That may be so but the lenders - and that includes you if you contribute to a pension scheme - took a huge hit in 2011, details of which I posted earlire
as I said I don't disagree with any of that. Whilst my money may have been lent to them (actually thats unlikely because most of my pension fund is in property), I don't think I can be considered a lender as it wasn't up to me who that money was lent to. If you're giving what amounts to unsecured loans you'd better be very sure of who you're giving your money too!
This should be seen as a lesson on all sides.
- back to the future likes this