Anorak News | Tax Payers Pay Dividends To Bank Shareholders

Tax Payers Pay Dividends To Bank Shareholders

by | 30th, October 2008

AS the storm across the Pond gathers force it’s time for Anorak to propose a solution; let’s cut out the middlemen and go direct.

Banks who’ve had $163 billion of bailout from the US Treasury Department propose to use more than half of it to pay shareholders, with government permission, over the next three years.

The $163 billion was supposed to be for banks to make new loans, unfreezing the credit freeze, but the banks know suckers when they see them so they won’t be bothering with that.

At this point it seems obvious that we need a simpler plan to save the world, and I think I have it. Instead of all this to-ing and fro-ing we simply announce that henceforth banks have the right to take money directly from the populace whenever they feel like it.

It will save vast sums in administrative costs, and everyone will know exactly where they are.

Completely f*cked.


Posted: 30th, October 2008 | In: Money Comment | TrackBack | Permalink