tag:blogger.com,1999:blog-17101458.post4315445387016500109..comments2023-10-31T15:14:05.373+00:00Comments on Hagley Road To Ladywood: Credit Crunch: The Directors CutUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17101458.post-19143466354487848142009-03-21T17:21:00.000+00:002009-03-21T17:21:00.000+00:00Cruvic,you're so lucky (and obviously righteous) t...Cruvic,<BR/><BR/>you're so lucky (and obviously righteous) that you didn't have to rely on your credit card to make ends meet.<BR/><BR/>The amount of people I know who had to fund their dentist appointments and basic shopping with virtual money is basically practically every person.<BR/>'Course we probably agree that those cards and loans shoudln't have been dished out in the first place. But that's not the general public fault.<BR/>The greatest majority of people were showered with very aggressive marketing offers. If you get a nation in debt to the tune of over £1trillion, believe me, there are industrial-strength strategies involved.<BR/><BR/>When you receive loan offers and credit card offers every other day. When even people on the dole were offered credit. When part-timers, or casuals, or students, were all showered with "stick your signature here and name the zeros"...how can you blame the general public? Every week we read of "woman with c/c debts o £60,000" or similar. The question is: how the fuck were they allowed to gather so much debt? Where the hell was the regulation? How can people still waffle that "the market regulate itself????"<BR/><BR/>It's no coincidence the Government AT LONG LAST the other day discussed measures to stop unsolicited forms of credit offers. I twice had to actively ask my bank to NOT double my c/c limit, which they did without me even noticing. That is criminal behaviour. Practically all high street banks until recently included an automatic overdraft to go with each new account.<BR/><BR/>Criminal bastards who made zillions out of it. Criminal governments that allowed it so that they could lecture the world about Britain's dynamic service economy where in reality one transaction out of two was carried out on money that didn't exist!<BR/> <BR/>It's easy to see why credit in Britain simply became a replacement for what were once forms of welfare support.Stan Mosshttps://www.blogger.com/profile/08877204795536395407noreply@blogger.comtag:blogger.com,1999:blog-17101458.post-51576194388714204612009-03-21T15:01:00.000+00:002009-03-21T15:01:00.000+00:00Excellent post. So true in every manner and form. ...Excellent post. So true in every manner and form. <BR/><BR/>Gordon Brown and his banking cronies should be sitting in prison with Madoff because of them, we are all in the dwang now for next couple of years. <BR/><BR/>Those that were reckless with their money and borrowing and credit card use, well I have no sympathy for your loss.Anonymousnoreply@blogger.com