Monday, 30 March 2009

DUNFERMLINE BUILDING SOCIETY

Don't Panic - It's only YOUR money !!



There's a bloke I know. His car is bigger and better than mine, his suits are handmade and expensive, he flies first-class to exotic and exclusive locations where he stays in the best (Five Star) hotels, his house has an expensive security system (a house like that needs it), his children are groomed in public schools and his Pension is enormous.

How did he accumulate this wealth ?
By gambling with YOUR money !
AND YOU LOST !!!

He is (of course) a BANKER. It's a SIMPLE SCAM. Bankers take enormous risks by gambling with the bank's (depositor's) funds. If they win, lose or break even then they award themselves HUGE BONUSES.

If they CONSISTENTLY LOSE MONEY then the poor dears are given EVEN MORE CASH and and walk away to think up ANOTHER SCAM (or retained as "consultants" for a modest wedge of notes).

WHY DO WE ALLOW THIS ??
ARE WE JUST PLAIN STUPID ??

And now another one "bites-the-dust". This time it's not a Bank, it's the Dunfermline Building Society. (Scotland must be SO proud).



So what's the difference ? Well it's basically this.... A Bank is a commercial organisation which is there to make money for it's shareholders or owners by dealing in financial products.... A Building Society, on the other hand, is a "Mutual" organisation, owned by its depositors, established specifically to prudently lend the depositors money to homebuyers on a "not-for-profit" basis. Low-Risk, Reasonable returns.

That was before the boys in the sharp suits moved in, bought more than £240,000,000 of "packaged loans" on the US market and headed for the "profitable" commercial market.



But don't worry, it's ONLY cost us (the taxpayers) a total of £1,600,000,000 (about £25 for EVERY MAN, WOMAN & CHILD in the UK) to pass the parcel to the Nationwide Building Society.

FEELING CONFIDENT THAT EVERYTHING IS NOW UNDER CONTROL ??

READ ON

This is what Building Society Members Org has to say about NATIONWIDE

"Brian Davis the ex-chief executive took £1,170,000 when he departed. In 2003 the finance director made off with an extra £889,000 bringing his total for the year to £1,435,000 plus a nice fat pension. "It Pays to Decide to Leave Nationwide" - and they say it is a mutual not a bank. How does that compare with Nationwide savings rates?"

FAMILIAR ?

Remember the rules ?

THEY make the money

YOU pick up the bills !

The Govermnent has decided that the £1,600,000,000 does not count as "Taxpayers Money" because all British Banks will be contributing.

????????

Presumably using the Taxpayers money that THEY received !!!!

AFTER DEDUCTIONS FOR BONUSES & PENSIONS... OF COURSE !!

ENOUGH IS ENOUGH !!

This Has to Stop - NOW !!

Go Here to find out more


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