy | Leave a Comment »
Posted by michael on May 12, 2009
In an analysis of the causes for the ‘credit crunch’ economic crisis, the Institute of Economic Affairs (IEA) has stated that the problems were not caused by market failures.
The study,Verdict on the Crash, claims that the government failed to manage the regulatory process of the financial and economic systems.
In other words, the ‘credit crunch’ and the state of the UK with it’s massive debts are the fault of the New labour government and Gordon Brown.
Posted in benefits, Blogroll, Conservatives, credit crunch, debt, economy, financial, labour, Lib Dems, recession, UK Economy, Uncategorized | Tagged: abuse, bank, banker, bankers, brown, conservative, credit crunch, debt, economy, gordon brown, government, recession, repossession, UK Economy | 1 Comment »
Posted by michael on May 9, 2009
When ‘Fred the Shred’ got his company pension when the bank he managed almost collapsed from huge debts, Gordon Brown promised that ‘he would not keep his pension’.
Not only has Sir Fred Goodwin still got his pension, but the bank is still promising huge bonuses to certain staff (according to the Mail – may 9th).
Now the government, acting as our agent, holds 70% of the shares. Yet they seem totally incapable of managing to do what they said that they wanted to do!
Is this just another example of the incompetence of this government?
Posted in Blogroll, Conservatives, credit crunch, economy, Europe, financial, recession, tax, UK Economy | Tagged: abuse, bank, banker, bankers, brown, credit crunch, debt, economy, gordon brown, government, greedy, labour, recession | Leave a Comment »
Posted by michael on May 2, 2009
The Treasury committee, in its second report on the banking crisis, has said that it had been caused largely by the banks’ own reckless behaviour.
They also warned that it would effect people ‘for generations‘!
Mr. McFall said “Bankers have made an astonishing mess of the financial system”. The culture within parts of British banking has increasingly been one of risk-taking, leading to the meltdown that we have witnessed”.
The MPs said they favoured greater regulation to protect bank depositors.
Why have they said this? Surely if the government had actually fulfilled their duty in ensuring that the current regulations were followed, then this banking crisis would probably not have happened.
I understand that the Spanish banks were not allowed to get involved in the orgy of profiteering from the substandard loans that other banks were making money from. As a result thay have been able to benefit from buying the profitable bits of failed banks.
This ‘get rich’ feeding orgy by the banks was allowed to happen in the UK because because the UK government, with Brown as chancellor and then prime minister, failed in their duty to regulate the financial system in a proper manner.
Posted in Blogroll, Conservatives, credit crunch, debt, economy, Euopean Union, financial, labour, Lib Dems, recession, tax, UK Economy, Uncategorized | Tagged: bank, banker, bankers, banking, banks, brown, credit crunch, debt, economy, government, recession, repossession, UK Economy | 1 Comment »
Posted by michael on March 31, 2009
I think that I may have spotted a pattern here.
Gordon Brown takes over the ‘golden inheritance’ from the last Conservative government. Everything goes well until he spends all the money but by that time he is PM so it is not really his fault!
Also during that period Brown had no clue at all that many of the financial institutions were busy destroying themselves for the benefit of the directors and that this would cause the UK could go into recession. But when he finds out he rushes around the place thinking of policies that could help and implementing some of them!
Also during that period Brown had no clue at all that many of the MPs were abusing the expenses system. But when he found out he immediately orders an inquiry to find out the best way to pay the MPS for being MPs.
It is beginning to look like Brown is only capable of reacting to situations once they appear in the newspapers!
But I don’t know why he has not reacted to the energy companies not reducing the price of the energy that they supply despite the wholesale costs dropping significantly! Maybe it is because it does not effect him directly!
Posted in Blogroll, Conservatives, credit crunch, debt, economy, financial, labour, UK Economy | Tagged: bank, banker, bankers, banks, borrowing, brown, conservative, credit crunch, debt, economy, government, greedy, recession, repossession, UK Economy | 1 Comment »
Posted by michael on March 25, 2009
Wow!! Things are really getting serious now!
Gordon Brown goes off the the good old USA and talks about a global cash stimulus to get the world out of recession.
At the same time the Bank of England Governor comes out into the public domain and warns Brown that borrowing more money would be a disaster for the UK.
The response of New Labour?? Blame the Conservatives for not having any policies for getting us out of recession!
I can fully understand that the Conservatives need to announce viable policies to save the UK from bankruptcy; not so that they can implement them but so that New Labour will have some idea of what to do next!
So according to the Governor of the Bank of England, Gordon Brown needs some new ideas to save the UK. Unless of course Brown is prepared to saddle the UK with huge debt levels for a generation.
Posted in Blogroll, Conservatives, credit crunch, debt, economy, financial, labour, Lib Dems, recession, tax, UK Economy | Tagged: abuse, bank, banker, bankers, borrowing, brown, conservative, credit crunch, debt, economy, government, greedy, labour, recession, repossession, UK Economy | Leave a Comment »
Posted by michael on March 8, 2009
The banks are currently making commercial decisions on who can be loaned money.
It is not the amount of money that the banks have that is currently dictating their lending but the credit worthiness of their customers, both private and commercial. People who are are not seen by the banks as a risk can get money from the banks.
So is Lloyds now expected to lend money to people they consider to be more of a risk?
If so, who pays when and if these people default?
Posted in Blogroll, Conservatives, credit crunch, debt, economy, labour, Lib Dems, recession, UK Economy | Tagged: abuse, bank, banker, bankers, banking, banks, borrowing, brown, conservative, credit crunch, debt, economy, labour, recession, repossession, UK Economy | Leave a Comment »
