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Pig-greedy Bankers

By: Zeffington 2014-08-26 13:14

I’ve a problem with our tax money being used to bail out African Bank. In fact, I feel the whole debacle has been swept under the carpet when it should have been left in its full glory on top of the rug like the big smelly dog turd which it is.

Only than can we properly clean up the mess.

Of course I’m not a banking whiz myself, but come to think of it, neither are the over-paid bankers making all the stupid decisions in the first place.

What I am a whizz at, is detecting when bullshit is trying to baffle brains.

Lets consider the African Bank lending model, because its quite simple: lend tons of cash to poor people and then charge them tons of interest when they pay it back. Oh it’s a great model because they can even harp on about serving the neglected poor people of South Africa who have been sidelined for decades from the wonderful world of banking and the glorious world of credit.

Hey, we’re practically a charity! (never mind that we charge 30% interest.)

Now which pig-greedy banker made such a stupid decision? Come on, own up and lets send you to jail where you belong.

And now to my real issue, ignoramus that I am. I know that the African Bank customers (and Ellerines eta al) have been told to continue repaying their loans or else . . .

Or else what?

How about a more practical solution. How about African Bank returns that 8 or 9 billion TAX PAYERS bailout and they instead tell their customers to repay their loans at a more affordable interest rate – like 0%.

This way the greedy bankers make nothing and the government can use our tax money to try and solve the appalling math literacy problem in South Africa. Then Joe Soap will be able to calculate for himself how much he is being shnide.

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