Sunday, November 25, 2007

Northern Rock Vs Fairpack

What is the difference between Northern Rock & Fairpack. Northern rock has thousands of middle class savers so must be saved fairpack had thousands of working class saver so must be allowed to fail.

Every taxpayer has put £900 of their money into failed bank Northern rock in order to make sure everyone who has savings with that institution is not at risk from loosing a penny. On the other hand Fairpack customers who are mainly poor working class people only get 5p of every £1 they saved with that company. I realise that the government must be seen to uphold the British banking system but giving just 5p in the pound to every saver of failed Fairpack is an insult to the poor of this country.

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