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Financial Meltdown


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They failed to regulate the banking industry, i.e they laxed the lending rules to support gordons miracle economy. The banking system needs to be tightly regulated, inflation needs to be controlled or else we end up like Zimbabwe. we managed it for years before brown messed it up.

 

Labour created this mess, so I guess labour voters were the real culprits, I hope they are happy with the outcome.

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Sound Financial Advice

 

 

 

If you had purchased £1000 of Northern Rock shares one year ago it would now be worth 50p; with HBOS, earlier this week your £1000 would have been worth £1.50. £1000 invested in IceSave would now be worth less than 0.001p; but if you bought £1000 worth of Red Stripe Lager one year ago, drank it all, then took the empty cans to scrap dealer, you would get £214.

 

http://www.wisebread.com/files/fruganomics/wisebread_imce/canscanscans.jpg

 

So based on the above statistics the best current investment advice is to drink heavily and re-cycle

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we are very unpleased to say the least about the banks. they take our money yet they think they can just carry on as before. they fail to pass on intrest rate cut. and they are planning to give themselves 17 billion as a bonus.

can you imagine awarding any bonus to someone who has messed up so badly. if they want our money NO BONUS.

northern rock highest repo rate in the country. they should be stopped from taking peoples homes unless there is nothing that can be done. switch them to either council/housing assosiation rather than evict them.

 

with the risk of high unemployment increasing its time the goverment started paying intrest on morgages before the 18 week wait. can you imagine telling the morgage company that they are going to have to wait for 4 months. i dont think they will be best pleased.

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