are the banks paying off their loans?
Discussion
onesmallstep said:
Don't believe all the weasel words, they lend money to people who struggle to pay it back, they take commission, and flog the loans of to somebody else. They went too far and lost a load of money. They still have an awful lot of money secured against assets which are somewhat optimistically valued. Once the boe thinks the idiots can stand on their own two feet, interest rates will rise and so will repos.
Idiots is correct. But they're grown-up idiots, able to make their own financial choices, even in Gordon's world.If it comes back to bite 'em in the arse via repossession, whose fault is it? The banks?
anonymous said:
[redacted]
The banks are relying on the guarantees to survive so they are insolvent with out them.
Banks (sorry the financial system) are run by a bunch of smug simpletons who can barely add up.
The banks are dead ducks incapable of running themselves. Cameron wants us to start small businesses but if you do you risk your life savings because the stupid banks force you to take all the risk and do all the work.
With regard to administration, the credit crunch was caused by a reckless and fraudulent banking system which was ignored by the boe and the fsa. However I do concede that the labour party were pathetic in that they failed to invest in a sensible balanced productive economy and instead spent all the apparently free money from the incompetent banks.
Yes that's right I am not impressed by the City of London, the FSA and the BOE all of whom are doing their level best to drag this country back to the stone age.
SplatSpeed said:
onesmallstep said:
SplatSpeed said:
anonymous said:
[redacted]
And this is the biggest problem that scared me with the previous goverment! apart from the mounting debt.onesmallstep said:
no sorry mate many mortgages are 4% or there abouts, (not mine but there you go). What gets me is that as house prices drop and the LTV increases, according to these oh so clever bankers, that makes you a bigger risk so you then have to pay a higher rate. That'll help won't it.
My mortage = 1.39%Do you understand the phrase 'term structure of interest rates'?
So as risk increases, presumably you'd propose charging less? Please explain the logic behind this approach
onesmallstep said:
The banks are relying on the guarantees to survive so they are insolvent with out them.
Banks (sorry the financial system) are run by a bunch of smug simpletons who can barely add up.
The banks are dead ducks incapable of running themselves. Cameron wants us to start small businesses but if you do you risk your life savings because the stupid banks force you to take all the risk and do all the work.
And your source of information for this is?Banks (sorry the financial system) are run by a bunch of smug simpletons who can barely add up.
The banks are dead ducks incapable of running themselves. Cameron wants us to start small businesses but if you do you risk your life savings because the stupid banks force you to take all the risk and do all the work.
onesmallstep said:
With regard to administration, the credit crunch was caused by a reckless and fraudulent banking system which was ignored by the boe and the fsa.
Please provide details of any frauds that have been committed.onesmallstep said:
However I do concede that the labour party were pathetic in that they failed to invest in a sensible balanced productive economy and instead spent all the apparently free money from the incompetent banks.
Yes that's right I am not impressed by the City of London, the FSA and the BOE all of whom are doing their level best to drag this country back to the stone age.
FWIW I'm not impressed with your lack of knowledge.Yes that's right I am not impressed by the City of London, the FSA and the BOE all of whom are doing their level best to drag this country back to the stone age.
PS - aren't you due back at school soon?
Sidicks
Edited by sidicks on Monday 10th January 19:37
Edited by sidicks on Monday 10th January 19:38
anonymous said:
[redacted]
Are you stupid tonks? Those evil bankers forced 'people who struggle to pay it back' to take their money off them, they then sold those debts on (for more? Or less? Who knows)to a third party who then has to deal with the defaulters whilst the banks are laughing all the way to... the... er.... bank!coyft said:
^^ Sidekicks and Tonker. What an absolute croc of s
t you both talk. You are incapable of independent or creative thought.
a) who is sidekicks?t you both talk. You are incapable of independent or creative thought. b) Rather than be abusive, why don't you take any points that have been made and show why these are wrong with appropriate facts?
Or are you just a troll?
Sidicks
Edited by sidicks on Monday 10th January 20:01
well it's all ok Camerons arranged for his mates to 'create' 40000 jobs, oh hang on, they are in shops paying minimum wage and selling imported goods. How will the people pay for these goods, oh well, the banks will lend them money, great. Crikey everybody wins (especially the bankers).
Anyway why did the banks need the 300bn again and why did we need to buy them out. Oh that must have been because they were such cleverly run sound business. The banks are like spoilt kids, it's time they grew up.
The coalition are pathetic, apart from cut 100s of thousands of jobs but saving hardly any money what have they done.
I once worked with a rocket scientist, no really.
Anyway why did the banks need the 300bn again and why did we need to buy them out. Oh that must have been because they were such cleverly run sound business. The banks are like spoilt kids, it's time they grew up.
The coalition are pathetic, apart from cut 100s of thousands of jobs but saving hardly any money what have they done.
I once worked with a rocket scientist, no really.
onesmallstep said:
Anyway why did the banks need the 300bn again and why did we need to buy them out. Oh that must have been because they were such cleverly run sound business.
Where does this £300bn number come from?onesmallstep said:
The banks are like spoilt kids, it's time they grew up.
Certainy someone is sounding like an uneducated child....onesmallstep said:
The coalition are pathetic, apart from cut 100s of thousands of jobs but saving hardly any money what have they done.
How many jobs have been cut? How much money has been saved?What is your solution to the country's £3 trillion+ debt ?
onesmallstep said:
I once worked with a rocket scientist, no really.
I imagine you made his tea?Sidicks
Soovy said:
coyft said:
^^ Sidekicks and Tonker. What an absolute croc of st you both talk. You are incapable of independent or creative thought.
You mate are hilarious.t you both talk. You are incapable of independent or creative thought. Tonks is paid 400 an hour for independent thought.
Idiot!
I would say that if you are paid 400quid an our for a thought it probably won't be independent.
sidicks said:
onesmallstep said:
Anyway why did the banks need the 300bn again and why did we need to buy them out. Oh that must have been because they were such cleverly run sound business.
Where does this £300bn number come from?onesmallstep said:
The banks are like spoilt kids, it's time they grew up.
Certainy someone is sounding like an uneducated child....onesmallstep said:
The coalition are pathetic, apart from cut 100s of thousands of jobs but saving hardly any money what have they done.
How many jobs have been cut? How much money has been saved?What is your solution to the country's £3 trillion+ debt ?
onesmallstep said:
I once worked with a rocket scientist, no really.
I imagine you made his tea?Sidicks
not a lot
RUN!!!
We took turns to make coffee (no not really) he was a bit of a snooty tosser.
sidicks said:
Ozzie Osmond said:
andymadmak said:
banks were told to....
That's where it all falls apart, this claim that the banks were "only doing what they were told".These are important questions, and those of us who live off our wits are always interested to hear the genuine arguments in each direction.
As The Riddler said, "If he don't listen, he won't learn nothin'!".
onesmallstep said:
Anyway why did the banks need the 300bn again and why did we need to buy them out. Oh that must have been because they were such cleverly run sound business. The banks are like spoilt kids, it's time they grew up.
The coalition are pathetic, apart from cut 100s of thousands of jobs but saving hardly any money what have they done.
The bailing out of certain banks (remember, not all of them took taxpayers money) was highly political; the previous administration clearly wanted to nationalise the banks and this was one of the easiest ways they could see of doing that. How many of those that were 'bailed' out were in Labour strongholds?The coalition are pathetic, apart from cut 100s of thousands of jobs but saving hardly any money what have they done.
WIth regards to the coalition, they've had less than 9 months to try to correct the total mess that Blair, Brown etc got the country into over 13 years.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff