erebus Posted November 30, 2013 Share Posted November 30, 2013 Most of the debt today outside of those that live in Wongaland, is Morgauge debt, still retained and paid for by those that assume they own their own homes. The Wongerland ethos of lending money to the educationally challenged who do not understand the complexities of interest accumulation, is not it seems unique to the great unwashed. Osbourne and Cameron are also borrowing like no government in UK history has done, not realising that IF and WHEN interest rates rise it will not be just those loosing their homes in trouble, but the banks that are again overextended, as well as the government borrowings all become unaffordable. Welcome to us all one day, living like church mice in WONGERLAND. Link to comment Share on other sites More sharing options...
LeMaquis Posted December 1, 2013 Share Posted December 1, 2013 George Osborne joins the ad hominem debate but not on Boris's side; http://www.telegraph.co.uk/news/politics/georgeosborne/10486655/George-Osborne-Boris-Johnson-is-wrong-to-say-some-people-are-too-stupid-to-get-ahead.html Link to comment Share on other sites More sharing options...
Mister M Posted December 2, 2013 Share Posted December 2, 2013 I enjoyed reading Mark Steel's take on Johnson's speech: http://www.independent.co.uk/voices/comment/boris-johnson-is-spot-on-all-bankers-have-ever-cared-about-is-other-peoples-interests-8970621.html?origin=internalSearch Link to comment Share on other sites More sharing options...
Mr Bloom Posted December 2, 2013 Share Posted December 2, 2013 I enjoyed reading Mark Steel's take on Johnson's speech: http://www.independent.co.uk/voices/comment/boris-johnson-is-spot-on-all-bankers-have-ever-cared-about-is-other-peoples-interests-8970621.html?origin=internalSearch Oh, thank heavens for that link. I was getting too depressed! Excellent! Link to comment Share on other sites More sharing options...
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