Overstretched home "owners"

[User removed 4]

Bollocks. A few years down the line, completely blameless pensioners will end up having to work til they're 72 due to these c unts. Like I say a crime against society. Could be argued that the banking sector has caused more overall harm to the fabric of British society than Al Qaeda ever managed. Not in terms of physical injury, obviously, but in terms of irreversibly destabilisng our way of life.

what about the people who helped facilitate the bankers heinous crimes, IT people and the like ? Surely they are culpable as well ? After all ignorance is no defence in a court of law, or would you just class them as hypocrytical tossers , happy to take the money while the goings good , but cant wait to point the finger when it all goes wrong ?

 

[Beach Hut]

what about the people who helped facilitate the bankers heinous crimes, IT people and the like ? Surely they are culpable as well ? After all ignorance is no defence in a court of law, or would you just class them as hypocrytical tossers , happy to take the money while the goings good , but cant wait to point the finger when it all goes wrong ?

I wonder crimes IT people have committed......................

 

[User removed 4]

I wonder crimes IT people have committed......................

well, none directly, but obviously they provided all the IT SUPPORT etc , to enable the bankers to commit these heinous crimes , i would just find it the height of hypocrisy if someone who had worked for various banks and futures/stock exchanges, now feels they can start pointing the finger.

 

[The Spanish]

they only want the traders and the directors, the lynch mob.

The fact that IT nerds may have lived high off the hog too, and spunked all their money on WarHammer figures and PS3's, does not matter to the pitchfork and torch brigade who have picked their hate figures already.

 

[Simster]

what about the people who helped facilitate the bankers heinous crimes, IT people and the like ? Surely they are culpable as well ? After all ignorance is no defence in a court of law, or would you just class them as hypocrytical tossers , happy to take the money while the goings good , but cant wait to point the finger when it all goes wrong ?

No no no no. It's not people like THPP who are responsible, it's "bankers", ALL of whom are driving around in Porsches and Bentleys and living in £5m houses while IT slaves like him (and me) are on the BREAD LINE.

THPP = politics of a whacky stewdent.

 

[BLOCK F]

Just live within your means.Prioritise your needs(and wants!)I know it is a cliche,but don't live a champagne lifestyle on beer money and finally,don't think you can have everything you want....instantly!

 

[Lokki 7]

Could be argued that the banking sector has caused more overall harm to the fabric of British society than Al Qaeda ever managed.

It's all very well pointing the finger when it fucks up, and it did royally f*** up, but how much better off is society on the back of centuries of development of the financial system? I don't remember Al Qaeda ever helping anyone to buy their own home.

 

[User removed 4]

I don't remember Al Qaeda ever helping anyone to buy their own home.

Thats a pretty blinkered point of view, i take it you've never visited the tora bora caves ?

 

[Simster]

This whole question is a difficult one to answer. From the stories in the article, clearly some are more to blame than others. In a culture where conventional thinking has been to buy your own house when you can afford the deposit, it's difficult to feel anything other than pity for those who scrimp and save for a deposit, buy a place and then watch helplessly as its value plummets in a recession.

On the other hand, I have no sympathy for those who have remortgaged and remortgaged as the value of their houses rise, simply as a means to paying off credit cards, used to fund holidays and material goods. And there plenty of those people around...

 

[Westdene Seagull]

I was being ironic mate if I had posted that I 'd have been shot down the truth is we have lived within our means haven't been flash worked hard (until recently) and saved. Consequently we can now both afford to take an extended career break to nuture our family. Oh and the unspecified amount I got from my last employer helps.

Well done to you!

Although you do have an inability to meet your credit card responsibilities

 

[Questions]

I want to get angry with those responsible for the shortfall in my endowment sum due next year to supposedly pay off my mortgage.

Who do I get annoyed with ?

 

[strings]

surely it doesn't matter what its worth unless you come to sell it.

here is a novel idea....LIVE IN THE f***ing HOUSE.

OK there is always people who have to sell due to circumstances, however the days of buying to do up and sell is long gone....

This post exactly sums up my opinion.

 

[adrian29uk]

I find it sad the way these banks are now starting to try and get our trust back. Have you seen some of the adverts on TV lately, they make me feel sick in the stomach. Treating us like a bunch of bloody idiots again.

