Thursday, March 17, 2011
TSC member thinks the general public are “morons”
Treasury select committee member David Ruffley says savers who chased high returns from the Icelandic banks are â€œmoronsâ€ who â€œshould have known betterâ€. Ruffley said: â€œIf you looked at an Icelandic bank and said â€™the savings rate is up to three times what you can get in the UKâ€™, you are a moron. â€œWere you a moron to think that there was some magic the Icelanders had come up with, a tiny economy whose banks were offering fantastic savings rates? I think you were probably a bit dim.