Sunday, 28 September 2008


Comment Home

Credit Crunch - the way out

Many people say, 'why should we bail out the speculators, let them burn'. Attractive thought, but our whole world civilisation depends on the free flow and maintenance of money. Look at Zimbabwe if you disagree. We have to do it and the right way is the American way of wholesale guarantees; not the UK way of piecemeal and secretive last minute action. America's central money men are the world's best and they know what they're doing. We should follow, but we must keep politicians' sticky hands off any solution or risk them turning it bad. Yes, we should make the perpetrators of this crisis suffer. No bonuses and no golden parachutes for executives, and a diligent investigation into fraud and malpractice, especially bad mortgage decisions.
send comments to info@ukpopdems.org.uk