Mecky Posted April 8, 2013 Share Posted April 8, 2013 Don't you ever get bored of replying with "bankers" to every problem we face? So are you saying it's not their fault then, does that stop the problem? Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted April 8, 2013 Share Posted April 8, 2013 Not everything is the fault of Banks. Link to comment Share on other sites More sharing options...
curtains Posted April 8, 2013 Share Posted April 8, 2013 So are you saying it's not their fault then, does that stop the problem? Not saying that at all, but it's not wholly their fault. We are all to blame, we all enjoyed the benefits and no one questioned what they were doing until we couldn't get exactly what we wanted. Link to comment Share on other sites More sharing options...
Jeffrey Shaw Posted April 8, 2013 Share Posted April 8, 2013 Plus: for every unwise loan made by an unwise lender, there was an unwise borrower who applied for it. Link to comment Share on other sites More sharing options...
pottedplant Posted April 8, 2013 Share Posted April 8, 2013 The Guardian is hardly an unbiased source. My problem with the benefits system is that it just keeps expanding, more and more people end up on benefits. It has to be stopped! That's because people keep getting older............huge part of benefits bill is pensions. Link to comment Share on other sites More sharing options...
Jonny5 Posted April 8, 2013 Share Posted April 8, 2013 Time to activate Logan's Law? Link to comment Share on other sites More sharing options...
Obelix Posted April 8, 2013 Share Posted April 8, 2013 So are you saying it's not their fault then, does that stop the problem? Investment banking is a major cause of the global recession. Retail banking overlent, and some went bust, reducing lending creating the credit crunch which compounded the recession. Labour having spent everything and forgot about rainy days, compounded a small recession and made it much larger and more prolonged because we didn't have and still dont have the resources to spend our way out. The problem now is the situation that the last Govt left us in, with banks that failed on their watch. Link to comment Share on other sites More sharing options...
Mecky Posted April 8, 2013 Share Posted April 8, 2013 Investment banking is a major cause of the global recession. Retail banking overlent, and some went bust, reducing lending creating the credit crunch which compounded the recession. Labour having spent everything and forgot about rainy days, compounded a small recession and made it much larger and more prolonged because we didn't have and still dont have the resources to spend our way out. The problem now is the situation that the last Govt left us in, with banks that failed on their watch. For the reasons already discussed on many threads in this forum, I don't think you can blame the last government for the situation today. If your beloved tories were in government during that time are you saying that things would have been better? Why are things much worse under this government, why haven't things got better, why is borrowing up? etc Link to comment Share on other sites More sharing options...
brianthedog Posted April 8, 2013 Share Posted April 8, 2013 For the reasons already discussed on many threads in this forum, I don't think you can blame the last government for the situation today. If your beloved tories were in government during that time are you saying that things would have been better? Why are things much worse under this government, why haven't things got better, why is borrowing up? etc Which can also be read as; As a massive Labour fan I find it very uncomfortable to discuss anything which relates to past transgressions on their part. Therefore I'd be grateful if we did not discuss this further and went back to my preferred favourite topic of baseless accusations and meandering questions. Link to comment Share on other sites More sharing options...
I1L2T3 Posted April 8, 2013 Author Share Posted April 8, 2013 Plus: for every unwise loan made by an unwise lender, there was an unwise borrower who applied for it. This is very true. So we have banks with toxic loan books bailed out by and guaranteed by the taxpayer. And underwater borrowers kept on life support with suppressed interest rates. What a mess. Link to comment Share on other sites More sharing options...
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