Mr Mortgage's Guide to the TRUTH

amcluesent

>why does Brown keep saying<

If he told the truth, there would be riots and the army would be needed. And none of the regiments are in Britain at the moment.

chrisandanne

It is not unreasonable to applaud the end of bad practice by banks etc, nor is it unreasonable to want affordable houses.

The fact that this will hurt people who have not participated in the creation of this mess is very regrettable indeed.

I find the tone of your posts offensive Chucky. What's your VI ?.

Dithering_Dad

ad44downey wrote: »

That's totally irresponsible of you to try to encourage another run on a UK bank.

lol, it's hardly 'encouraging a rush on a UK bank' by posting my views on an obscure internet forum. I was merely passing my opinion onto another forum member. If I was interested in encouraging, I'd choose a better place than on the Housing sub forum where about 20 people dwell. Though if you think that the loss of 20 people's money would cause the collapse of HBOS, then they really must be in dire straights.

It's funny how the HPC gang are quick to point out that 'talking about a recession on MSE isn't going to create a recession', then in the next heart-beat are now berating me for talking about a bank going bust as though simply by uttering the thought, it will happen. :rolleyes:

WTF?_2

chucky wrote: »

it is my opinion and if it is offensive - it's what i think of many members of this board.

Yet somehow, you can't seem to stay away. Now what does that say about you?

your posts are sensitive to what is happening and my posts should not be offensive to yourself in that case but there are members of this board who are extremly happy to what is happening.

Such as......?

Really, who would be happy about their savings bank going bust or losing their job in a recession?

Jimuth

You can be happy about some parts of this happening (e.g. hopefully the end of this bad practice and seeming cooperation between banks & governments to try and solve the issue) but anyone who does seem to be unequivocally happy about all this really should go to the HPC site and join in with them.

House prices back to where they should be - good
People losing their jobs (yes, even EAs) - bad

However, it's easy to say the extreme thing behind a keyboard.

geoffky

People losing their jobs is the price we have to pay for all this greed and the me me me attitude to end.
Am i glad that most of the collateral damage has been to banks and their jobs .you bet i am.
Moral hazard went out of the window years ago and it was all about short term bonuses..once we get this mess out of the way in the next five years or so we might get back to producing things for our economy instead of trying to con people into buying into a lie...things overall could work out well for us long term and the greed will be a regulated thing of the past....heres hoping so...
people will say but other people will be made redundant ect
if you are you will be ok for a few months(as i have been four times)but if you have been foolish and got in to debt well i am afraid we both had a choice over the last few years we both gambled you lost....

BACKFRMTHEEDGE

Pobby wrote: »

been meaning to say it !!!!!!, I really like your sig .It got me thinking and pulling out the old calculator. How very true. Shame my mate couldn`t get through to his son that a £500k, 100% mortgage, interest only was not a good idea! I kid you not!

The highest mortgae that one of my friends has is £440k - I kid you not;)

BACKFRMTHEEDGE

Kez100 wrote: »

The only good thing is my children are leaving Primary and I hope this allows them to grow without seeing their peers just going and getting whatever they want on fast credit.

I'm not wishing for a recession. I'm more of the sort of person who sees good and bad in everything. The bad side of the boom was that as a parent I was more frightened of the debt pushers (the banks) than the drug pushers:eek:. The way the banks seem to encourage young people to get into debt was shameful.

chrisandanne

chucky wrote: »

it is my opinion and if it is offensive - it's what i think of many members of this board.

your posts are sensitive to what is happening and my posts should not be offensive to yourself in that case but there are members of this board who are extremly happy to what is happening.

That's where we disagree you see...I don't see that 'most' people are happy or rejoicing about this situation, most people seem to be aware that it will be good in some ways and bad in others. (Although I don't read everything, no time).

I think though that the way you put across your opinions sounds aggresive and I don't think it does your argument credit.

I was genuinely interested in your VI, like most people I have feet in different camps. My daughter has just started a new job she really needs, if government/business cuts back it will go.....she needs an afforable house to buy...I have savings....I have customers for my business who may be affected and it will affect me.

There's no black and white here, everyone will have VI on both sides of the 'good thing, bad thing' argument.

It couldn't go on like that though, it was scary and obscene in it's own way and whatever comes after I hope will be better for the long term good.

A x

BACKFRMTHEEDGE

dudleyboy wrote: »

Like neas, I'm putting £500 pcm (the max allowed) into the Halifax 10% regular saver and I'm a little concerned.

DD, do you really think that HBOS is the next to go?

As you say, a guarantee is one thing - but how long will it actually take for any of us to get our money back if our bank goes bust?

I moved my meagre savings from the Halifax today. I don't have much so I need to have acess to it. I feel better now, so that's something;). I didn't have to queue so there hasn't been a stampede.