I just wondered what faith people here had in financial insititutions and regulators. For the 'regular man' with the SMEs the SMEs putting their money and the employees money into a prescribed investment manager who then sells it on to another financial investor who has sliced and diced it with others...I thought of the Lehman collapse. Because of the lack of faith in regulators and government,people nowadays would rather invest their money in things they can touch-and-hold: houses.
For those who don't have enough capital to purchase said above,....yer on yer own!
In a government job,yer fine: pension secured. But then again,where did I read some councils have invested in such funds as like Lehmans,that their pensions have gone down the Swanee.
(And does this mean council employee folk will suffer pensions reductions? Or are their pensions government backed,or the council just raises folks local rates?)
Just trying to make sense of it all. Just have this feeling its all-alike-a-Phillip Green £1 sell-off wherein the bottom shelf get shafted no matter what.
In't past their did seem some sense of honour and justice. But today? Who do you believe?