Lending rules to be tightened up

[AtW]

Thats a great solution : until the banks use complex instruments to move the loans off balance sheet. Rather like what happened with the credit crunch.....

No - customers were getting morgages and that's when reserves should have kicked in. Complex instruments were used to pass "risk" on these morgages to the willing parties: this should have never happened, banks that issue loan should own it unless someone takes over the bank, it should not be possible to sell off bad or good loans - if you made the loan you have to keep it for the rest of the loan's life.

[AtW]

And smaller banks so that if they go to the wall it does not matter so much.

B&B got into this tulip too and also others.

[minestrone]

Thats a great solution : until the banks use complex instruments to move the loans off balance sheet. Rather like what happened with the credit crunch.....

Maybe less regulation is needed? And smaller banks so that if they go to the wall it does not matter so much.

What happened to the Derren Brown quote?

[BrowneIssue]

Maybe they should re-introduce debters prisons to make people more wary of taking on debt.

Try not paying your poll tax and see what happens.

[BrilloPad]

Try not paying your poll tax and see what happens.

Why would I want to not pay it?

[BrowneIssue]

Why would I want to not pay it?

It's one of the debts that can get you sent to prison.

[BrilloPad]

It's one of the debts that can get you sent to prison.

Why do I want to go to prison? I dont want to meet Mr Big in the shower......

[AtW]

Why do I want to go to prison? I dont want to meet Mr Big in the shower......

Not in England, but if you lived in Turkey you'd be ok with it?