Originally posted by DimPrawn
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Previously on "'Fairy godmother' taxpayer faces funding £200bn British bail-out for greedy bankers"
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Originally posted by SandyDown View PostIts not only a matter o paying everyone’s mortgage, there are also other factors to consider, e.g. employment and commercial factors, if there is no banks, there is no business, there is no jobs, the few remaining banks would dominate the market, unemployed people and surviving business, would be charged loads more, they may have a roof over their head, but they still need the jobs. Also they wont be able to sell their house to move on as no one is able to buy a house or get a mortgage…i.e. the whole wheel would come into a grinding holt.
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Originally posted by SandyDown View PostIts not only a matter o paying everyone’s mortgage, there are also other factors to consider, e.g. employment and commercial factors, if there is no banks, there is no business, there is no jobs, the few remaining banks would dominate the market, unemployed people and surviving business, would be charged loads more, they may have a roof over their head, but they still need the jobs. Also they wont be able to sell their house to move on as no one is able to buy a house or get a mortgage…i.e. the whole wheel would come into a grinding holt.
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Its not only a matter o paying everyone’s mortgage, there are also other factors to consider, e.g. employment and commercial factors, if there is no banks, there is no business, there is no jobs, the few remaining banks would dominate the market, unemployed people and surviving business, would be charged loads more, they may have a roof over their head, but they still need the jobs. Also they wont be able to sell their house to move on as no one is able to buy a house or get a mortgage…i.e. the whole wheel would come into a grinding holt.
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ATW, change the record, this is getting very boring. I think it is fair to say everyone on here knows you hate the city....
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Originally posted by Board Game Geek View PostInteresting idea..I wonder what the total mortgage of the population of the UK (for homes in the UK) currently stands at ?
£1,185bn
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Wouldnt it be cheaper to pay off everyones mortgage and let the banks go bust?
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Wouldnt it be cheaper to pay off everyones mortgage and let the banks go bust?
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