Wednesday, August 31, 2011

"Curiouser and curiouser" cried Alice as Cameron Protects the Fat Cats

So David Cameron doesn’t want jobs put at risk through banking reform; here we go again. The taxpayer donation to the banks following the credit crunch is worth £10 billion annually to them; they continue to pay bonuses many of us will never earn in a lifetime; and Cameron forgets his election promise ‘we’re in it together’; yeah, until it affects his big banking buddies.

I am pleased, thought I hate to admit it, that Vince Cable seems to be on the side of the people when he insists the banks should split their retail arm so in time of financial trouble ordinary consumers accounts can be protected from City bankers and their excesses.

One thing that puzzles me; when Cameron and his crew announced his welfare and public spending cuts, the job losses were acceptable and would be absorbed by the private sector; but with possible job cuts to tame the bankers, the possible job losses are unacceptable. “Curiouser and curiouser!” cried Alice.


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