Employees of JCB, the excavator manufacturer today agreed to work shorter hours, thus reducing their pay, in order to maintain 350 jobs within the company.
How good is that?
These men work for an employer, they have their wages paid into banks.
The banks go bust so the taxpayer (including these JCB employees) bail the banks out with their hard-earned, but the banks won't advance money to JCB when the company incurs financial difficulties, so the workers effectively bail the banks out for a second time.
Meanwhile a senior banking figure appears on Sky News saying that banks have to be careful who they lend money to, and that there are alternative options for business people who object to paying a thirty pound charge for every check they write.
As far as I can see, the world hasn't changed, the machinery of industry hasn't disappeared overnight, office computer equipment hasn't suddenly evaporated, all the buildings and the infrastructure remain intact.
But money is becoming more expensive.
What a fucking load of old bollocks.
The banks have dropped us all in this shit because they are basically a bunch of not very successful gamblers, the main point being that they aren't gambling with their own money, they're gambling with ours.
God bless the JCB employees for having something that the banks just don't get, a sense of honour, loyalty to their fellow man in spades, and a sense of right and wrong.
Shame on the bankers.
As a postscript to this item, JCB are closing down. Cheers bankers, you effing wankers.