Like most consumers, I have no idea what these large banks do. But what piques my interest is how a government whose original value proposition was to spread the wealth and be empathic to the working man can extract billions from the tax payer to bail out the banks and then allow this to happen without offering a refund. Yes, the banks can repay the debt to the government (one assumes they will be repaying the government – and therefore us, the public?), but what is worrying is that the banks are not lending to small businesses. And it is small businesses (in particular those engaged in the industries of the future) who will create employment. And employment helps the working man and reduces the need for government hand outs. Seems to me that leftist thought is significantly more elitist and greedy than the capitalist model they pretend to hate.
Can someone enlighten me, as I don’t really understand what the hell is going on. Cheers!
Fight bank club: I have no idea at all. You?