Is Dragon's Den The Answer To Banking Crisis
Published by Shaun Parker in Banking, 2 months 4 weeks 1 day 21 hours 4 minutes 48 seconds ago
The banking crisis is occupying the daily news reels as a matter of utmost importance. Those with savings in any bank are becoming increasingly worried about losing it all and those without are also being affected with a lack of confidence in all monetary systems and even manufacturing and job security. Therefore, this global economic crisis is on the minds of most thinking men and women of today. So what help is at hand?
One idea that has been forwarded is a Dragons Den type of solution. It has been suggested that the part-nationalisation scheme that saved Swedish banks from a similar crisis in the early '90's is what is now needed. It would see British banks approaching the treasury and touting for a share of a multi-billion pound hand out to rescue them from sure and certain death.
The idea is to avoid complete nationalisation and still be able to offer taxpayers money to banks in the form of a loan, effectively allowing the taxpayers to take a cut of the banks profits, if there are any and we don't lose that too!
The only certain thing at the moment is that the banks need stabilising and the government are looking at all ways of achieving this, the Dragon's Den idea is just one in a chain of possibilities but not one to be overlooked. Helping banks out one at a time is a system that is running out of steam as one after another crash so an idea with a wider reaching affect is being searched for. There have been several options in the pipeline to help out the growing banking crisis and overall economic troubles around the world at present, yet just as one is being looked at another problem crops up. It seems unreal to most hardworking people that the government could allow this to happen, that there are not some sort of fail-safe measures in place to protect savers. It seems unreal that we can be so advanced when it comes to technology yet be so backward when it comes to safeguarding our monetary systems.
At the end of the day, much of it comes down to the greed of the people in the hot spots of running these organisations and it understandably infuriates people, especially those who have lost money, to see the fat cat businessmen taking vast pay offs just before and even just after the collapse of the exact same system they are supposed to be looking after.
Banks have also been short-sighted and greedy over time and this has also added to the issues that we see today. Not so long ago, you wouldn't get a single day go by without some sort of advertising offering loans and credit cards from all types of banks desperate to lend money and rake in the profits from interest rates. Recently released prisoners and those out of work were able to take out unaffordable loans and obtain credit cards. Mortgages were offered above and beyond what people could realistically expect to pay back long term.
Yet, this was seen as affluence and people were loving the easy access to all the money. Well, it would new seem this has all backfired and we are all feeling the brunt of it, so who will be held responsible.
One idea that has been forwarded is a Dragons Den type of solution. It has been suggested that the part-nationalisation scheme that saved Swedish banks from a similar crisis in the early '90's is what is now needed. It would see British banks approaching the treasury and touting for a share of a multi-billion pound hand out to rescue them from sure and certain death.
The idea is to avoid complete nationalisation and still be able to offer taxpayers money to banks in the form of a loan, effectively allowing the taxpayers to take a cut of the banks profits, if there are any and we don't lose that too!
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The only certain thing at the moment is that the banks need stabilising and the government are looking at all ways of achieving this, the Dragon's Den idea is just one in a chain of possibilities but not one to be overlooked. Helping banks out one at a time is a system that is running out of steam as one after another crash so an idea with a wider reaching affect is being searched for. There have been several options in the pipeline to help out the growing banking crisis and overall economic troubles around the world at present, yet just as one is being looked at another problem crops up. It seems unreal to most hardworking people that the government could allow this to happen, that there are not some sort of fail-safe measures in place to protect savers. It seems unreal that we can be so advanced when it comes to technology yet be so backward when it comes to safeguarding our monetary systems.
At the end of the day, much of it comes down to the greed of the people in the hot spots of running these organisations and it understandably infuriates people, especially those who have lost money, to see the fat cat businessmen taking vast pay offs just before and even just after the collapse of the exact same system they are supposed to be looking after.
Banks have also been short-sighted and greedy over time and this has also added to the issues that we see today. Not so long ago, you wouldn't get a single day go by without some sort of advertising offering loans and credit cards from all types of banks desperate to lend money and rake in the profits from interest rates. Recently released prisoners and those out of work were able to take out unaffordable loans and obtain credit cards. Mortgages were offered above and beyond what people could realistically expect to pay back long term.
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Yet, this was seen as affluence and people were loving the easy access to all the money. Well, it would new seem this has all backfired and we are all feeling the brunt of it, so who will be held responsible.
About Shaun Parker
Shaun Parker is a leading computer expert with many years of experience in the finance industry. Find out more about project management software at http://www.e1business.com
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