Tory Bankers
07 February 2009, 08:28 AM
#31
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On the contrary I think it proves perfectly that the Tories would be able to make money for the country where labour have continually failed. Imaging if the huge amount of money being borrowed was invested like this, we'd have no debt in no time !
AllanB
AllanB
07 February 2009, 11:38 AM
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Can I ask you a question. What do you think would have happened if the banks had refused to lend money in the way they did?
I don't think the bankers are the only people to blame for this crisis, quite a few people got too gready and lived way beyond our means and now we're all counting the cost.
I don't think the bankers are the only people to blame for this crisis, quite a few people got too gready and lived way beyond our means and now we're all counting the cost.
07 February 2009, 01:42 PM
#35
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In the final analysis .... if the lending was responsible we would not be in this mess.
Limiting, for example, Mortgages to 3.5X Single and 3X Joint would have held the House Prices to a level which was sustainable ... yes, they would increase - but just at the rate of wage rises.
Living within your means is a rule best re-learnt by those too young to know real hardship.
08 February 2009, 11:28 AM
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People would have been forced to borrow according to their means and ability to repay
Please refer to the answer above.
In the final analysis .... if the lending was responsible we would not be in this mess.
Limiting, for example, Mortgages to 3.5X Single and 3X Joint would have held the House Prices to a level which was sustainable ... yes, they would increase - but just at the rate of wage rises.
Living within your means is a rule best re-learnt by those too young to know real hardship.
Please refer to the answer above.
In the final analysis .... if the lending was responsible we would not be in this mess.
Limiting, for example, Mortgages to 3.5X Single and 3X Joint would have held the House Prices to a level which was sustainable ... yes, they would increase - but just at the rate of wage rises.
Living within your means is a rule best re-learnt by those too young to know real hardship.
08 February 2009, 11:35 AM
#38
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People would have been forced to borrow according to their means and ability to repay
Please refer to the answer above.
In the final analysis .... if the lending was responsible we would not be in this mess.
Limiting, for example, Mortgages to 3.5X Single and 3X Joint would have held the House Prices to a level which was sustainable ... yes, they would increase - but just at the rate of wage rises.
Living within your means is a rule best re-learnt by those too young to know real hardship.
Please refer to the answer above.
In the final analysis .... if the lending was responsible we would not be in this mess.
Limiting, for example, Mortgages to 3.5X Single and 3X Joint would have held the House Prices to a level which was sustainable ... yes, they would increase - but just at the rate of wage rises.
Living within your means is a rule best re-learnt by those too young to know real hardship.
08 February 2009, 11:47 AM
#39
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People would have been forced to borrow according to their means and ability to repay
Please refer to the answer above.
In the final analysis .... if the lending was responsible we would not be in this mess.
Limiting, for example, Mortgages to 3.5X Single and 3X Joint would have held the House Prices to a level which was sustainable ... yes, they would increase - but just at the rate of wage rises.
Living within your means is a rule best re-learnt by those too young to know real hardship.
Please refer to the answer above.
In the final analysis .... if the lending was responsible we would not be in this mess.
Limiting, for example, Mortgages to 3.5X Single and 3X Joint would have held the House Prices to a level which was sustainable ... yes, they would increase - but just at the rate of wage rises.
Living within your means is a rule best re-learnt by those too young to know real hardship.
Les
09 February 2009, 11:44 AM
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11 February 2009, 09:01 AM
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Sir James Crosby, CEO of HBOS from 2001 to July 2006.
In January 2004 he joined the board of the Financial Services Authority.
So bankers are being checked by themselves? Conflict of interest?
Gordon Brown then appoints him as Deputy Chairman of the FSA, not to mention that he also advises the PM on the economy...
Cynical? Me?
In January 2004 he joined the board of the Financial Services Authority.
So bankers are being checked by themselves? Conflict of interest?
Gordon Brown then appoints him as Deputy Chairman of the FSA, not to mention that he also advises the PM on the economy...
Cynical? Me?
11 February 2009, 10:31 AM
#45
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They say that none of those four being grilled by the MP's had any banking qualifications anyway!
Why are they allowed to get away with keeping their jobs I want to know!
Les
Why are they allowed to get away with keeping their jobs I want to know!
Les
11 February 2009, 11:02 AM
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Whoever "they" are, they are not right.
Whatever you may think of Sir Fred Goodwin, his qualifications include CA, FCIBS, FCIB and LLB (source).
Whatever you may think of Sir Fred Goodwin, his qualifications include CA, FCIBS, FCIB and LLB (source).
11 February 2009, 07:58 PM
#47
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2 out of the 4 were "sirs" and 1 was a lord. Strip them of their titles after their shameful "apology" yesterday.
12 February 2009, 11:23 AM
#48
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Whoever "they" are, they are not right.
Whatever you may think of Sir Fred Goodwin, his qualifications include CA, FCIBS, FCIB and LLB (source).
Whatever you may think of Sir Fred Goodwin, his qualifications include CA, FCIBS, FCIB and LLB (source).
Doesn't excuse him however, glad he lost his job.
Les
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