Saturday, November 11, 2006

Farepak Cancels Christmas

The collasp of Farepak has devestated many families who have lost their Christmas thanks to the greed and neglence of both Farepak and the HBOS (Halifx Bank of Scotland).
Some of the most poorest and vunerble families in society will not have a Christmas, while the rich executives that run HBOS, EHR (European Home Retailing, the Parent Company of Farepak) and all the others that are high up and invovled with Farepak.

At least there is some small light of hope for them with the rescue fund, which the Minister of Consumer Affairs, Ian McCarthy (Labour MP) has asked MPs to donate a days pay too, which he has himself and many MPs have, to date 107 MPs from Labour, compared to 11 Tory MPs and 10 Liberal Democrats. (as of 11th Novemember)

Oh by the way I also see that the spirit of Scoorge is alive and well in the Tories.

Many companies have also put thier hands into their pockets to help out the farepak family fund, and some of them had nothing to do with Farepak, including Sainsbury, Tesco and Boots, who have donated some of their profits to the action fund, which is more then can be said for HBOS, who are partly responible for ruining Chrismas for many families, have only donate a drop in the water compared to the billions which they have.

What is also unfair is the way which the laws reguarding what happands when a company goes bankrupt operates, instead of the money taken/stolen from customers going back to them (in this case most of them are not very well off at all) it goes to line the pockets of fat cat rich businessmen and women who fill their boots with the money from the company thats gone broke, while the workforce and the customers get what little pennies is left over at the end, I personally believe it should be the other way around, with the workers and customers getting what they are owed first, and then the rest being destributed between the lawyers, fat cat business people and other crediters, not I doubt that will ever happen.

However more regulation must be in place to protect people who use hamper firms and other like companies to ensure that profit is never put before people again.

(Ps. I know this blog entry is a bit all over the place, but it is something I felt strongly about for some time now and reading Ed Vaizey Tory MP's blog entry has made me decide to write a blog saying what it is right to donate to helping the people effected by Farepak.)

Random Fact:

Koalas have fingerprints exactly like humans.

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