[Taggy]

I think its a total waste of Money to have saved these bankers hides in the way that its been done. Would have been much better to have used funds to set up a National "Peoples" Bank perhaps via the Post Office network. The Government should have Guaranteed Individuals and Companys money in the existing banks but let the Banks themselves go under if need be. Might be very painfull in the short term, but who's to say that some of them still wont fold and others have to be become totally Government owned by the time this recession eventually clears. It looks as though interest rates are coming down yet again tomorrow, but why bother, because the banks dont trust one another, (Not that anyone trusts banks anymore mind you!!), they are not going to pass this cut on and reduce lending to Buisnesses or to people who want a Mortagage. Might as well raise the interest Rates back up, give Savers who have been carefull, a decent return on their funds, and encourage people to invest in the UK again! At least then the main culprits responsible would be made to suffer for their Greed and total incompetance!


Best Regards - Taggy