http://www.telegraph.co.uk/finance/financialcrisis/8895337/Sir-Mervyn-King-Britain-on-the-brink-of-second-credit-crunch-Bank-of-England-Governor-warns.html
I am sorry, but the Bank of England came up with quantitive Easing to give banks money to lend.
Now they say that eventhough it was a condition to lend money to businesses, that they now cannot raise enough money! What has happened to the money they were given in order to lend to businesses.
Could it be the bonus amounts were bigger this year?
Eventhough I am a banker, I cannot support the banks. They caused the mess with greed and it still continues. The government should really force them, but as 30% of the UK govt revenue comes from the Financial industry it's unlikely.
So in future NEVER believe what the banks say or do or more to the point DO NOT DO.
Here is a thought! Why not make the Bank executives accountable for their mistakes or what they promise to do and never do. Make then Jailable!
I am sorry, but the Bank of England came up with quantitive Easing to give banks money to lend.
Now they say that eventhough it was a condition to lend money to businesses, that they now cannot raise enough money! What has happened to the money they were given in order to lend to businesses.
Could it be the bonus amounts were bigger this year?
Eventhough I am a banker, I cannot support the banks. They caused the mess with greed and it still continues. The government should really force them, but as 30% of the UK govt revenue comes from the Financial industry it's unlikely.
So in future NEVER believe what the banks say or do or more to the point DO NOT DO.
Here is a thought! Why not make the Bank executives accountable for their mistakes or what they promise to do and never do. Make then Jailable!
No comments:
Post a Comment