Although a long trot from St Kilda you could smell squalls through the volcanic jam that got pumped back through sugary helium doughnuts swallowed ten at a time by cold working-class mums with no teeth, a dreadful jacket and hanging out for the next child-endowment payment.
The UK finance industry has been a serial offender, as evidenced by mis-selling of pensions, endowment mortgages, payment protection insurance and rigging of interest rates, but successive governments have failed to prosecute.
But the regulator backed away from demands from small business groups that banks be found be considered guilty unless they can prove their innocence, following a precedent set by the mortgage endowment and payment protection insurance scandals.
Structured products, personal pensions, payment protection insurance, mortgage endowments: virtually any retail investment which has resulted in big losses for customers can be traced back to the customer adviser at their local branch.
Implementing one of the key manifesto pledges for education of the Scottish National party (SNP), the executive's education secretary, Fiona Hyslop, is expected to announce the end of graduate endowments, a payment of around £2,200 made by students when they complete their degrees.
In addition to a flat fee of $40.00 for two hours of participation and a $25.00 endowment, subjects' payments were determined by the outcomes during the gambling task as well the outcome of their chosen gamble at the end of the experiment (M = $66.00± SD $3.00).
He said that after selling the buildings, the school would make the annual payments on a tax-exempt bond for a new school from tuition payments and interest from the endowment fund.
Regardless of whether or not a player retained her endowment, she received payments if others in her social dilemma neighborhood cooperated.
Think of the list of scandals: pensions mis-selling, endowment mortgage fraud, the payment protection insurance scam, Libor rigging, insider trading and all the rest.
Even the more orthodox financial institutions deploy a succession of scandalous practices: pension mis-selling, endowment mortgage fraud, the payment protection insurance con, Libor rigging.
Huge amounts of wealth have been transferred from normal people to corporate elites and wheeler-dealers through the pensions mis-selling, mortgage endowment, split trusts, protection payment insurance and other scandals.
