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18 November, 2008

Tuck shops and how to avoid a financial crisis!

If, like me, you went to school in the days when it was OK to have a tuck shop in the school selling chocolate and crisps at break time you will probably remember your mates who never had any money.

Some mates were always on the scrounge with "lend us enough for some crisps mate". You got to know the friends who if you lent them 2 bob (10p) would give it back the next day and the others who saw it as more of a gift so you didn't lend to them and you warned other friends of the risky borrowers.

It was one of the good things that school taught in the days when a bag of fatty salty crisps did no more than give you the energy for an hours cross country in the rain.

But tuck shops are long gone and no one teaches people about identifying bad debtors.
All the bankers and traders, who have caused the financial crisis, are too young to have been at school when tuck shops were still allowed and have no idea that you don't lent to those who can not or will not pay it back.

We have the do gooders to blame, the people who banned tuck shops because they sold junk food because children no longer run it off because cross country is banned for health and safety reasons.

If we want to save the financial systems of the world re-open the tuck shops, before its too late!

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