Thursday, February 02, 2012

Ominous obrogation...

Just to highlight how sinister the EU and UK laws have become we now have Krusty the cancerous clown following suit! Laws designed in all innocence (ahem!) to counter money laundering, organized crime and terrorist financing they are so vague and open as put everyone under suspicion. In this case MUD couldn't prevent the muddying of the waters. [typos edited Friday p.m.]

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The Great Gildersleeve said...

And the real criminals will still know how to get around the laws passed and those of us who have very little have all the hassle and are being watched.

Maybe our old relatives who had a distrust of using banks were better off hiding it under the mattress.

After all you don't gain much in interest these days...

Span Ows said...

You're absolutely right Gildy, a bit like the gun laws, they only effect the law-abiding as those criminals that ant a gun can get one as easy as pie.

I think our relatives had MORE trust of banks: the Bank manager was 'the man'! It is only the last two decades where things have exploded the wrong way...and it isn't really "bankers" as such although all financial institutions fed the mania: off on a tangent:(in 1995 the notional value of the derivatives market wasn't even 20% of global GDP, by 2002 it was higher than global GDP (by 2006 it was double and by 2008 it was five times total world GDP!! clear that mattress space!

The Great Gildersleeve said...

Good points well made Span...I remember the days where you saw the Bank Manager at your local branch.

Decades ago I think I applied for a bank loan for a really small amount by today's standards(Possibly £100 or £200)which I got but I had to get the ok from the Manager after an interview.

Right or wrong bankers were respected as teachers, politicians, lawyers and Dr's.

Today, I am not sure any professions are held in such high regard, individuals may be but professions as a whole.

In some ways I want to say its a bad thing that the respect has gone but in another way why should some professions get blanket respect. Surely it has to be earned.

Span Ows said...

Interesting comment Gildy and so true: of that list you gave, I think only doctors maintain the respect generally.