The Credit Crunch
Did you score a bargain in Woolworths?
Meet someone nice in the queue to withdraw your 10p from Northern Rock?
Get made redundant from the job you hated enough to spend all day on b3ta?
How has the credit crunch affected you?
( , Thu 22 Jan 2009, 12:19)
Did you score a bargain in Woolworths?
Meet someone nice in the queue to withdraw your 10p from Northern Rock?
Get made redundant from the job you hated enough to spend all day on b3ta?
How has the credit crunch affected you?
( , Thu 22 Jan 2009, 12:19)
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I told you, I had to sell it. :P
In all seriousness anyway, surely if the money you're getting is decent you'll be able to get it into one of those high interest accounts available for people with lots of money to save.
6% isn't that high for a mortgage. Mine's higher than that.
You can't blame Blair/Brown for fucking up Britain's economy...to do that would assume the government has way more power and influence over economic affairs than they actually do.
In any case, 70% of money for nothing is still money for nothing.
As for governments printing money when they don't have any, that doesn't happen; for a start, the Bank of England has that job, and by and large it does what it likes, not what the government tells it to do. If the government needs more money, it comes out of our pocket through taxes, or they sell off something, or they borrow it from a bank that has got money.
So it won't be wheelbarrows full of money; it'll be years of us lot paying off the government's debts. Possibly a small price to pay to put a boot up the arse of irresponsible lending and borrowing.
( , Fri 23 Jan 2009, 0:37, Reply)
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