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The truths they don't want you to read....

Tuesday, November 14, 2006

Farepak

Whilst understanding the misery this collapse has caused those directly concerned, instead of hand-wringing and saying "Something Must Be Done", politicians would be better advised to encourage the public to save through Credit Unions, rather than through commercial (non-banking) operations.

A much more radical viewpoint was stated in one of the newsletters I subscribe to: As the agents are self-employed, are we now to believe that the self-employed are entitled to protection and refunds if their customer goes under? How many sub-contractors have lost money when a main contractor has gone under, and how few of them have ever got a refund for their losses? So why should one group be treated differently?

I consider that the claims in Parliament that this is a "national emergency", and that MP's should make a contribution to the appeal fund, to be nothing more than a pathetic piece of symbolism which doesn't address the real issues. Such as, why do we spend so much money on conspicuous consumption to celebrate the pagan festival of mid-winter?

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