Wednesday, December 10, 2008


A friends wifes boss recently made these comments on how the banking system works. It's insightful:


BANKS controlled by the public which do not lend the public
money will have to pay a fine using public money.

`Seriously, I am this close to just fucking losing it!'
Ministers believe the only way to get the credit system moving
again is to give billions of pounds to the banking sector and
then threaten to take it back from them, bit by bit, in
multi-million pound fines.

Chancellor Alistair Darling said: "We will use the money raised
from the fines to recapitalise those banks that have been forced
to pay very heavy fines.

"The banks must then use that money for lending and if they
don't they will be fined.
"We will then use the money raised from those fines to
recapitalise the banks that have been fined and if they don't
lend that money they will be fined. Again."

Mr Darling said those fines would then be used to recapitalise
the banks that had been fined before he was interrupted by a
senior Treasury official.

The chancellor was then wheeled into the corner of the room
where a heavy woollen blanket was draped over his head.

Meanwhile, Tom Logan, an overdraft holder from Peterborough,
said: "By all means please do stop me if I'm being a total and
utter fuckwit, but if we control the banks and we know what the
banks are supposed to do, why can't we just tell them to do it?"

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