And the Government buying shares doesnt put any money into a company. More likely the plan is to get those companies to issue new shares which will be bought thus creating a cash injection. That reduces the value of all the other shares so hits the shareholders big and small. The
Fact is we need to shore up businesses big and small.....they need to be still there in 3 months or whatever.......poorly companies can recover.....those who die dont!
Alistair Darling, a Socialist, was clever enough to rescue the Banking Industry 12 years ago. Without it we would have had armaggeddon.
By way of example shareholders in Lloyds had shares worth £10.50 each at the beginning.. now 35p! Those same shareholders, most of them small, earned nothing from dividends for 10 years so they were hit twice.That is in danger happening again.
During that period I became self employed and was able to keep all the money I earned except for taxes. Was I greedy?
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