Quote:
Originally Posted by Mancie
It's obvious that you did not invest money/savings in Northern Rock bank...but you seem desperate to wreck the lives of people who do have thier money involved... is this a new Tory strategy?.. no.. i'ts the same old "the strong will survive" tactics..shame on you and your like!
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Savings are protected(up to £35K so 'ordinary' people are unliekly to have more than that in one instituition) so you never had any worries there, those who chose to invest did so knowing full well "The value of shares can go down as well as up", it was as much a gamble as putting it on a nags head. particularly interesting was the clamour when it was in trouble, I will admit I considered investing when they dropped like a stone as I thought as many did that they would weather the storm, luckily for me I was too lazy to do anything about it!
If anything the weak are getting unfair protection over this, why should my taxes be propping up what was a private company? why should NR get better support than the other companies who go bust each year through poor business decisions which is what it came down to.