Elaine Murray thinks HBOS is to blame for Farepak being unable to run a profitable business, and that HBOS should be boycotted as a result. Does she think HBOS are a charity?
She is quoted in the BBC article:
"These are hard-working, prudent people, who prefer to save rather than take out a loan or use a credit card, who do not know how to explain to the children than Santa won't be coming this year."
Well, why didn't they invest the money - maybe even a wee savings account? I'd ask why we elect fuckwits like Elaine Murray, but when her constituents can't even use a bank account, are we really surprised?
1 comment:
We are talking about paying in advance for a Christmas hamper.
I am a bit confused why anyone would buy now and receive later. This is the only implementation of this purchase model I can think of...
(I have to admit to agreeing with you on the vast quantities of debt in society in general though...) But still, I fail to see why anyone would do this when they could put the money into a bank account and earn interest on it then buy a hamper if they wanted when they have saved enough money...
Maybe I was just brought up to save up for things?
If these people had used a bank, hell, even if they had used a biscuit tin in their kitchen for this, they would not be in this mess...
Don't get me wrong, I think the management of Farepak should have their asses handed to them over this, but come on - had the "investors" invested in more sensible ways...
I think that had this been a big company with a bunch of regular shareholders who had just lost out, we'd not be having this discussion because it would be barely newsworthy, and shrugged off - mostly because the socialists out there would say "oh well, that's capitalism for you and serves the pig-dogs right".
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