How come the £ has gone so low against the $ when it was the American banks who started the "Credit Crunch", which turned into the "Economic Downturn", which has now, or is apparently about to be, a full-blown "Recession", with their "Toxic Loans"? This seems so unfair! My Mericky friends, please don't take this personally, I'd have to go a long way to find a better bunch of cats and beans outside of the Cat Blogosphere, other, of course, than also all the wonderful cat-loving nationalities in there that I'm honoured to count as friends. Um, does this make sense? Probably not; I just hope you know what I mean.
Well, the British banks also jumped on the bandwagon and lent far too much... blah, blah, blah... We all know the mistakes the banks in many countries of the world have made. Only last year (and in many previous years) I was aghast at how much profit my bank, for just one, declared! I wondered, "Why is some of this money not being channelled into better benefits for their savers?" So where have all these billions of profits gone? Where??? Why, then, did the bank who had bought my bank out (as an apparently thriving concern) need to be bailed out to the tune of millions by the British Government? A bank whom, I must say, is "owned" by a country in the British Isles who wants to be independent...
Just wondering...
Luvya! ('cepting you banks!)
xxx
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