WELL we’re here again: another building society on the rocks (Dunfermline) and another pledge by Gordon Brown that investors will not suffer.
I don’t know about you, but my sense of reality seems to be slipping into a void with all the huge numbers being bandied about.
We used to talk in millions: now it’s not just billions, it’s 10s of billions: a trillion even.
But what really annoys me is not the constant promises to bail out banks and building societies, it’s the injustice perpetrated upon a group of people whose only crime was to act prudently and save for their old age.
The savers who invested in Equitable Life have been waiting 10 years for justice. Ten years without access to their own money they put into a company which deceived them about the levels of profit they were making.
Many people have and are suffering because of the incompetence of bankers and regulators. Equitable Life investors have had their case investigated, auditors and regulators found inept, recommendations for compensation made and STILL the government turns a deaf ear to their entreaties for injustice.
At a meeting of the Equitable Life Action Group on Saturday we heard from an 87 year old ex-RAF airman who had been forced to continue working.
One lady who had earned a hard living working now had to trawl the shops looking for the cheapest things when she had earned, and deserved, to live a comfortable old age.
Fifteen of these pensioners die every day without justice.
About 70 Solihull Equitable Life pensioners have written to me, and I have kept them up to date on all the letters to ministers, questions to the House and debates I have spoken in on their behalf.
If there are other people who haven’t contacted me yet living in Solihull please get in touch and I’ll be very happy to let you know what I’m doing on your behalf.