The banking industry has not got off "unscathed".
If you consider the above link, there will be fundamental changes to banking in this country.

Comparing your overdraft fee to the bailout is utterly facile. However, to counter, the government do actually get a fee from RBS/Lloyds, through the fact that they own preference shares paying 12% - £600,000,000 per year in interest.

The alternative, was to let RBS and HBOS go bankrupt, as happened to Lehman Brothers. Whilst in a purely capatilist, no-safety-net world, this would have been the correct thing to do, there were/are fundamental concerns that letting a number of large retail banks fail, would have created a financial crisis even worse than the one we now face.
( The Teviot Moose major 5th., Mon 14 Jun 2010, 12:15, 1 reply)

Hahahahahahaha
Yeah.

Oh well, then. Glad that no one was hurt, and that no one was responsible in the end - it was actually the taxpayer's fault all along.

This is why I want to go into arms-dealing. If anyone criticises you, you simply say "Guns don't kill people, rappers do."

FFS. All involved in the banking industry need to be put up against the wall and shot. It would make great television for a start.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Mon 14 Jun 2010, 12:24, closed)

I'm not saying no-one was hurt.
I'm not saying it was the taxpayer's fault.

How did you read that into my post?
( The Teviot Moose major 5th., Mon 14 Jun 2010, 12:28, closed)

I managed it when you wrote
"I think you are scapegoating an industry rather than understanding the complex inter-relationship between banks, bankers, bonuses, joe-public-who-wants-a-new-car ... "

It was my bloody silly fault for needing an overdraft. I do accept that. I do. And I'd like to publically apologise for the global mess I've caused.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Mon 14 Jun 2010, 12:30, closed)

"Needing" an overdraft?
It's the summation of a lot of people that "needed" a new car/house/holiday/speedboat, that led to the demand that fueled this crisis. The banks lent to more people than they should have done. The ratings agencies mis-rated alot of securitisations based on these loans, the regulator did not stop this, the government encouraged it - "BRITAIN IS BOOMING". There were alot of parties at fault.
( The Teviot Moose major 5th., Mon 14 Jun 2010, 12:38, closed)

Yes. Our boiler packed up within ten minutes of moving in.
My own fault, really - I should have saved some to prepare for such a situation.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Mon 14 Jun 2010, 12:53, closed)

Good to see you learned from your mistake.
If you cannot afford to pay for a new boiler either a) save until you can, or b) get insurance. We have insurance on our boiler - since we felt that we'd rather that, than have to pay out a lump sum in the event it blows up. That's what insurance is for
( The Teviot Moose major 5th., Mon 14 Jun 2010, 12:56, closed)

Hahahahaha

( Je suis un vagabond is an unfunny, up your own arse middle class knob, Mon 14 Jun 2010, 12:59, closed)