Credit Crunch affects us all

Until now, the credit crunch has not affected me. I still had my job, and all my bills were paid. However, I did run on a bank overdraft, and now my bank has withdrawn that facility. To be fair, they have given me a year to do it, but I now have to make serious savings each month.
It seems bizarre that the bankers who caused this mess are still highly paid, and the normal hard working population have to pick up the pieces.
I need to live on baked beans for the next year - could be interesting round my house!

Credit Crunch

Ok, so I know naff all about accounting and economics but; How can a company that pays its boss a bonus of 12 million quid one year, can go bust the next year? Whatever happened to saving for a rainy day? At best this looks like greed and incompetence, and at worst it smacks of serious fraud. In the late eighties and early nineties, I worked for a small company that saved its profits during the boom, and then managed to survive during the recession. Short-term-ism is the way to go eh? (is that a word? - It is now!) The fat cats are still around!