Quote:
Originally Posted by RizzyKing
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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" 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. "
We were bombarded with loans from LLOYDS TSB and they always put up the credit limit on our cards and our overdraft, we were stupid to use them but you put your trust in banks, don`t you? we`ve just about kept our house. We have a 26 year mortgage now
We`re still paying the loans back and we will be for about 10
years.................... our house will never be ours.
Be warned. Stay away from the bank loans, all the loans and even the Re-mortgage we were advised to take out only put money in the pockets of the advisors!