Bankers, Ireland and Recession

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A fuss has arisen concerning the Irish financial collapse. The EU is of course supplying money to help them out, with the UK paying a certain amount of that. The Euro itself also adds to the amount given to help the Irish and on top of it all George Osbourne has decided to offer a loan of seven billion pounds to ease their worries. We can do this he claims because of the savings we have made since the coalition stole power a few months ago. The savings? About seven billion funnily enough!  This has brought a lot of fuss. People complain that this is our money given to a foreign country and we need it here (Charity begins at home they say), and a resentment has arisen over this deal.  The Irish banks are in trouble and once again the cry is "It is their fault, let them suffer!" A cry most of us sympathise with of course. A cry made worse when we note how the bankers still give themselves million pound bonuses.

The fact is Ireland, the southern bit, not only shares a border with part of the UK, and much finance crosses over there daily, but our banks have loaned their banks millions also! The Sir Fred Goodwin's who retire on pensions of £760,000 a year (cut by himself to a mere £370,000 after the outcry) loaned vast sums everywhere and now it is all collapsing around our ears. The bankers have become targets and this is exaggerated by their refusal to loan money to individuals and small businesses thereby causing mayhem throughout the land. Houses are lost, businesses collapse and people are thrown on the scrapheap as a result. No wonder the banks are criticised and considered worse than robbers! However it does appear to be in our interests to keep the Irish afloat. Not only are they a major trading partner, if we play our cards right they might help us out by taking Celtic football club off our hands! Here's hoping about that one!

However a thought wanders around inside my twisted little mind. From my position here in the soup kitcchen I look at those sleeping in their cardboard boxes, muttering rude words about the bankers, and wonder a little. You see while the banks did indeed handle the economy badly we also are at fault! Who was it that believed we had a right to a bigger house? Who was daft enough to take on a mortgage costing more than we earned to pay for a house bigger than we required and filled with goods we did not need? Us! The public! We along with the banks, and our listening to those who tell us what our life ought to be, are just as guilty! We wished for a lifestyle we could not afford, and now we have gone bust! The banks did not tell you to grasp what was offered, but common sense, much opposed these days, did say don't borrow what you cannot repay (says me!).

The grasping banks, who charge huge amounts when the overdraft goes over, are indeed heartless money grabbers who care nothing for individuals who fail. Was it not the one time chairman of the Bank of Scotland who was noted for saying, "Don't listen to the sound of a different drum, just take the cash?" I bet he retired on a good pension!  We can rightly blame politicians and bankers but a bit of honesty is required here. The public believed they could spend, spend, spend, and did not consider that the job might fail, sickness would arrive and life would become difficult, and then when their world crashes down they cannot blame the banks and the recession situation alone but must accept some responsibility also.

Georges seven billion may or may not help the Irish sort themselves out, it might not even be enough to pay off my Visa card to be honest, but when I wander into the job centre, in rags, and get depressed at the lack of an opening for a creature like me I cannot blame the folk in the office, (apart from arrogant Graham who sits there in his suit being important and begging for a slap in the cakehole), I cannot even blame the banks, I must take my share of blame by not having a trade to fall back on, apart from criticising and moaning of course and being more adept at grasping the opportunities that have appeared and quickly vanished. Let the public winge about the banks and the politicians, we all agree with that, but let them show a bit more honesty while they do so.      

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