Okay so I’m going out on a limb here and fully expect to be shot at: I thoroughly sick and tired of the constant whinging about, or by, the people who’ve lost money because of the collapse of Farepak Hampers. Now don’t get me wrong, I DO feel sorry for anyone who loses money when a venture goes bust and I feel especially sorry for the folk who were saving for Christmas and are now in dire straits, but I really don’t see why Farepak’s clients should be a special case.
In the UK, we’ve seen people’s personal pensions siphoned off by unscrupulous companies. We’ve seen individuals lose their life savings when banks have crashed. We’ve seen whole work-forces dumped with no financial compensation when the idiot in charge makes bad business decisions. In cases like these, compensation is little or none – usually none - and the consequences are far-reaching. So what makes someone who stuck their spare cash into a venture like Farepak Hampers so special?
Personally if I wanted to save money for Christmas, I’d have put my spare cash in a bank, a building society, or some other account that at least paid interest; indeed I do exactly that. My choice isn’t exactly radical and certainly doesn’t make me anything out of the ordinary.
Come on people, get real. Farepak Hampers was a business like any other and the people who invested their money in it were taking a chance just like those investing in any other venture. Farepak collapsed, get over it. Stop whinging!

GoingSomewhere


I agree. It's funny how everyone sees themselves as a special case. I do feel sorry for them too, but as you point out, it's not the best way to save for Christmas. Compared to people who have lost their pensions, they haven't really lost much, have they?