The banks continue to take us for idiots. Another
instance of "taxpayers being fleeced by a sophisticated City operation", this
time promising, in return for extra shares in Royal Mail, to "stay in for the
long term", and then selling them to hedge-funds.
So, not content with mis-selling insurance,
fixing Libor interest rates, manipulating the foreign exchange markets, even
laundering Mexican drug money, whilst all the time claiming "ethics come before
profits", banks can now add "mis-buying" to the list of skills that these "best
people", seemingly valued more highly than any other workers in the country,
have at their disposal! A government with any decency would demand the repayment
of those banks` profits, and treble them! If compensation is required for
mis-selling, the same should be true for mis-buying!
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