Originally posted by lilelvis2000
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Reply to: taxes up - its almost official
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Previously on "taxes up - its almost official"
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If only Oliver Cromwell were alive today ...
If only Oliver Cromwell were alive today ...
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Banks seem to have been taking the pee-pee out of customers for some time now. Did anyone else notice how nasty banks started getting about 15 years ago?
But, if I were a bank I'm not sure I'd be keen to lend to people buying a house that may yet drop significantly in value. Bad for the bank and bad for the customer. Plus they have lots lovely loot that they'd rather hand out in bonuses and salaries to people running the show.
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taxes up - its almost official
http://news.bbc.co.uk/1/hi/uk_politics/7741397.stm
what's really really interesting is the last paragraph.
"Despite having been pulled back from the brink, the banks appear reluctant to launch their sizeable recapitalisation lifeboat and start lending again to households and businesses," Mr McFall said.
"It would seem that they are instead navel-gazing and looking warily at each other instead of concentrating on their customers, many of whom are still in peril on a sea of uncertainty."
But Angela Knight, of the British Bankers' Association, told BBC Radio 4's Today programme that banks had to keep capital as a safety net, and the money some banks were given by the government was "to absorb losses".
She insisted that banks were still lending money.
Must say, everytime that Ms. Knight comes on radio or TV, she appears to be on her own planet.
Off with their heads I say..and off with GB's and AD's as well!Tags: None
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