Why to rescue banks
This is the question that everybody is asking around. Why do we have to rescue banks with public money? Haven't they been private businesses? Therefore, if they've misused their funds or they go bankrupt, we should let them fall.
This is what everybody claims around. This is what we read on newspapers day in and day out.
Many banks lent money to people to buy houses when all was fine or so we thought. They wanted to catch on new customers. They wanted to have them hooked on never ending mortgages. Most people only wanted to have a home or to start a business. Then, the big racket arrived and people started to lose their jobs. No way to go on paying their loans and mortgages, but bank managers took off their friendly and helpful masks -Pay up or out you go from your home!
Evictions started on to the extend that fire brigades have refused to collaborate with their evicting plans.
Up till now thousands of families have been evicted from their homes with their children, the elderly and the sick. Other people opted out to take on their on lives jumping out their balconies when they spotted the police and the judge coming along to evict them.
The banks are in trouble and all what governments think of is to rescue them with public money, but public money is necessary to cover for people's needs -schooling, education, health care or whatever needs to be done within the Welfare State.
Would anyone believe this is a crisis? It certainly is not. It's a racket staged by financial markets and banks to implement their liberalism. Welfare State is costly, but they don't need it.It has to go, according to their plans. Ah, the financial markets and banks! They're the real rulers of the world and government are mere puppets in their service.
Why to rescue banks with public money? This will be a common question that we'll hear around and everywhere.
(C) Copyright. Vicky Pino. July 1st., 2013.
This is what everybody claims around. This is what we read on newspapers day in and day out.
Many banks lent money to people to buy houses when all was fine or so we thought. They wanted to catch on new customers. They wanted to have them hooked on never ending mortgages. Most people only wanted to have a home or to start a business. Then, the big racket arrived and people started to lose their jobs. No way to go on paying their loans and mortgages, but bank managers took off their friendly and helpful masks -Pay up or out you go from your home!
Evictions started on to the extend that fire brigades have refused to collaborate with their evicting plans.
Up till now thousands of families have been evicted from their homes with their children, the elderly and the sick. Other people opted out to take on their on lives jumping out their balconies when they spotted the police and the judge coming along to evict them.
The banks are in trouble and all what governments think of is to rescue them with public money, but public money is necessary to cover for people's needs -schooling, education, health care or whatever needs to be done within the Welfare State.
Would anyone believe this is a crisis? It certainly is not. It's a racket staged by financial markets and banks to implement their liberalism. Welfare State is costly, but they don't need it.It has to go, according to their plans. Ah, the financial markets and banks! They're the real rulers of the world and government are mere puppets in their service.
Why to rescue banks with public money? This will be a common question that we'll hear around and everywhere.
(C) Copyright. Vicky Pino. July 1st., 2013.
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