Re: banks/money/etc
- From: Nomen Publicus <npublicus@xxxxxxxxxxxxxxxxxxx>
- Date: Tue, 30 Sep 2008 13:29:02 -0000
Maria <oldwoman@xxxxxxxxxxx> wrote:
Sir Krustov wrote:
Where and when did the trouble start ? .
About 2003 IMHO.
I remember it because up until then, nobody would even give me a bank
account let alone a loan - that's how it had been for me since the
middle 1980's. By 2005 I had a credit card and a £7k loan.
With banks going tits up or bailed out and billions being lost on the
stock market etc - could the situation have been prevented .
'a stitch in time saves nine'
Do you think it was greed by the bankers who where more interested in
how much money they could make rather than what could happen if they
ignored the warning signs .
Greed. Frugal people don't make lots of money. What a great scam - lend
to lots of people who can't pay back and then sell the loans on to
people who really ought to know better than to buy them...lol.
I keep getting flashbacks to movies about the 1980s, such as "Other Peoples
Money" and "Wall Street". Not seen them on TV recently.
--
People who need govenment to enforce their religion must not have much
faith in the power of its message.
.
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