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Deleted member 473
Good idea! Live perpetually in hock for future generations to worry about
That's how capitalism and finance work. What do you think happens to your money that's in the bank? Where do you think that minuscule interest payment on your savings comes from?
I don't agree with it, but it won't go away unless the whole system collapses, despite what politicians would have you believe. Plus, there are only limited funds for us at the bottom of the pile; they seem to be unlimited when it comes to CEOs, bonuses, etc.
Here's a thought: those Northern Rock depositors got higher rates of interest than most of us until their bank failed. They then got bailed out by us, but their net gain was positive. All those bankers who squandered our money on bad investments also had a net gain over the rest of us. The load of them did pretty well out of our future.
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