Sunday, June 12, 2011

What? You mean there is risk involved in investing?

UK investors in bonds battle

Its just not cricket is it? Double digit returns since the early 90s on these bonds, but now its all over and the free market capitalists want bailing out by the tax payer. Post democracy neo-capitalism at its most extraordinary best. I don't know who what laugh loudest, Smith, or Marx.

Posted by tick tock @ 10:35 AM (1488 views)
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5 thoughts on “What? You mean there is risk involved in investing?

  • little professor says:

    Yep, the free marketeers want the government to get out of the way when they are raking it in, but when things turn south they start bleating for a government bailout at the expense of the general population.

    Investing in bonds carries a risk. The investors have collected 13.75% p.a. since 1991 – they knew their capital was potentially at risk when they invested, there’s no way the taxpayer should be picking up the tab for any haircuts they have to face on their investment.

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  • Unclefester says:

    The article does have a point – why should the little guys only get 20% when the larger investors get 40% much fairer to screw them all for 30%

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  • mark wadsworth says:

    Yup, I mentioned this a couple of days ago, John Hemming MP just happens to be such a bond holder, and he defends this by saying “a lot of other bond holders may be pensioners on fixed incomes” which is just playing The Poor Widow Bogey (traditionally used as a counter-argument to Land Value Tax).

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  • Worth a try though!

    How many voters are we talking here

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  • letthemfall says:

    But note how wealthy bond holders are being offered a better deal. No change there then.

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