Daily Headline – 05/04/13

HBOS bank execs ran company to collapse

A report entitled ‘An Accident Waiting to Happen’ HBOS (Halifax & Bank of Scotland) bosses have been found to be incompetent and guilty of colossal mismanagement that led to the near collapse of the company that was rescued by Lloyds in 2008/2009.

The report went on to say that even had there not been a global economic crisis the company would have still collapsed such was the ineptitude of the three executives running the company.

HBOS is/was the largest lender of UK mortgages.

The government expects the working class to be responsible but what about the ruling elite?! Where is their punishment and condemnation? Jeopardising people’s savings and homes with absolutely no regard to them at all. Disgraceful.

For more details click here.

Daily Headline – 20/03/13

Cyprus rejects EU bailout

Cypriot MPs all vote to reject the EU bailout, the terms had been amended to to save the poor, there would be no levy on savings under €20,000 but still it was rejected.

If you are Cypriot and have under €20,000 of savings in the bank then surely you would have been happy at the deal, the poor wont have to pay for the crises and the wealthier will.

However Cypriots are up in arms! One could assume that the vast majority have more than €20,000 of savings, is Cyprus one of the richest countries in the world?

Admittedly this is coming from the same people who voted not to unite their island while those in the illegally occupied north voted yes!

Maybe the Cypriots would be happy if the 0% line was raised to €50,000 or do they think someone else should help keep their country afloat, can they not accept responsibility for their own decisions?

With the mafia, dodgy Russian money, Greece, Turkey and the EU it’s about time the Cypriots woke up, grew up and took control of their lives, the reality is capitalism doesn’t work, stop keeping it on life support!