Every Single Banker
However much you hate Clegg and his crowd. Let's not forget that it was the bankers that gambled all the money away and then didn't even say thanks when we bailed them out.

And still they have the temerity to collect their bonuses at the end of the year.
(chilling, Thu 23 Dec 2010, 15:09, 26 replies)

Wasn't part of it people taking out loans that they could ill afford?

( Je suis un vagabond is an unfunny, up your own arse middle class knob, Thu 23 Dec 2010, 15:11, closed)

Mind you if lending policies had been less greedy and irresponsible, folk wouldn't have been able to take out those loans in the first place.

( The Mock TurtIe ™ --- Thinks you are a cunt, on, Thu 23 Dec 2010, 15:13, closed)

Greedy and irresponsible people take out loans from greedy and irresponsible bankers
then blame greedy and irresponsible government for letting bankers get greedy and irresponsible.
( wotofco pissing in your swimming pool, Thu 23 Dec 2010, 15:17, closed)

have this link
because I'm not going to type the whole fucking thing out again

www.b3ta.com/questions/b3tapersonoftheyear2010/post1011170

in a way you are correct, its more of an interplay between the greed they knew existed, who ever was in power at the time and the bankers

EDIT: ah, I just realised it was you I orginally replied to in that link
(Dagwood, Thu 23 Dec 2010, 17:08, closed)

I can't be bothered to type out my response to that again
either.
( wotofco pissing in your swimming pool, Thu 23 Dec 2010, 17:10, closed)

didn't realise it was you I originally
had that debate with
(Dagwood, Thu 23 Dec 2010, 17:13, closed)

That's where I believe personal responsibility comes in.
It's not my fault for offering it, it's yours for taking me up on it.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Thu 23 Dec 2010, 15:18, closed)

Oh, right.
But why offer someone a loan if you know damn well they've got no hope of ever paying it back?
( The Mock TurtIe ™ --- Thinks you are a cunt, on, Thu 23 Dec 2010, 15:27, closed)

The ridiculously high interest on repayments
is supposed to ensure that you make your money back even if many people default.
( wotofco pissing in your swimming pool, Thu 23 Dec 2010, 15:32, closed)

So that you can they are then beholden to you, thus increasing your power base.
It's very simple.

If someone's stupid enough to fall for it, then more fool them.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Thu 23 Dec 2010, 15:36, closed)

Oh well, that's OK then.
Those awful uneducated plebs deserve a future of third-world poverty.
( The Mock TurtIe ™ --- Thinks you are a cunt, on, Thu 23 Dec 2010, 15:39, closed)

If you're borrowing money you clearly can't afford to pay back
then yes, it's quite likely you'll end up in poverty. Any chance you can explain why you think this might be a bad thing?
( wotofco pissing in your swimming pool, Thu 23 Dec 2010, 15:46, closed)

I think all lesser mortals deserve a lifetime of poverty, not just the irresponsible borrowers.

( The Mock TurtIe ™ --- Thinks you are a cunt, on, Thu 23 Dec 2010, 15:47, closed)

It's more about common sense.
If you earn £1 a week but put yourself in a position that you owe £1.01 a week, then you're an idiot. It's nothing to do with my fancy advertising - you made the choice.

Next up - it's not my fault I got lung cancer, it's the tobacco company's.
( Je suis un vagabond is an unfunny, up your own arse middle class knob, Thu 23 Dec 2010, 16:14, closed)

^^ Very much this... (Most of) The whole world is stupid enough to fall for it
You want fewer riots? Uprisings? Fewer questioning authority? Put people in debt.

They can't walk out on a boss they don't like, they might lose their overpriced house. They can't go protesting, they can't take time off work. They can't even write sternly worded letters to their MP, that takes time and they're too tired.

They can't resist big business taking what they want from the land, because it is going to make everyone rich enough to pay their debts, isn't it? Bye bye local natural resources...

Encourage everything to get just expensive enough that people have to borrow just to live.

Debt is what gives money its value, and is what keeps the world enslaved. The more of the world I understand, the more I see this to be true.

Want to be free? Don't play their game - don't owe anyone money.

---

Luckily, just recently we've seen that this ploy doesn't work forever - keep people on the breadline just long enough, then take away their bread, and they WILL rise up. I find this very encouraging about the country.
(MrOli is ugly, but in the morning you will be sober, Thu 23 Dec 2010, 15:50, closed)

A few students complaining about having to pay back tuition fees
is hardly the storming of the Winter Palace.
Just saying, like.
( wotofco pissing in your swimming pool, Thu 23 Dec 2010, 16:21, closed)

Oh, there's others you don't hear about
Plus the strikes we've got coming.

I'm hoping this is the wind of change, though I'm ready for it to be a waft of stale fart.
(MrOli is ugly, but in the morning you will be sober, Thu 23 Dec 2010, 16:24, closed)

well said

(Dagwood, Thu 23 Dec 2010, 17:07, closed)

so, the real villains are
1. Bankers
2. Stupid people
3. Chavs
3a. Mick Hucknall (for good measure)
( Mighty Nibus who dares gins | @nibus, Thu 23 Dec 2010, 18:09, closed)

I believe
it was banks and companies taking loans that were not paid back.

Banks lend to banks overnight to fill up shortfalls in returns. One day, one will be up, another will be down and vice versa.

Most of the loans that caused damage were not personal loans or credit cards etc... but big fucking massive intercompany loans.

If every single person with a personal loan refused to pay it back, the banks would barely even feel it.
Spin, spin and more spin has had us thinking that 'the man in the street' caused all this crap. It's simply not true.
(dchurch bah, Thu 30 Dec 2010, 10:19, closed)

Wunch of bankers.
(lanternchikk hat eine schwere Bohlenallergie, Thu 23 Dec 2010, 16:13, closed)

Yeah they are cunts of sorts
But who instructed them to trade like this, yep the likes of Sir Fred Goodwin, even against better judgement from internal skilled economists, i'm glad he got his windows smashed in. Also yeah we can share some of the blame and yes this is a fashionable view, however most people are stupid and if they are told they can borrow something, they believe in their heads that they can afford it, less not forget a lot of these problems came from the American market, trailer trash to house dweller in 5 minutes on a 110% mortgage :O. 80% of blame for the financial sector and 20% on us seems fair.
(bROKEN aRROW PUA HVI Master, Thu 23 Dec 2010, 16:27, closed)

Agreed.
I have a few points to make about "stupid" poor people taking out loans they couldn't afford:
1 When they defaulted they would have no way to pay it back so the money not paid back to the banker is lost.
2 The bankers should have known the above and taken it into account -- this is their fucking job.
3 "Financial Advisors" were selling mortgages based on what was known to be toxic debt over ten years ago -- I know because I was paid off on condition I didn't go public, and I know a lot more people were too.
4 This hasn't hurt the people in the US with NINJa loans -- it hurt everyone else.
So, yes, the overpaid tossbags that we call bankers fucked up royally and it seems their whole system was set up so they take no blame.
(Me, I'm not... in any way intoxicated, Thu 23 Dec 2010, 16:47, closed)

^agreed^

(bROKEN aRROW PUA HVI Master, Thu 23 Dec 2010, 16:55, closed)

Obviously it is the Queen's fault.
after all it's her face on the money.
( Sextant goes to him is emotionally erect, on this day, Fri 24 Dec 2010, 4:41, closed)

Fuck the lot of 'em...
May their arse-holes continually dribble and their children all be born with two heads.
(minimalist ..., Fri 24 Dec 2010, 15:45, closed)