cod'ead wrote:You continue to lay the blame at the foot of individual borrowers, without ever accepting that in order for anyone to borrow, there has to be someone willing to lend. The ultimate arbiter of responsible borrowing/lending lies with the lender and for many years people with money (banks etc) were only too willing to lend to any idiot that walked through the door.
Do you right the Daily Mail? Only yesterday they were accusing Tesco of irresponsibility by selling discounted chocolate bars. Appraently, that's what makes people fat. Not the fact that they buy them and stuff their faces with them.
People make their own choices and should accept the consequences of their decisions.
Joined: May 25 2002 Posts: 37704 Location: Zummerzet, where the zoider apples grow
Dally wrote: Do you right the Daily Mail? Only yesterday they were accusing Tesco of irresponsibility by selling discounted chocolate bars. Appraently, that's what makes people fat. Not the fact that they buy them and stuff their faces with them.
I was unaware that the Dally Wail had been wronged but thanks for introducing a straw man, how very Dally of you
Dally wrote:People make their own choices and should accept the consequences of their decisions.
People are accepting the consequences of any decision to borrow, unfortunately they are also living with the consequences of casino banking too. Not only are people repaying their own debts, they are funding the extravagant lifestyles of the those who got us into this mess
The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy ------------------------------------------------------------------------------------------------------------ kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------ "No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan
Dally wrote:No it is sub-prime debt that's the issue. The banks playing around zeroes out.
I don't even know what your second sentence is supposed to mean. As regards your first one, I've yet to hear a single commentator say that the prime cause of the crisis was personal indebtedness. Most mention it as an aggravating factor only.
Christianity: because you're so awful you made God kill himself.
We could start by closing tax loopholes for the likes of Tesco and Vodafone. We could continue by making those companies pay their employees a living wage so that the tax payer didn't have to subside their profits via tax credits and whatnot.
Christianity: because you're so awful you made God kill himself.
cod'ead wrote:I was unaware that the Dally Wail had been wronged but thanks for introducing a straw man, how very Dally of you
People are accepting the consequences of any decision to borrow, unfortunately they are also living with the consequences of casino banking too. Not only are people repaying their own debts, they are funding the extravagant lifestyles of the those who got us into this mess
Rock God X wrote:We could start by closing tax loopholes for the likes of Tesco and Vodafone. We could continue by making those companies pay their employees a living wage so that the tax payer didn't have to subside their profits via tax credits and whatnot.
But that's contradictory. If the companies were taxed more heavily that would mean they had less avaiable to pay wages. So, I can only take it that you mean public sector jobs. That smacks of a society without personal freedoms and with a small minority dictating to the majority about what they should do in all facets of their lives. That sysyem has ffailed around the world. Free trade and freedoms go hand in hand. So, we should be promoting free trade (albeit with the state punishing miscreants heavily).
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