observer Posted October 31, 2008 Report Share Posted October 31, 2008 Seems those "I want it, I want it now" characters, who ran up debts of ?1,000s on credit cards or took out mortgages they couldn't afford; aided and abetted by banks, using savers money and now being bailed out by tax-payers - will become insolvent and ultimately the debt written off. So does that mean they get away with it? Does it mean that the prudent saver and taxpayer will be paying for this spending spree by the feckless? Quote Link to comment Share on other sites More sharing options...
asperity Posted October 31, 2008 Report Share Posted October 31, 2008 Yes it does, and I don't think I can afford to do it much more Quote Link to comment Share on other sites More sharing options...
observer Posted October 31, 2008 Author Report Share Posted October 31, 2008 As if to rub salt in the wound; they are now clamouring for a reduction in interest rates - thus penalising the prudent saver and returning to the easy borrowing that got us into the mess in the first place - seems they havn't learned a thing. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted October 31, 2008 Report Share Posted October 31, 2008 ...and just as I was starting to feel a little happier.... thanks chaps Quote Link to comment Share on other sites More sharing options...
observer Posted October 31, 2008 Author Report Share Posted October 31, 2008 It will get better Diz; but we'll (taxpayers and savers that is) for quite some time for the failings of the feckless. Quote Link to comment Share on other sites More sharing options...
Dizzy Posted October 31, 2008 Report Share Posted October 31, 2008 How I wish I'd been freckless  If I go out and spend spend spend tomorrow and run up some unpayable debts will you bail me out or is it too late for me to change my habits now Quote Link to comment Share on other sites More sharing options...
observer Posted November 1, 2008 Author Report Share Posted November 1, 2008 You literally have to have nowt, then the bailiffs have nowt to confiscate! Quote Link to comment Share on other sites More sharing options...
Dizzy Posted November 1, 2008 Report Share Posted November 1, 2008 Must be hard to spend so much that you run up huge debts without actually having anything at all for a bailiff to take away Quote Link to comment Share on other sites More sharing options...
observer Posted November 2, 2008 Author Report Share Posted November 2, 2008 Think it's called unsecured debt, and the lenders have been doling it out for the past ten years - hence the current mess! Quote Link to comment Share on other sites More sharing options...
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