“An organisation representing property investors and developers is to take a class action in the High Court against the Government, the Financial Regulator and the banks over their roles in the collapse of the property market.” ~ The Times again.
I’d be all for suing the banks. If we weren’t all liable for their debts now, making it just a little self-defeating. But how do property investors get to sue them? These were the ones trying to make money out of house prices magically going up forever. The only people they should have a right to sue are their parents, for breeding them too stupid to breathe and tie their shoes at the same time.
Ah, because the banks lent recklessly. True – though this does overlook the fact that the people they were lending recklessly too were the property investors who were borrowing recklessly. It’s the alcoholic’s justification: they didn’t drink too much. They were over-served.
Having destroyed our economy with their bare-bollocked, dribble-soaked avarice, property speculators have decided that they were the real victims here. So once we’ve finished selling our hospitals to pay off foreign banks, they want whatever’s left.
At what point does it become legal to hunt these people down with dogs?