Remember the banks? You know, those people who took billions of our money to prop themselves up after they screwed eveything up? Want to know what they're doing with your money? They're "downsizing." Not, of course, by getting rid of the executives who screwed the whole thing up, but by getting rid of the "little people" - the ordinary workers who work in the branches or administer the offices behind the scenes. And the effect? Well one is that they no longer have enough staff to manage the mortgages, especially the commercial loans, that they took on. So they're selling them off to asset management companies at knock-down prices. In other words they're using our money to maintain executive bonuses while unloading work and saving money by sacking people. They are stuffing their pockets with our money. What did you think has happened to all the money we've shovelled into them?
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