Banks Slow Loans

There are a number of shenanigans trotting around the commercial world as result of the China virus. The them and us tales abound, workforces dumped or expected to defy government isolation rules. Footballer players on full pay whilst staff are furloughed, then re-employed as the football players refuse to drop massive incomes whilst many lower pay workers demonstrate heart rending acts of charity.

A host of captains of industry have made donations/pay cuts from their hefty salary packages, that is anyone but the banks. But this is true to form, banks are the first to claim support and the last to give it. Nothing new here! it’s a centuries old tradition and eminently portrayed in the film ‘It’s a wonderful life’ from the 1930’s. The government cash allocated to the banks to give small businesses loans has got stuck under their giant mattresses. Previously accused of using such cash as a cheap loan for their own purposes you wonder if the banks are at again. A source from the banks argued the delay in allocating vital loans can be best summarised in the following corporate nonsense speak; “Lenders are seeing a significant increase in the volume of enquiries and we continue to work closely with them on the design of the scheme as well as making all the processes as efficient as possible”, best translated as “don’t call us we’ll call you”.

Alistair Owens

The meandering thoughts of someone with too much time on his hands. Tending to see the obscure and irrelevant in most events I have been forced to record this by family members as a means of diverting attention away from them. But I see their plan.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.