Or did ITV put an advert for a betting company in over the actual play in Italy vs Holland? Jeez, is that even legal? If so, and I didn't imagine it, I've got a special room in hell for the adman who proposed it and the legislators who agreed it: adverts will be shown on the back of their eyelids 24/7.
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Or did ITV put an advert for a betting company in over the actual play in Italy vs Holland? Jeez, is that even legal? If so, and I didn't imagine it, I've got a special room in hell for the adman who proposed it and the legislators who agreed it: adverts will be shown on the back of their eyelids 24/7.
And so the unravelling of the latest financial bubble gathers pace. Here and in the States failing financial institutions have been backed with taxpayers' money.
I quite understand the decision to make sure depositors don't lose out: you should know that if you put your money into a bank account it won't disappear. However, bailing out risk-taking investors with our money? That's just wrong.
If the value of your investments effectively can't go down, you shouldn't get benefits based on that supposed risk. And the free-marketeers ought to be agreeing, because they invented the phrase "moral hazard". That hazard doesn't just apply to business people, it applies to the politicians who bale them out too.
I quite understand the decision to make sure depositors don't lose out: you should know that if you put your money into a bank account it won't disappear. However, bailing out risk-taking investors with our money? That's just wrong.
If the value of your investments effectively can't go down, you shouldn't get benefits based on that supposed risk. And the free-marketeers ought to be agreeing, because they invented the phrase "moral hazard". That hazard doesn't just apply to business people, it applies to the politicians who bale them out too.
