When banks stop lending and the poor say no more


Well, as expected my bank wrote back in response to my email with a big fat fuck-off. I have to wait until the end of the court case to determine whether their charges are reasonable or not before I get a penny of my disability benefits back from them.

I really can’t express any surprise whatsoever at their remaining absolutely true to form. But their greed and predation upon those who can least afford to be having their accounts raided on a regular basis only makes me look forward in some respects to the prospect of a second Great Depression. Yes, I know we will all hurt, and that the poorest among us today will suffer the most. What’s new about that? The poor get a rough deal now, always have. But they will soon be joined by some of those who most deserve—indeed the only ones who do deserve—to find themselves struggling: the people responsible for the credit crunch and its attendant shockwaves.

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Thursday, April 10th, 2008

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