You sir, are a fool.
Mr(?)Church

I have insufficiency of data - and wouldn't even pretend to go looking - for the specific examples that you allege, but:

1. 600% credit limit increases - I agree, that's downright ridiculous unless there was a reason that the limit was artificially low initially. Who the hell told you to *spend* it? Anyway; if your conspiracy theory is to have credence you seem to be suggesting banks want defaults so that we can bitch and moan about feckless, untrustworthy borrowers?

2. Failure on fraud detection - no idea, although I'm assuming that you've no idea what a neural network is or the maths behind it. It has to be said however that if you *did* ring them and told them you'd be away between dates x and y in country Z it wasn't recorded properly by non-machine code interface.

3. Your spare equity that wasn't planted in Iceland. Good for you. I'm assuming that the numbers involved weren't measureable in tens of millions? The kinds of numbers we are entrusted with rely on ratings agencies - if you want to have a bitch and stitch session about the fecklessness of bankers, go talk to your MP about them.

I am not suggesting that those who work in banking haven't monumentally fucked up on occasion but if consumers are going to suggest that their actions in defaulting (note: not typically a passive activity in my experience of the data) are the blame of the banks - well, I'm sorry, but you're living in cloud-fucking-cuckoo land.
(MrHappy, Sun 19 Jul 2009, 12:56, Reply)