Tuesday, December 30, 2008

The Deception Continues...

Are we ever going to be honest about things in the financial world .... ? Methinks not. I was just reading the BBC's business pages and they have replaced the word "Bailout" with "Recapitalisation" It makes it sound like this is a normal thing in financial circles ! For goodness sake... Say it as it is. Bailing out the companies that spent all their money on bad investments because they really did not have any clear idea of what they were buying into as the calculations were so complex. As it turns out the calculations were so complex that the people who made them up did not even know what they were doing coz if they did the world would not be in so much trouble financially as it is............... OR did they know what they were doing ..... ?? So that they could just go ahead and pick up their multi million bonuses....???. You know what... In alot of cases I favor the latter arguement. In the mean time the hard working small shop owner actually.... forget just shop owners.... its everyone apart from the few greedy buggers ... who are struggling and do not get any bonuses for that hard work will not receive a penny in "Recapitalisation".

There you go.... Another rant !!

Peace and Love
Stop the seige of Gaza !

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