Sunday, September 16, 2007

Runs on a British Bank

The lines outside the British bank look like photos from the 1929 depression. People want their money from Northern Rock Bank, a victim to the American housing bubble burst although probably stupidity for not realising that you can’t give adjustable rate mortgages to people who can barely pay at the lowest rate without a consequence or two played a part.

When one man in line was asked if his government’s reassurance helped him feel better, he said no, it made him worry further. We (both Brits and Americans) are reaping the lack of regulation and the results of government lies. If US consumers (for we are no longer citizens) suffer, perhaps they are at fault for not educating and informing themselves of the dangers, but the fact that the US is causing innocent people to suffer in other countries is only one more reason that once again I feel fear and shame when I see an American flag.

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