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I has a question to pose to yous

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Comments

  • #52
    Saila
    Closed Accounts Posts: 7,751 ✭✭✭Saila


    bnt wrote: »
    With banks, it's very simple when you boil it down to the essential fact: they lend money to make money. They are not a charity, and have no social obligation to lend. If they're not going to make money doing it, they don't do it.

    (The higher the apparent risk you won't pay back, the higher the interest rate. I say apparent because the risk was there during the boom, but they couldn't see it clearly, could they?)

    probably because they were so deep in the trough they didnt want to see it. idiots. bonus culture prevailed. the more mortgages they sold the bigger the bonus' they got :rolleyes: asking for it basically


  • #53
    pragmatic1
    Registered Users Posts: 5,573 ✭✭✭pragmatic1


    The peasants got ideas above their stations. Bit sad now.


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