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Old 09-02-2009, 13:30   #2
Margaret Pilkington
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Re: Barclays 6.1 Billion profit

Personally, I am pleased that they didn't go cap in hand for a lifeline.
I wish all the other banks had been left to sort out their mess themselves.
Barclays obviously have sounder financial skills than some of the other banks and I suppose that is why they are making a profit.

It does grieve me that over the recent months, due to cuts in interest rates, savers(who outnumber those who have mortgages and loans with banks by something like 7 to 1) have been penalised. I have some money saved and I am getting very little interest.
I might as well have it in a hole in the ground for what it is making.

Where do banks get money to lend to the folk who want to buy houses?
Why, from savers of course.......what induces savers to save....good rates of interest.

Alistair Darlings strategies have so far failed to produce any real movement of money.....and have reduced the savers ability to get a fair deal.
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