IF I HAD SAID TO YOU TWENTY, THIRTY YEARS THAT IF YOU GAVE ME A SET SUM OF MONEY TO INVEST FOR YOU, THAT PROMISED A SET SUM FOR YOUR PENSION...ON PAPER AND SIGNED MY NAME OR THE NAME OF MY FIRM, TO THAT PROMISE. AND IF I TOOK YOUR MONEY AND SPREAD IT AROUND RISKING IT IN WAYS NOT AGREED UPON IN OUR ORIGINAL TALKS. AND THEN ONE DAY THE NEWSPAPERS RAN WITH THE HEADLINE THAT MILLIONS WILL BE AFFECTED AS MORE FUNDS FAIL.
WOULD YOU NOT BE BLOODY ANGRY WITH ME?
WOULDN'T YOU DEMAND TO KNOW WHERE THE MONEY HAS GONE?
AND WHO HAS BEEN FIRED?
AND WHY I...NOW CEO AM STILL PAID MILLIONS?
I am not actually terribly political...and as JP swore that his father never used insurers etc and look at him, we never ever insured ourselves...cars, houses yes, businesses, yes but endowments, pensions nope, we had savings and they were safe, weren't they? Well until we had the 0.1/2 interest rate we were.
But l confess to blood red rage when l read of more ordinary, hard-working, salt of the earth, pay up and shut up folk losing their money and even having to delay their retirement.
HAS ANYONE BEEN JAILED?
HOW CAN THIS BE RIGHT?