My OperaSmug moment in the midst of the chaos
Wednesday, October 1, 2008 12:41:38 PM
Well the current situation with the banks etc isn't good for anyone so feeling smug isn't something I'd do a lot of, but I am pleased that the erstwhile building societies have had their comeuppance. According to Robert Peston on the BBC, all the ones which de-mutualised have now either been taken over or gone bust and been nationalised.
While inertia and a mortgage kept my cash in the Halifax, I always thought the only thing "gained" by the change to being a bank was that they had free range to do daft things with our money and it turns out that they did just that.
Let's hope that the current mess ends up with banks etc being a tad less cavalier with other people's money and that sanity comes back into fashion.
While inertia and a mortgage kept my cash in the Halifax, I always thought the only thing "gained" by the change to being a bank was that they had free range to do daft things with our money and it turns out that they did just that.
Let's hope that the current mess ends up with banks etc being a tad less cavalier with other people's money and that sanity comes back into fashion.
