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GwynfrynWilliams

Listed below are comments made by GwynfrynWilliams between Monday, 21st April 2008 and Tuesday, 22nd April 2008.

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Banks' big bailout 05:58am on 22 Apr 2008 The way the government and the Bank of England is bailing out the banks, points to a more serious situation in the world financial system. The banks and the financial sector has never being interested in the government bailing out those who get in trouble with their mortgage or their business, as far as the financial sector is concerned, those in trouble have themselves to blame and should bear the responsibility. The trouble with the world finaciale system stems from governments washing their hands of regulating the financial system, at the request of the finacial institutions, who believe only they know how to run the world ecconemy, and all restrainst should be removed. It’s time governments went did what they are elected for, and take care of their people. If the US government hasn’t the guts to take on Wall street and it’s banks, the future is going to be bleak.
Mervyn bends - and how! 04:12am on 21 Apr 2008 The banks and the whole of the financale sector have had it there own way for more the twenty years, and have not shown any care of the victims of the disasters they have caused. They have taken their commission knowing that when it goes wrong for their customer, they suffer no penalty and move on to the next victim. Think back to the hundreds of thousands of families who have lost their homes due to defaulting on their mortage. It took the catastrophy in John Major’s time to give any relif to the struggling mortagees, and that was only to save the mortage lenders, a bitter pill for the conservative of Britain. Those in the Banking and Finacial severces were strident critics of any form of handout to those in need, and succeeded in having their taxes lowered so they didn’t have to contribute their fair share for the running of the UK. All I can say to the Banks and the Finacale sector is “Welcome to Social Welfare”. And to the British people, beware things are worse than they are letting on. On a final note, it is not just the US and the UK that are suffering; in Australia over a decade of taxpayer funded speculation which has caused a similar catastophy of rising house prices, that to pay off a mortage now requires both partners to work, and the renting of a house is so high that the only growth in Australia is the homeless sleeping on the streets, and cars.

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GwynfrynWilliams