By stealing the lifetime savings of pensioners and ordinary savers, he incited ignorant anger at the very idea of free markets.
Some of these new style funds are very suitable for ordinary savers while others are only appropriate for the sophisticated and professional investor.
So the NS&I bonds were popular with ordinary savers but unpopular with the profit-takers and which side were the government on?
His suggestion: issue bonds small enough for the ordinary saver.
By this means, any future returns to ordinary savers and investors have already been distributed to the wealthy.
If that starts to undermine ordinary savers' confidence in their banks, it could be catastrophic.
Pensioners and ordinary savers will not pay the 9% National Insurance element on their incomes.
Thousands of ordinary savers were misled by banks to invest i financial instruments with hidden costs.
Protecting these and ordinary savers is reason enough to preserve widespread Federal deposit insurance.
These investors were not rich entrepreneurs who could aford the loss, the court was told, but ordinary savers who wanted, and were promised, a good return on their savings.