BanksYour Ginger Fuhrer froths, "I hate my bank. Not because of debt or anything but because I hate being sold to - possibly pathologically so - and everytime I speak to them they try and sell me services. Gold cards, isas, insurance, you know the crap. It drives me insane. I ALREADY BANK WITH YOU. STOP IT. YOU MAKE ME FRIGHTED TO DO MY NORMAL BANKING. I'm angry even thinking about them."
So, tell us your banking stories of woe.
No doubt at least one of you has shagged in the vault, shat on a counter or thrown up in a cash machine. Or something
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chthonic, Thu 16 Jul 2009, 13:15)
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house prices rosebecause money was being given away at low rates in the US and it was 'invested' in housing - not because of demand, unfortunately. Demand is what people are ready, willing *and able* to pay. The 'able' bit was enabled by the US gvt low rates.
The banks gambled on an ever increasing market and were taking commissions for the parcels of debt.
Yes the banks lent irresponsibly, but people also borrowed unfeasibly. We get stiffed with mortgages worth more than houses [Japan had 95% drops, av. house price sold in May in detroit $6k, expected drops in the UK up to 90%], they get bailed out. By us. Bend me over, hold the lube.
(, Fri 17 Jul 2009, 13:48, 1 reply)
"expected drops in the UK up to 90%"You are officially mad. Try 25% from top of market...
(, Sat 18 Jul 2009, 14:35, closed)
watchthis space...
Yeah who wants to believe that?. We're already down 20%, and we've +4x this contraction to go, all the alt-As and Ninjas in the US yet to fall over will bring down most of the rest of the banks, and with it the ability to buy houses with credit. Check down the back of your sofa, and in your back pocket. If/when we get bank runs, that's what houses will go for..what you've got left, under your control. Who'd have believed you could now buy a house for $750 in detroit 5 years ago? Certainly not the banks who leant the money....
(, Sat 18 Jul 2009, 21:19, closed)
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