Another kick in the teeth for the ‘prudent’ UK taxpayer #banks #ppi #ponzi


Royal Bank of Scotland InternationalJersey Fra...

Royal Bank of Scotland InternationalJersey Français : Jersey (Photo credit: Wikipedia)

So let me get this right. Tax payer owned banks, Lloyds and RBS have set aside further monies to cover the great PPI misselling scandal.

My understanding of PPI is that it was sold to the mainly meek and innocent, those without much financial nouse. So the chances are that if you are middle class England, with half a brain and some financial knowledge you probably aren’t exposed to PPI and as such have nothing to claim back.

You are the same person that is a stakeholder in both these banks, by default  and you are witnessing your prudence being rewarded by a Ponzi scheme run by the government, whereby your taxpayer funds are being returned to the weak, meek and innocent who bought PPI and probably don’t pay a lot of tax either.

So how does this make you feel?

Cheated by those who trumpeted the cause of prudence for years and years and then disappeared having feathered their pension pots.

Common sense, if you are middle class England, expect to be milked.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: