Saturday, Jun 19, 2010
Rating scam
Greg Pytel: Prime Minister, sort out this mess, please
The UK looks as it is the subject of on-going rating scam. Its purpose is to force the government to hand, again, hundreds of billions of pounds to the banks (saved with public spending cuts). "Desperate times call for well-thought through measures."
Posted by ant @ 09:25 AM (632 views) Add Comment
4 Comments
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1. miken said...
Nice article. It is time to protect those savers (and the taxpayer) who do not want to be connected with risky investments. Let's hope the government does something soon to stop the prospect of another bailout. Ultimately if you invest in something very risky and that investment fails then you should lose that money. It should never be up to the taxpayer to bail it out.
2. clockslinger said...
Simply part two of Tory plan...having persuaded the Sun readers we can't afford services or safety nets for the poor, there is an urgent need to stimulate "enterprise" (via more essential funding for our mates in the city).
3. Charlie Brooker said...
Guys,
Just who is Greg Pytel?
His name pops up here regularly but I've never seem him quoted elsewhere.
Is he just an opinionated so and so, a good amateur economist blogger, a financial insider, a media writer or a professor or what?
CB.
4. ant said...
@Charlie, do not worry who is Greg Pytel. He is definitely not the Prince of Wales. Basically if you understand his stuff judge it on the merits. If you do not, do not waste your time reading it.