Halifax Bank of Scotland gone bust

Poolie of Kent · **Posted:** Thu Sep 18, 2008 2:43 pm

But how do we deal with it emotionally, if it causes us such pain, if we can't find a way of releasing that pain.

Mr Ripper · **Posted:** Thu Sep 18, 2008 2:46 pm

Poolie of Kent wrote:

But how do we deal with it emotionally, if it causes us such pain, if we can't find a way of releasing that pain.

Laugh at the loids.

Poolie of Kent · **Posted:** Thu Sep 18, 2008 2:51 pm

Bloody hell.

Whatever happened to the good old days?

Mr Ripper · **Posted:** Thu Sep 18, 2008 2:52 pm

Poolie of Kent wrote:

Bloody hell.

Whatever happened to the good old days?

All the idiots who took on too much personal debt spoilt it.

Poolie of Kent · **Posted:** Thu Sep 18, 2008 2:53 pm

In America, you mean?

Mr Ripper · **Posted:** Thu Sep 18, 2008 2:55 pm

Poolie of Kent wrote:

In America, you mean?

No.

Here.

In the good old U of K.

Mortgages they couldn't afford, personal loans for holidays and cars that they didn't need, credit cards and the never never for that great big telly that they know they couldn't afford but "needed" cos "everybody else has got one".

The "I want it now" culture of the uneducated masses in this country is now coming home to roost. Maybe now some of them might realise that it's best to save up for something in advance if you want to buy it.

Mr Ripper · **Posted:** Thu Sep 18, 2008 3:01 pm

MadJohn wrote:

Mr Ripper wrote:

Maybe now some of them might realise that it's best to save up for something in advance if you want to buy it.

It's how I've always operated. The only time I use a credit card is for shopping online and I always square the bill at the end of the month. If I can't afford to do that I don't buy the bloody thing in the first place. Simple innit.

Very.

It must be if I manage it.

Mr Irrelevant · **Joined:** Thu Aug 17, 2006 8:25 pm **Posts:** 22659

Don't worry about what you owe, let them who want the money back worry.

hufc1908 · **Joined:** Fri May 09, 2008 11:08 am **Posts:** 186

Quote:

It's best just to ride out the storm, everything will be better after it.

It’s the likes of the couple with a over stretched credit limit (5 times borrowed above the income for a house mortgage) that wont come out of the over side of the storm. The company’s that start to lay people off because they can’t raise any more capital for the businesses. It will only get worse before the storm is over and it will be the working – middle class who will suffer the brunt of it again..

The financial institutes are happy to load everyone with cash in the good times but when its crunch time? Thatcher played a master stroke buy giving people the right to buy your council house. What people never thought about was the next generation that had no council houses to let. Then you end up in a cycle of borrowing to get on the property ladder, buy which time the housing market was totally over inflated – WHY – because of the shortage of housing left from the past government and government of the day not addressing the situation. Yes it was good if you got your house on the cheap, but when you moved you are caught up if this cycle of having to borrow.

Halifax Bank of Scotland gone bust

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