The bail out, Im annoyed

mikedo1

Hi, I would like to ask people what there thoughts on my view here on banks being bailed out. I have watched in amazement the last week on the £37 billion pounds of OUR money the govermant are helping lloyds tsb, hbos and RBS, and probably many others. My point is, during that week, I have not heard one person ask this question....Were is our help, after all it is our money?? I currently owe Lloyds tsb 2 loans, totalling £14,000 and am in arrears, defaulted and am looking to get a settlement. I ask, why should the banks get a bail out, and technically be paid back twice?? I also would like to know how people feel about having to really pay there debts twice over, as the banks will still demand intrest, late charges and default people, when we are bailing them out!! I would love to see a revault in this country, its about time the british public got up and stood together and said ''enough is enough'' bullying over. If people showed that we would all be better off!:mad:

I for one will NEVER borrow money again, mortgage, loans, credit, will also be drawing my cash out of the bank on payday, at least then I have no charges, and my money is safe! Banks will never make money out of me again, at least without my knowing!

_Andy_

So because you're in arrears on your borrowing, it's someone else's fault?

mikedo1

whos fault is the banks being in the s##t??? they get bailed out, they lend money to people to make a killing, then when it hits the fan dont see anyone opposing them being bailed out!

_Andy_

Your first post implies that you expect sympathy because you have failed to keep up with the credit agreements you took out.
No need to swear, by the way.

mikedo1

Im talking about the whole nation! If you read my post, im actually lucky to be able to settle my debts, im talking about the rest of britan!!! Its not fair that people loose there homes etc and they get bailed out!! bosses getting £500,000 pensions!! how can you defend that!!

Kez100

OK. Lets say they didn't bail out the banks. What do you think would have happened?

_Andy_

So what are you suggesting? That everyone with a loan they're not keeping up payments on gets it written off, subsidised by people that keep to the terms of their credit agreement?

marvin

mikedo1 wrote: »

Im talking about the whole nation! If you read my post, im actually lucky to be able to settle my debts, im talking about the rest of britan!!! Its not fair that people loose there homes etc and they get bailed out!! bosses getting £500,000 pensions!! how can you defend that!!

Yes the banks are indefensible and so is not helping them out, unless of course you would prefer 3 - 4 million unemployed hyper inflation etc...
When you come across an crash you do not ask whose fault is this you see what help is required and either provide it yourself or seek help from those that can.
When the mess is cleared up and the injured are on their way to recovery then you look at whose fault it is. Then if you can take action against them. None of this bodes well of course that Applegarth and co will be having no legal action taken against them.
It may be galling to you as a taxpayer to help the banks out but as a tax payer you would have been paying more for a lot longer with little chance of return if some action was not taken.
Choice of a rock or a hard place often leaves no-one happy.
And BTW I have heard it mentioned as I have heard share holders bleating (NR ones make me laugh our business was worth money when it was nationalised, no it wasn't if it had not been nationalised it would have gone bust! worth nothing.)

smk77

I'm annoyed...with those that object to this bail out.

As I see it you bail them out, banks start lending, economy recovers. Or, you don't and the banks go under. Some people think this is good because "they deserve it" and the government has protected savings up to £50k so it doesn't matter. Damn right it matters!! I would object to my tax going to others who have lost their savings a million times more than I would object to my taxes being invested in buying cheap banks that long term will be extremely profitable thus giving the government extra cash.

As for those that think that now they own the bank they should have cheaper mortgages, repayments etc where is the logic in that??? That's where they make their money. If you cut that income from them how will they ever be profitable again and give a long term return on our investment.

As fo the comment

Its not fair that people loose there homes etc and they get bailed out!!

My home is more under thread by NOT bailing the banks out. We need stability and mortgages that are affordable to those that have them and this will not happen if banks are going bust.

lesley1960

Maybe if everyone kept up with their loan payments etc the banks wouldnt need to be bailed out

smk77

lesley1960 wrote: »

Maybe if everyone kept up with their loan payments etc the banks wouldnt need to be bailed out

Maybe if the banks didn't lend silly amounts to people who couldn't afford to pay them back then the banks wouldn't need to be bailed out. People shouldn't be borrowing what they can't afford to repay and banks shouldn't have been lending so wrecklessly!