 

[WATFORD zero]

surely it doesn't matter what its worth unless you come to sell it.

here is a novel idea....LIVE IN THE f***ing HOUSE.

Just live within your means.Prioritise your needs(and wants!)I know it is a cliche,but don't live a champagne lifestyle on beer money and finally,don't think you can have everything you want....instantly!

Two simple pieces of advice to follow. As long as you have followed these , you would have to be very unlucky to suffer and have my sympathy. I am afraid none of the three examples given meet these criteria.

 

[Freddie Goodwin.]

I have dealings with people who have fallen on hard times. In the last 12 months or so there's been a marked shift from small businessmen, mainly in the building trade, to some former high flyers and company directors mainly in the financial market. Always causes a wry smile when I am dealing with a 'financial consultant' who has made money advising others but can't look after their own affairs.

Although it's a new situation of the 'cash poor, asset rich' brigade, there's still a large number who cannot grasp reality and bleat on about having to live on a much reduced income which is probably more than mine and they still see their holidays as vital.

You've got to try and live within your means. You don't see hungry people about or kids in torn clothes, as was commonplace. The new poor always seem to have designer clothes, Ipods, mobiles, laptops Sky, etc.

 

[Spiros]

The new poor always seem to have designer clothes, Ipods, mobiles, laptops Sky, etc.

And those are just the ones on benefits

 

[Man of Harveys]

I reckon it's actually quite simple: there are a huge number of people who, for whatever reason, seem never to have learned or ever have been informed of the fact that no-one ever lends you money without wanting it paid back at some point and that they'll charge you for doing so.

Now whether that ignorance is all the fault of unscrupulous shark-like lenders or some seriously-underinformed and reckless punters is a very moot point; I suspect it's plenty of both. Even my online banking with a very ordinary high street bank informs me that I can very easily take far more out of my account than I have in it - now, I luckily know that that's an overdraft that I'd pay interest on but would everyone? It seems like no-one, no government or regulator or bank, has ever taken the responsibility to inform people.

 

[Acker79]

I reckon it's actually quite simple: there are a huge number of people who, for whatever reason, seem never to have learned or ever have been informed of the fact that no-one ever lends you money without wanting it paid back at some point and that they'll charge you for doing so.

Now whether that ignorance is all the fault of unscrupulous shark-like lenders or some seriously-underinformed and reckless punters is a very moot point; I suspect it's plenty of both. Even my online banking with a very ordinary high street bank informs me that I can very easily take far more out of my account than I have in it - now, I luckily know that that's an overdraft that I'd pay interest on but would everyone? It seems like no-one, no government or regulator or bank, has ever taken the responsibility to inform people.

While discussing lessons with finance...

Open letters that are marked "the occupier" or "to home owner".

My parents used to throw them away, until they were faced with a final demand for council tax, which they then had to struggle for a while to pay off (probably would have always been a struggle, but it's easier to spread if you start paying back early). They had recently moved into the house, so the council didn't know the names so put 'the occupier'.

 

[Arthritic Toe]

In my humble opinion, the problem goes right up the chain.

The stupid greedy people who over-borrowed are to blame for borrowing money they wouldn't be able to pay back.

The financial advisors are to blame for giving bad advice, whilst lining their own pockets.

The banks are to blame for not having tighter lending conditions in place. If Mr and Mrs Stupid wanted to borrow a pile of money they couldn't repay, the banks should have said no.

The regulators of the banks (FSA) are to blame for not regulating the banks. They should have recognised the iresponsible lending, but they didn't.

The Govt (esp Gordon Brown as chancellor) is to blame most of all for not recognising the truly massive credit bubble that was forming, and doing nothing about it, preferring instead to ride the wave of short-term popularity created by people feeling artificially well off.

Kirsty Allsop is to blame for making TV shows that gave the idea that houseprices can only ever go up, and you were stupid if you didn't stretch yourself to the limit. She is forgiven though because she has nice tits.

 

[Dave the OAP]

well, none directly, but obviously they provided all the IT SUPPORT etc , to enable the bankers to commit these heinous crimes , i would just find it the height of hypocrisy if someone who had worked for various banks and futures/stock exchanges, now feels they can start pointing the finger.

I take it you would use that argument against car manufacturers who built cars that bank robbers used as getaway cars?