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Numbers: Grey Vote
2007 Numbers Grey Vote are those over 55 There are 20 Million voters in this age group with a 75% turnout. This actually means the Grey Vote is the biggest single inluencer on the results. Beware Greeks Bearing Gifts
Structured Finance, or a simple scam? International banks organised a £191million bond for the Greek Government when the rest of the country found out there was outcry. These revelations have taken on a life of their own into a full blown financial scandal as the bonds were bought by the state pension funds on the most unfovorable terms. Basically giving the pensioners cash to the banks. The novel excuse offered by one London banker was the pensioners should focus their attention on the flaws in the system that allow a profit to be mae in this way. This is sort of saying "you should have stronger bars at the windows or expect to get burgeled" its still wrong whatever the shortcomings in the system. Due dilligence is required of the banks not only to ensure the product is good for the recieving fund, but that the deal is understood in detail. |
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