Posts

Showing posts from August, 2012

A Very Special Birthday...

Thanks to the lovely folk at "Broken of Britain" and a severe inability to sleep due to money worries, I have discovered that it has been exactly five years since the beginning of the Credit Crunch. And where are we?

Pay freezes which have lasted 4 years (and are essentially pay cuts when you account for inflation), spiralling debts (and that's just the government), increases in electricity, gas, transport, car insurance, car tax, food, water rates, Council Tax. And that is only the half of it. Here, The Guardian details where the 25 most influential people of the financial crisis are today. From politicians who ignored the problem, to speculators and bank bosses who caused the problem, to CEOs of mortgage firms who loaned to Ninjas (that's No Income No Job ApplicantS). And where are they? A few notable mentions are "Hank" Greenberg of AIG who is now advising the Ultra Wealthy on how to invest. Fred "the Shred" who is leading a quiet and comfortab…