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Kazz
Dogsey Veteran
Kazz is offline  
Location: England
Joined: Apr 2004
Posts: 12,934
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10-12-2007, 08:34 PM

Christmas Credit Crisis

Anyone going to watch this tonight on Dispatches Channel4 at 9.00pm.
A report on the responsibility of banks allowing people to borrow beyond their means.....

Looks like it will be interesting.
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Losos
Fondly Remembered
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Location: Suffolk, England
Joined: Dec 2006
Posts: 10,529
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10-12-2007, 08:52 PM
Kazz - When you watch, see if you can spot any bankers who will admit to their loans being 'assets' yes that's how they look at them. When the top line banks feel they aren't going to get all their money they 'sell' that loan to a secondary bank, and so on down the chain. The last one in the chain is the heavies with the crowbar who come calling at 11 at night!!
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