And I haven’t. Wonga must be pissing themselves. I certainly found it highly amusing. You would have thought that Welby’s invisible imaginary friend would have warned him before he went shooting his mouth off, wouldn’t you?
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And I haven’t. Wonga must be pissing themselves. I certainly found it highly amusing. You would have thought that Welby’s invisible imaginary friend would have warned him before he went shooting his mouth off, wouldn’t you?
Comments are closed.
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Ditto your comment I have been sat here chuckling copiously but I do feel a bit sorry for Justin he was trying so hard to be good and pious.
Better luck next time Justin.
This is a curious story. I heard the reports yesterday and thought.. well.. I thought things about the archbishop that I’d probably not want to bring up in confession. It seemed to be idiotic on all the levels upon which it could be idiotic.
Today, however, I heard the archbishop being interviewed about it all and got a different story. Firstly, and importantly, he never singled out Wonga for anything.. the media took his comments and decided to name a specific target. The archbishop evidently does have a beef with the industry, but seemed perfectly happy to say that Wonga are at the professional end of that, and his problem was really with some of the other guys.
The ‘issue’ with the CoE pension scheme ‘investments’ is also a bit of a media puff-up. He admitted his embarrassment because that’s what one has to do.. but, in reality, the scheme had approximately 0.000015% of it’s money invested in the VC fund which invested in Wonga. Suggesting any kind of hypocrisy or impropriety or anything else unfavorable is idiotic, I share your amusement, mind.. it’s, almost universally, the crap lefty types who commit such idiocy.. and now that ignorance is being turned against a cause they adore.
Still.. the archbishops whole idea.. that it would be nice if there was a non-profit alternative to the current industry is, surely, fair enough.. even if one disagrees? It strikes me as entirely unrealistic.. I’ve been doing a little bit of research into some credit union accounts and the ones I’ve seen are so far away from being able to offer a comparable service, at any price, it’s fantasy to think they could compete. However, the archbishop talked about just finding ways to help and support them, and how it would be a long term objective (many years) to compete current providers out of the market.
Most of the people who have a problem with the payday loans industry want it banned. This guy isn’t adding his voice to that chorus. He’s saying that he’d like there to be an alternative, and that he’s prepared to do something to help that alternative make an impact in a free market. I think he’s got fuck all chance of achieving anything.. but, now that I’ve heard what he wants to do, and not the press spin on it, I’ve got no beef with him and I’d far rather that he succeeded than Stella Fucking Creasey.
your thoughts are pretty similar to mine. I just found the whole thing highly amusing. it would probably have been better to have said nothing at all, frankly.
I’ve got no problem with the Church getting involved with credit unions – but as I’ve mentioned on the previous thread – he is being highly unrealistic. Wonga provides a service for which it charges. Those charges are not unreasonable – given that it is a short term loan, so using APR is disingenuous and wanting them banned is typical of the nasty left. Yes, Welby is not arguing for this and credit to him for not doing so. But unrealistic? Yup, definitely and a source of amusement in the process.