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Re: Is Britain heading for chapter 11 ?
Osem be fair it was the banks and their reckless business approach that led to so many people spending money they didn't have. Banks gave out the loans even though some of the people that had loans were borderline on being able to repay them. It's the banks again that dished out credit cards like they were penny chews and encouraged people to apply for them.
Same banks that year in and year out were conducting a non-sustainable business model paying ridiculous bonuses to certain employee's and have enjoyed a high old time for the last decade at least. Now the brown stuff has hit the fan and the good times have slowed if not stopped they go bleating to governments they are hypocrites and maybe joe public was stupid\naive to believe them but thats about it.
Let them now earn their 6 figure bonuses by working their way out of the mess they played a massive part in creating rather then expecting someone else to bail them out.
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