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***UK 'On Cusp Of Second Banking Failure' ***
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[quote:Anonymous Coward 995473:MV8xMjEwNzY1XzE5NjgxNzQzX0E0MzAxREFE] [quote:Richard Eldritch] It ain't the Banks it's all the fucking little people who borrow money and don't pay their debts. if they all paid their debts the would be no money for the banks to lend. Look, A bunch of Trailer trash got the chance to buy a home and what did they do? Defaulted en masse! They sold their Meth and never paid off the Morgage. The fact that the lenders knew they were giving out bad loans but didn't care as long as they got their cut is what is the crux of this whole matter. No the Krux is that the peasants refused to pay back the money.The Banks lent it in good faith and the Poor turnip heads welched on the deal. The lenders were giving mortgages to people who couldn't qualify for a car loan.It always has been the responsibility of lender to make sure the loans can be payed back as many borrowers never have been or will ever be that responsible. Did these borrowers turn up at the bank and say " Lend me 200 000,but I can't pay it back" NO! they where homeless and the banks did them a favour and lent some cash after being assured that their Meth sales would remain strong! Listen to yourself-banks doing people favors :tounge: If I lend you a Tenner BECAUSE YOU ASK ME FOR IT, It's somehow my fault that you don't repay me? [/quote] If I'm a drunk on a corner yes. [/quote]
Original Message
i gotta post and run, sorry...
heres some of the article on Sky News this morning:
High street banks stand on the verge of another credit crunch and taxpayers may be forced to plug a £25bn-a-month funding gap, an economic think-tank has claimed.
Faced with a huge financial black hole, the New Economics Foundation (NEF) has said the banks could turn again to the Government for support.
for more see: [
link to news.sky.com
]
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