tag:blogger.com,1999:blog-36939759.post3680788897982744768..comments2024-01-17T07:03:57.842+00:00Comments on The Mad Ranter: A look at UK debt.FlipChttp://www.blogger.com/profile/09449939046593105926noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-36939759.post-52588927435537521602012-12-10T09:21:26.256+00:002012-12-10T09:21:26.256+00:00The joke of the banks is that they're supposed...The joke of the banks is that they're supposed to be in competition as part of a free market; yet part of that ethos is that those that fail - fail.<br /><br />If there's no true punishment for failure they can take high risks, which they did. On the other hand if the government had allowed Northern Rock to go down the others would have been scared $hitless and totally clamped down on lending, though ironically that would have resulted in the same outcome we're currently experiencing.<br /><br />As for MPs expenses what other institute would allow expenses to be claimed sans proof of payment? <br /><br />Apocryphal story - a group of MPs went to lunch and each paid for their own food then photocopied the receipt multiple times so each could claim back the full amount.FlipChttps://www.blogger.com/profile/09449939046593105926noreply@blogger.comtag:blogger.com,1999:blog-36939759.post-77791570670055817182012-12-08T23:25:29.154+00:002012-12-08T23:25:29.154+00:00At the end of the day mate, we have all been rippe...At the end of the day mate, we have all been ripped off by the powers that be. They are milking the country dry and there is nothing that we can do about it. Its been going on for years but now they have just become too greedy. Just look at the Mp's Expenses and bailing the banks out, it really is a joke, its all been created on purpose to put more people into debt. thomashttp://alderleyedgewizards.blogspot.co.uk/noreply@blogger.com