Prudent savers being punished - reply from governor boe office

HUMBUG

despair wrote: »

Carney like all the rest of the MPC are the rich international elite
They sit in an ivory tower on mega bucks incomes and have never ever known what it was like to spend a childhood in abject poverty
to work hard 20 hours a day
to struggle and scrimp and save

Instead they dine on caviar and champagne and are blind deaf and dumb to the effects of their crazy decisions on ordinary people young or old alike
The MPC have got it all wrong but they refuse to loose face and damage their huge egos and admit they are wrong

i suggest you read J B Hearn word press on what they reported to TSC
that is the truth of the situation

Am in total agreement with you Despair. Don't let these banker groupies on these threads shout you down. Greedy bankers should be carted off to the nearest jails and the keys thrown away.

xylophone

Perhaps it passed you by but your comments were being gently lampooned

Why should the OP be lampooned at all, gently or otherwise?

He has a legitimate point of view.

eskbanker

HUMBUG wrote: »

Did you have to list the whole scene! Did you think by doing that would belittle 'Despair' even more? Typical banker.

No, it was because the previous poster had quoted the punchline, so I was contextualising this by relaying how that was reached.

eskbanker

xylophone wrote: »

Why should the OP be lampooned at all, gently or otherwise?

He has a legitimate point of view.

Legitimate points of view tend to be quite well concealed when they're wrapped up in swathes of sub-Daily Mail emotive hysteria, but you're right, there isn't really any need for anyone to lampoon posts that are already largely self-parodying anyway....

le_loup

You're right. I now feel ashamed that, when someone writes:

Carney like all the rest of the MPC are the rich international elite
They sit in an ivory tower on mega bucks incomes and have never ever known what it was like to spend a childhood in abject poverty
to work hard 20 hours a day to struggle and scrimp and save

Instead they dine on caviar and champagne and are blind deaf and dumb to the effects of their crazy decisions on ordinary people young or old alike


that I should treat their word as satire.

In future I should, and will treat their words as if the writer had a valid point to make and agree reverently with every word they utter.

ThinkingOutLoud_2

So the thing I don't get is why the people with the cited £100k in savings refuse to consider or mimic how so many people and institutions and pension funds and others rich and poor adapt their strategy for income when faced with low interest rates.

If you are in a hole - you cannot dig your way upwards. You have to do something different.

There is no hope for any species that is unable to adapt.

jdw2000

Why the sympathy for old people, many of whom are property millionaires?

(Not all of them, granted. But that generation is sitting on serious cash which they could be liquidising).

xylophone

could be liquidising).

In the blender?:)

They probably feel that the savings are being beaten to pulp....

cloud_dog

HUMBUG wrote: »

This is an even bigger load of trollocks!!!! So how does she know all the best top interest rates ? Does she scan through all the financial sections in the local newspapers or pay a subscription to a finance magazine every month? Do you believe that the majority of 85+ year olds do that? And what happens if that old person is handicapped , blind or deaf or both? Will the nice little bankers assist them and say 'Mrs Smith, we really think you should consider switching your money to another bank with a better rate. We will assist you all we can' ? Or will they just 'take them to the cleaners'? Have a general guess!!!!
No matter what you or other bankers (and independent financial advisors 'pushers') on these threads regurgitate to defend greedy institutions (who basically gambled our money away) , they will never be forgiven. They are serial stealers of our money with no scruples, and even scarier, no guilt conscience.

Well, I'm sure if you throw a big enough of a blanket you will cover a scenario which may have merit. But, I'm really not sure you can reasonably place the blame for someone being blind, deaf, handicapped and being unable to find out the information on their own on the shoulders of bankers?

If you were being unreasonable, however, you could easily throw that out there.

I am talking about reality, not just throwing out hypotheticals.

But to bring it back on point... Before online accounts, and devious bankers, how did a handicapped person with for example cerebral palsy find out what were the best interest rates?

HUMBUG

WOW! Here we go again on BBC website today:

Libor: Bank of England implicated in secret recording

So on top of the £100m Lloyds fraud last week, now more evidence of foul play keeps surfacing but this time within the BOE . What a surprise!!!