Monday, January 5, 2009
Savers screwed while the Govt. falls over itself to help the reckless and stupid
THE MOST numerous victims of the economic crisis are not, and will not be, the unemployed, or those who lose their homes. They are savers. The first people to suffer are not reckless borrowers, or greedy bankers, who are mostly being protected, at public expense, from the full consequences of their follies. They are those who committed the stupid mistake of acting responsibly. ... Savers' treatment by the state has always been inexcusable. Now it is starting to look dangerous.