Im a little confused to say the least here with regards the banking collapse.
Where did all the money go?
Why did the banks need a bailout in the first place?
If banks can not by law lend out savers money or invest it ect why did the RBS and HALIFAX almost go bust?
The reports were that these banks didnt have enough money to pay back savers and that the government (taxpayer) had to guarentee all monies.
So if they cant lend savers money out, where did it go, and if they didnt lend it all out where is it?
I may be wide of the mark here but,
We let the banks look after our money and they have lost it, so we give it to them again as taxpayers, so we have saved twice but only got our original savings.
We as a country had a £54 billion national debt 12 years ago and now its around £1.4 trillion. How?
I know i probably sound a bit dumb here but where did all the money go.
Is it a case of "well we still have your savings, we need taxpayers money because we lost our own money so we now need yours"
If they have spent and lost savers money then when do the court cases start?
The government tells the royal mint to produce extra cash and give it to the bank of england who then lend it to us with interest and we the taxpayer are footing the entire bill.
And we the taxpayer have absolutly no say in this what so ever?
Its almost like a loan or credit card application.
Wheres the full disclosure / equal consideration / lawful terms and conditions and mutual intent.
H.V.