Pocket Money Bridging Loan

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Spoiled kids who blow their ‘allowance’ on pre-shredded jeans and nauseating ringtones, go to their foolish parents with pathetically fake faces and get another ill-deserved sympathy hand-out. Teaching them nothing.
That now applies to the relationship between major financial institutions and the government, it seems. Having lent vast sums of money, that simply weren’t there, to vast numbers of borrowers, who were only too happy to oblige, lenders have now gone to the government with their bottom lips out and their heads cocked to one side.
The result? The government has patted them on the head, said “There, there, little Timmy” and given them a £50billion bridging loan!
So what do the rest of us get as a reward for NOT hemorrhaging cash like there’s no tomorrow? Oh, another rise in the cost of living. Thanks dad, I’m sure it’ll make me a better person.

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April 29, 2008 at 8:48 am | Bridging Finance | 1 comment

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One Response to “Pocket Money Bridging Loan”

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October 24, 2009 at 7:05 am

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