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How you too can participate in the financial crisis

15 December 2008

Lastest news from the financial markets: most shares may be down, and production is dropping in many industries, but snake oil production is up, and snake oil shares are booming.
Bishop Alan’s Blog: HBOS: Personalised Credit Crunch:

Welcome to the share offer that enables you to have your very own credit crunch at home this Christmas. As a student I earned some holiday money and put it in the building society. Then the building society became a bank and my shares were converted into, er, more shares… Imagine my joy, then to be sent an “important document” this morning that “required my immediate attention.” It’s my opportunity to bail the bank out by taking them up on a very special offer — They are willing to flog me 261 shares, as a special favour, at only 113.6 pence a share. Here comes fate, tapping me on the shoulder, offering me a career as a major capitalist, and all for only L296.49! Deep Joy!

I can’t help wondering whether this whole thing might have been avoided if the building societies hadn’t gone commercial in the first place. So, like Bishop Alan, i wonder what I am missing.

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