news.bbc.co.uk — World central banks have announced that they will provide billions in loans to smaller banks in order to lower interest rates and ease the availability of credit. While this sounds good in theory, it's more of what got the US into trouble in the first place - easy financing, with assets flowing to the lenders when the loans fail and are called in.
Dec 12, 2007 View in Crawl 4
ialexDec 13, 2007
These banks should be abolished. Hopefully people will wake up and demand the closing of this International Banking Scam.
rot13ubercryptoDec 13, 2007
Uh, easy access to credit isn't what got the US into trouble. A stunning trade deficit, a horrible bloated overbudget government, piss-poor savings rates and easy access to credit by people who should not have easy access to credit are what got the US into trouble. Fail.That said, if they're repeating the latter instead of keeping streams of cash available to those borrowers who are qualified, without insisting on proper due diligence and debtor risk analysis, they're a cretinous pack of whale-eating morons and we're all f**ked.
Closed AccountDec 13, 2007
Yeah,it's happened...The results were not pleasant. <a class="user" href="http://www.michaeljournal.org/lincolnkennedy.htm">http://www.michaeljournal.org/lincolnkennedy.htm</a>
lazerus9Dec 14, 2007
I saw that documentery years ago when it first came out and was amazed!
mhmdkhamisFeb 3, 2008
Uh, easy access to credit isn't what got the US into trouble. A stunning trade deficit, a horrible bloated overbudget government, piss-poor savings rates and easy access to credit by people who should not have easy access to credit are what got the US into trouble. Fail.<a class="user" href="http://dir.paramegsoft.com/">http://dir.paramegsoft.com/</a><a class="user" href="http://game.paramegsoft.com/">http://game.paramegsoft.com/</a>
mydaveJul 28, 2008
this system needs some good algorithms. <a class="user" href="http://sooslic.com/?id=624">http://sooslic.com/?id=624</a><a class="user" href="http://www.yara-online.org/">http://www.yara-online.org/</a>
mark321Sep 22, 2008
BLIMEY you right when I saw your comments thought no you must mean 15% APR so I checked some site must admit I'm lucky never really have to borrow money but did visit <a class="user" href="http://www.universalcashloans.co.uk">http://www.universalcashloans.co.uk</a> and yes it's 153.1% or something and there are alot more the charge even higher so if I were you I would steer well clear of these loan site they will just get you more into debt
anybody99Oct 15, 2008
These days when the stocks are all going up and down i doubt banks are giving loans without double checking you, in anyway you are better stick to your job and get paid good, rather then taking a loan that you can't return<a class="user" href="http://www.signoffers.com/">http://www.signoffers.com/</a>