the baby and the bathwater


What do you mean credit crunch?
July 18, 2008, 12:56 pm
Filed under: Uncategorized

In a week where we are told that heating bills are set for a 60% rise, food prices are soaring, and outrageous bank charges are once again being defended by the financial institutions, it maybe is worth remembering some figures:

HSBC profits up 10% to £12.2bn
British Gas profits up 500% to £0.6bn
Shell profits up 9% to £13.9bn
Tesco profits up 13% to £2.5bn
Number of children below the poverty line up 100,000 to 2.9million
Number of pensioners below the poverty line up 300,000 to 2.5million

It makes me think that this is not so much a credit crunch but a greed epidemic.

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1 Comment so far
Leave a comment

Hmmm.

Comment by dave bish




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