I told you so

I hope that you will give me the benefit of the doubt on this one, but this is a copy of a posting i put on my own blog in September, 2007. Note 2007, not like the johnny come latelies, so some of us did know, we did understand, only we were not listened to. I am just so angry, I hope that you and the moderators will allow this posting, not all of us were reckless, my blog follows:-

now I don't want to add to the panic over failing banks but should we really believe what we are being told by these, so called, experts, and this includes government ministers and economists. One of the essentials of banking is that you never, never, borrow short and lend long because the rates of interest on short term loans will get very expensive as soon as competitors understand how stupid you have been.Now, when executives and the boards of companies make mistakes then they should pay for it with their jobs, and definitely no compensation. The same unfortunately goes for employees because unfortunate though it may be they, like our soldiers in foreign places, did as they were told, that is they followed orders, even though they knew, if they had any education at all, that what they were doing would fail. Remember, ignorance is no defence.So, just like when we were told that Equitable Life was no problem, trust us we are experts, we are being told to keep our money in the bank, everything is great. Well do some research and find out who were the ones who transferred their money out of Equitable Life just before the court judgement went against it that caused the collapse! OK I will save you the trouble, yes it was the member of Parliaments Pension Scheme! Why, now we are being told that the present situation was known to the government for six weeks before we were told that Northern Rock was safe. I wonder who could possibly have taken their money out before the general public became aware.