Based on the recent Daily Mash article

[Xenophon]

Or a extend National Savings to offer loans and mortgages at sensible rates on sensible multiples on income.

If only that word had come into play a bit more often over recent years, we wouldn't be in this tulip.

[DimPrawn]

Indeed.

If people need to borrow money they can do it through social lendings sites like Zopa.

Or a extend National Savings to offer loans and mortgages at sensible rates on sensible multiples on income.

[Xenophon]

Why don't the government just let us keep our money through low taxes and we wouldn't need to borrow it?

Indeed.

If people need to borrow money they can do it through social lendings sites like Zopa.

[TimberWolf]

How come the government inist that us tax payers must lend to the banks to that they can lend back to us in the form of mortages and loans at high interest rates?

Why don't the government just let us keep our money through low taxes and we wouldn't need to borrow it?

Koonts the lot of em.

I think it works like this: People borrow money from banks that borrow money from people. This money is a fiction though and eventually things come to a head, but there is a very simple solution. Governments step in and borrow money from people to lend to banks who can then lend to people again.

[cupidstunt]

How come the government inist that us tax payers must lend to the banks to that they can lend back to us in the form of mortages and loans at high interest rates?

Sounds fair to me

[Paddy]

Couldn’t agree with you more.

[DimPrawn]

How come the government inist that us tax payers must lend to the banks to that they can lend back to us in the form of mortages and loans at high interest rates?

Why don't the government just let us keep our money through low taxes and we wouldn't need to borrow it?

Koonts the lot of em.