Tuesday, 21 April 2015

Lloyds Bank shares and me : where's our reward for rescuing the Black Horse.

Along with all the other taxpayers who baled out Lloyds Bank, I have, by allowing my taxes to be put into Lloyds, enabled the said institution to cover its debts to the extent that it was able to continue trading.

A woman I was talking to yesterday (April 21st, 2015) told me that the Tory Party is generously proposing, now Lloyds is up and trading, that as a United Kingdom citizen I will be able to buy shares in the bank if I have £250 or more.    But I don't have £250 to spare because I spent it on donating my taxes to rescue the Black Horse Leviathan. The latter, I am assured by those who claim to know,  is an institution managed by a few people with massive financial brains who will leave the country if they are not paid an annual salary and bonuses amounting to several times more than I will ever earn in my entire life.  I say to them. "Leave our shores and go to those places where there is a clamour for failed bankers."

My fellow citizens and I -  while suffering the deprivation foisted upon us by government imposed austerity -  still found some hard earned dosh to rescue Lloyds and so is it unreasonable to suggest that we as owners of Lloyds be given rather than sold these shares ?

Alas, this is not how the world's predominant economic system works for it is predicated upon the idea that the rich always get richer and the poor, poorer.

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