Lopsided financial system hits savers

IS it just me who resents the unfair way worldwide financial problems have affected the ordinary saver?

As someone who has no debts and has managed to remain consistently in credit, I’m disturbed by the fact that my money is ebbing away while those with serious debts also have seen them ebb away.

Who benefits? What sort of lopsided financial system can penalise someone who has managed to save some money?

Like many others, if I’d seen this crisis coming then I would have spent like crazy in the knowledge that my sins would be forgiven later.

From a moral point of view, banks and building societies should give some equity back to the people who have remained in credit with them for without these savers they would no longer exist. This could be considered a promissory bonus (ie, with future benefits if they survive) rewarding the loyalty of those savers.

Tony Proctor

Curraheenavoher

Ballymacarbry

Co Waterford