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How the banks never lose- Dispatches-8pm tonight, Channel 4
BettiePage
Posts: 4,627 Forumite
http://www.channel4.com/news/articles/disp...er+lose/2425927
As the credit crunch continues to leave Britain cash-strapped and high street banks report huge losses, Dispatches investigates who is responsible for the current crisis.
How The Banks Never Lose
As the credit crunch continues to leave Britain cash-strapped and high street banks report huge losses, Dispatches investigates who is responsible for the current crisis. Reckless lending and risky investments have been blamed for directly driving up mortgage rates and increasing the numbers of people losing their homes.
Dispatches investigates how the bank chiefs allowed this to happen and if lessons have been learnt from the Northern Rock crisis. Former investment banker James Max tracks down the banking bosses who have presided over the colossal losses to see if they will be held to account.
He examines the billion pound bonus culture and lifestyle of the City's wide boys and investigates how the banks are now seeking to make back the money they lost before the credit boom hit the buffers.
Featuring the results of an exclusive survey of bank lending rates, and how much money banks are re-claiming through them, the film also offers expert advice on how to cope with higher interest rates and shows how customers can take banking into their own hands.
Illegitimi non carborundum.
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Bump
.poppy100 -
Thanks.....I'll go and watch!0
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50billion(of real money) lent to the banks, is just a start or the lending to the banks. Plus the government won't tell us which banks borrowed, so that we don't know which banks are in trouble. I think we have a good idea which banks are in trouble.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
MissMoneypenny wrote: »50billion(of real money) lent to the banks, is just a start or the lending to the banks. Plus the government won't tell us which banks borrowed, so that we don't know which banks are in trouble. I think we have a good idea which banks are in trouble.
Oh, care to name one or two?No reliance should be placed on the above! Absolutely none, do you hear?0 -
A&L and B&B would be two obvious onesKrusty & Phil Madoff, 1990 - 2007:
"Buy now because house prices only ever go UP, UP, UP."0
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