Drone Posted October 9, 2012 Share Posted October 9, 2012 At the next election, I want a coalition government between UKIP and The Respect party. I wouldn't mind if all lot of them just worked together but they not capable are they Link to comment Share on other sites More sharing options...
PeteMorris Posted October 9, 2012 Share Posted October 9, 2012 Since we bailed them out and have a majority share in one of them, it should have been stipulated that it was on condition that they loan to small business and those trying to obtain a mortgage. The fact is, now, that banks will only lend money to people who don't actually need to borrow it! Nowadays they want gilt edged cast iron guarantees, or you don't get the money. Link to comment Share on other sites More sharing options...
truman Posted October 9, 2012 Share Posted October 9, 2012 The fact is, now, that banks will only lend money to people who don't actually need to borrow it! . Look what happened when they tried it the other way... Link to comment Share on other sites More sharing options...
L00b Posted October 9, 2012 Share Posted October 9, 2012 Nowadays they want gilt edged cast iron guarantees, or you don't get the money.That's called risk management, and wouldn't you if you were lending your money? Sounds like they learned their lesson, then Link to comment Share on other sites More sharing options...
green Posted October 9, 2012 Author Share Posted October 9, 2012 The fact is, now, that banks will only lend money to people who don't actually need to borrow it! Nowadays they want gilt edged cast iron guarantees, or you don't get the money. Heres an article that may interest you.... please read.... gives you a different prospective on our bankers. http://www.ianfraser.org/the-real-estate-hustle-thats-core-to-rbs-boss-stephen-hesters-survival-strategy/ Link to comment Share on other sites More sharing options...
PeteMorris Posted October 9, 2012 Share Posted October 9, 2012 That's called risk management, and wouldn't you if you were lending your money? Sounds like they learned their lesson, then Ah...so risk management means don't lend it then? So banks become ... well I'm not sure what they are then, cos if you deposit money with them, you get sod all interest...so that's pointless....They won't lend money unless you actually don't need it ...Im struggling to see the point!...For the common man, they might has well have gone to the wall! Link to comment Share on other sites More sharing options...
L00b Posted October 9, 2012 Share Posted October 9, 2012 Ah...so risk management means don't lend it then?No need to play obtuse, PeteMorris. Risk management means lending to people/companies able to repay the loan at least as of the time of their application. It means actually checking a stack-full of wage slips for actual net earnings, rather than a couple and then making a figure up to match the mortgage required. It means going through fully detailed accounts of the past 3 to 4 years of trading activity to determine a business' capacity to manage cashflow, bad debts, stock ratios, overheads, etc, etc. Oh, and asking for personal garantees again as well. Etc, etc. In a few words, and entirely according to common sense, 'old-fashioned' (prudent, risk-averse) banking. The fact that so many businesses have gone to the wall, and people gone bankrupt, in the last 4 years, is as much evidence as you need that far too many people/businesses had hitherto been living way beyond their means. They did not have to. For the common man, they might has well have gone to the wall!And they should have, for their sins. But then again (Gvt garantees notwithstanding), I could afford to lose my deposits when they would have. Could you? And how many more could have? This, allowed to happen in all countries concerned, would have solved the liquidity crisis overnight (IMHO). Link to comment Share on other sites More sharing options...
*_ash_* Posted October 9, 2012 Share Posted October 9, 2012 Strange argument. The banks are acting as if they have no responsibility to us or for what they did, just as badly as they behaved before. It wasn't an argument. You said something, and I don't think you were right. Link to comment Share on other sites More sharing options...
PeteMorris Posted October 9, 2012 Share Posted October 9, 2012 No need to play obtuse, PeteMorris. Risk management means lending to people/companies able to repay the loan at least as of the time of their application. It means actually checking a stack-full of wage slips for actual net earnings, rather than a couple and then making a figure up to match the mortgage required. It means going through fully detailed accounts of the past 3 to 4 years of trading activity to determine a business' capacity to manage cashflow, bad debts, stock ratios, overheads, etc, etc. Oh, and asking for personal garantees again as well. Etc, etc. In a few words, and entirely according to common sense, 'old-fashioned' (prudent, risk-averse) banking. The fact that so many businesses have gone to the wall, and people gone bankrupt, in the last 4 years, is as much evidence as you need that far too many people/businesses had hitherto been living way beyond their means. And they should have, for their sins. But then again (Gvt garantees notwithstanding), I could afford to lose my deposits when they would have. Could you? And how many more could have? This, allowed to happen in all countries concerned, would have solved the liquidity crisis overnight (IMHO). I wasn't being obtuse. All the things you outline are perfectly valid. But the nett result is stagnation. There's no money moving around anywhere!..People can't buy houses, people aren't spending on the high street...etc...etc....Stagnation! Link to comment Share on other sites More sharing options...
PeteMorris Posted October 9, 2012 Share Posted October 9, 2012 Heres an article that may interest you.... please read.... gives you a different prospective on our bankers. http://www.ianfraser.org/the-real-estate-hustle-thats-core-to-rbs-boss-stephen-hesters-survival-strategy/ Interesting article...and something of an eye opener...Wonder when that one will hit the general news programs? Link to comment Share on other sites More sharing options...
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