I agree with your sentiments but you are missing a lot of the total picture.
Yes, the banks made mega profits but as we now know these profits were based on assets with inflated values. Yes, some profits were taken out by the directors and senior management and yes, that is a cause for question. However, if you ask if a management paid bonuses based on signed and approved audited accounts at that time, which then were devalued, then that is a difficult question to answer. Also as the policy of this Government for the last 11 years has been to debase all manufacturing in lieu of a financial sector, which of course produced vast amounts of corporation tax for a spendthrift Chancellor, then there are many more questions to ask. To have allowed the banks to collapse would have led to the total collapse of the country, so regardless of what, or where you work, you would have been bankrupt. How Messrs Brown and Darling approached the problem was obviously wrong, but unfortunately now we are in, it is too late to go back and we can only hope that the bankers left have enough sense to make things work and return the money with a profit. If Brown nationalises the remaining parts of the banks, then forget ever seeing the money again. Governments have no idea how to make money, they only know how to take (ok, steal) other people's money.
Many people have blamed the Major Government for many of our problems, but the fact remains that in 1997 we had the strongest balance sheet in our history and the best private pension scheme in the world. Dull, he may have been and yes, sleaze was in there but compared to what we have now, it was heaven. And by the way I am not a Tory, but I do recognise a good thing when I see it. I certainly also recognise a bad lot when I see it and Labour are rotten to the very core.
As for the car makers, well Harriet Harpy threw a bunch of dosh at Rover to stop it going bust just because it worked in Labour constituences, so throwing money at LR/Jaguar does not really surprise me. It will not work of course. The only thing that will work is for the economy to grow again, in a sensible fashion and people start buying cars they can afford again. Unfortunately I think that by the time this lot of idiots have finished we will owe so much money to so many people that it will take 2 generations before we are maybe clear. I will be dead by then so will not see it.
The answer?? Buy a good bottle of whisky while you still can and enjoy it.
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