Nick Clegg Wants RBS And Lloyds To Take Huge Risks To Make Us All Rich Bastards
EXCITING times indeed, as we thrill to the news that every adult in the country will be given RBS and Lloyds shares worth hundreds of pounds. This is Nick Clegg’s “people’s banking system”.
Like you, we can’t wait to buy and sell our shares and make a fast buck. Forget scratch cards and the National Lottery – that’s money down the pan. With City Gent, you get to gamble big and when it all goes tits up ask yourself for more cash. With People’s Bank YOU are the banker AND the mark. The only thing we ask is: Hey, bankers, please take huge risks with our cash so that we can get rich. Please. Do. The. Right. Thing.
Clegg explains the rules that will make 46 million of us complicit in any banking crisis:
“Psychologically it is immensely important that the British public feel they have not just been overlooked and ignored. Their money has been used to the tune of billions and billions and billions to keep the British banking system on a life support system and they have absolutely no say at all in what happens when normality is restored.”
We have no say because the political elite all sing from the same song sheet. For instance, when you vote for, say, the LibDems, they find they like being in power and those increased ministerial paycheques and go back on their pre-election promises.
But share ownership is great (for the banks and traders making a commission on every transaction – ed). Very soon you will be buying up bits of Japanese nuclear energy and sending postcards from exotic locations to Mr Clegg, thanking him for enabling you to invest your cash in something as fail safe as banks gambling on the money markets…
Posted: 23rd, June 2011 | In: Key Posts, Money Comment | TrackBack | Permalink
