So there has been another banking crisis...Ooh I'm sorry CON going on in the UK? How I have missed this one I do not know but by golly is it bad!
This is something to do with taking out loans by small businesses and forced upon them was this idea of 'interest rate swapping' which straight away I would of smelled something rotten. At this point my eyes glazed over as my brain realised it would not work from the description so did not want to be bored with the fuzzy and unimportant details. It failed and it seems thousands of small businesses, maybe tens of thousands, have suffered and/or give out of business while the banks have seized more and more land and premises?! At this rate and before long these evil corporations will own half the country! Maybe more?!
A poor victim of this new banking con on the Panorama programme was Mary Pinkley owned a pub and lived above it. After having this swap deal forced upon her when applying for a loan she eventually lost the pub she owned and her staff all lost their jobs! Worse still is she lived above the pub to she lost her home too! So you will realize now that as well as the small businesses collapsing being down to the banks but so is the rising kids of jobs too! Except oddly the jobless rate is supposed to be dropping?! Hmm maybe there had been an increase in vacancies for security guards to protect land and premises now owned by the banks they cannot sell as everyone is bankrupt, skinny, out of work or struggling to pay what they have?! Lmao!
These swaps were forced upon small businesses trading out loans. As this was listed on Panorama as Britain's NEW BANKING SCANDAL it would explain how the banks were able to pay the loans bank to the government so quickly, which I could not get my head around at all. Strangely enough I could not understand how this was not explained in the News media either or even asked questions of. They all have enough business experts after all.
This scandal...no con has affected many thousands of small businesses across all industries. Shocking and shaming and had the potential to completely ruin this country based upon crazy schemes by greedy and power hungry people with no intelligence whatsoever. Added to this they have spent years employing people who were ambitious and greedy, like them then, along with being amoral. Incompetence is also bonus too as they actually believe in the crap they are selling.
Also interesting is that Panorama looked at the REGULATOR, the FCA, on this who have done fuck all like I have reported dozens of times and actually set up agreements that they will not divulge! Hardly surprising to me of course but at least the latest victims into the banks latest con can take solace in the fact this had been covered on Panorama. A quantum of solace anyway? LMAO!
The fact this has been going on currently and this far into the global crisis with bio end in sight just shows how ineffective the current system now is along with his narrow sighted, cut off, incompetent and immoral the people are that are running the country! This applies to the government too!! LMAO!
Laugh as I do the reality is somewhat scary and I am afraid to say that the direction we are heading in is actually moving much faster then I originally thought?! It is nothing short of shocking, disgusting, immoral, evil and a whole bunch of other words and expletives that have not been created yet to describe these Fecking morons!
The sad reality is that if society collapses then there piles of bits of paper with pictures of the Queen on it will be rendered worthless! So why are they risking the complete collapse off the British Society and infrastructure to continue to relentlessly rip off customers?! These are the questions that should be asked!
Ooh of course if Britain's system ultimately fails then I guess that the money is still worth something in foreign countries?! Unless of course this collapse becomes infectious? We we ate supposed to be the banking capital, or one of them, in the world?!
You cannot make money selling items to the public of a country you have all made BANKRUPT!!
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