Monday, March 30, 2009

IS SOMETHING GOING ON?

There seem to be a lot of these 'bank bailing out' things going on! Have I missed something? It's like the whole global economy has been driven into hell by freakin' idiots. How bad would that be?

Posted by Helen at 10:03 pm

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1 comment:

Bwca said...

It doesn't seem right to me that governments should be 'bailing out' vehicle manufacturers, as is happening, either.
If car purchasing has declined, then it's because people are trying to reduce their debt obligations and that's a good thing - isn't it?

The term 'to bail out',
and I do wish news media would refrain from slang lingo,
refers to paying a surety to release a person who has been imprisoned while awaiting trial for an offence they have been charged with doing.
Most banks in Australia commit multiple offences daily.
If people lived now, as my grandparents did, without chequebook or plastic card, the we wouldn't need bloody banks.
Australian banks, unlike UK ones, charge account-holders with a variety of stupefyingly excessive 'fines':
write a cheque for $20 when your balance is $19.99?
$50 fine
make a repayment instalment a day late?
$25 fine.
oh yeah, bail them out.

30 March, 2009 23:56

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