Personal debt to banks: £1.4tn. Taxpayer-funded bailout to banks: £1.6tn. Connection?

Posted: November 22, 2013 by rainbowwarriorlizzie in Uncategorized

Pride's Purge

(not satire – it’s the UK today!)

According to a new report, personal debt in the UK is now £1.4 trillion – most of it owed by poorer people to banks.

But according to the National Audit Office, taxpayers have paid out £1.6 trillion to the banks in bailouts.

Which means even if the banks wrote off all personal debts, they’d still owe us around £200 billion.

Now remind me. Who exactly is paying for all those massive bankers’ bonuses again?

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Why are Merrill Lynch bankers not being prosecuted for working their young intern…

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