October 22nd, 2008

Complex Sums

Posted in Other Stuff by 200

I don’t really understand all this business about the ‘credit crunch’. Funnily enough, I studied A-level economics. I have forgotten most of what I learned, unfortunately, this was before the exam over 30 years ago, which was a little worrying.

It does seem strange to me that the government has to give billions of taxpayer’s cash to institutions who have made a pretty healthy cash profit from charging me £30 every time a transaction goes through my account when I’ve overdrawn, & paying all that cash to a few individuals in the ‘city’, who earn more money than I’ll be paid in a lifetime, in one year’s bonuses.

What I really don’t understand is, if the government can’t find £30million to fund last year’s back-pay, how can they find 150squillion to give to banks?

It’s probably no wonder I failed my economics.

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