Winter of Discontent...

chewmylegoff

the banking crisis was causes as much as anything by knobheads like you speculatively buying properties with interest only mortgages on the assumption that prices would only ever go up and that you would make easy money out of it. sorry that it didn't work - you seem a bit bitter now and are hoping that there will be some kind of 70s style industrial unrest, i'm not sure why - perhaps because you want everyone else to feel the bite of your own financial misery. it seems unlikely that there will be a winter of discontent. i'm sure that there will be a few strikes, but most people will be more interested in keeping their jobs and paying their mortgage these days.

MegaMiniMouse

chewmylegoff wrote: »

i'm sure that there will be a few strikes, but most people will be more interested in keeping their jobs and paying their mortgage these days.

That's the problem! (check out my original post)

The enemy of the working class is no longer the employer or the government - it is the mortgage lender!

Baa Baa Baaa

MMM

Lance

MegaMiniMouse wrote: »

Orgy of borrowing? ORGY OF LENDING!!! - it takes two to tango...

MMM

Yeah it takes a greedy lender and a greedy borrower, both getting bailed out by the rest of us who behaved responsibly! WE should be borrowing not them! They are both nearly as bad as the Labour rubbish who watched it happen and fiddled their expences / flipped houses.

MegaMiniMouse

Lance wrote: »

Yeah it takes a greedy lender and a greedy borrower, both getting bailed out by the rest of us who behaved responsibly! WE should be borrowing not them! They are both nearly as bad as the Labour rubbish who watched it happen and fiddled their expences / flipped houses.

Off-topic.

This thread is about the Trade Union response to the forthcoming Government Cuts. As another poster pointed out earlier in this thread, the discussion about the rights and wrongs of the banking collapse has been done to death elsewhere on this website.

MMM

bigheadxx

MegaMiniMouse wrote: »

That's the problem! (check out my original post)

The enemy of the working class is no longer the employer or the government - it is the mortgage lender!

Baa Baa Baaa

MMM

Possession proceedings in most cases are not brought my the mortgage company but by the loan company who has second charge over the property. Your mortgage company only normally seeks possession as a last resort because it is bad for their reputation and because they are unlikely to recoup all of their money.

People who have secured loans are much more likely to have their property reposessed. They are also much more likely to have spent their equity on frivolous items, be in negative equity and be unable to meet their monthly commitments.

MegaMiniMouse

bigheadxx wrote: »

Possession proceedings in most cases are not brought my the mortgage company but by the loan company who has second charge over the property. Your mortgage company only normally seeks possession as a last resort because it is bad for their reputation and because they are unlikely to recoup all of their money.

People who have secured loans are much more likely to have their property reposessed.

Off-topic, but true... xx

HAMISH_MCTAVISH

MegaMiniMouse wrote: »

This thread is about the Trade Union response to the forthcoming Government Cuts.

What about it?

They'll do what unions do.... Make a lot of noise and try to deflect blame from the real problem.

Which is that the government has grown too large, the public sector is bloated, we can't afford it in it's current form (and never could) and cuts will have to be made.

The banks are an irrelevant red herring, as is Trident, ID cards, or any of the other guff they'll go on about to try and deflect those cuts from their members.

Ultimately they'll probably strike a bit, get no sympathy, win a few concessions, cuts will be made, and life will go on.

Do we really need 4 pages in this thread to establish that?

chris_m

MegaMiniMouse wrote: »

Off-topic.

This thread is about the Trade Union response to the forthcoming Government Cuts.

Maybe you should have said that in your OP then - two mentions of the word "union" in a rant about banks hardly makes your intention clear.

MegaMiniMouse

HAMISH_MCTAVISH wrote: »

Do we really need 4 pages in this thread to establish that?

Most people read no more than the most recent 2-3 posts, so YEAH, a limit of ten posts per thread would get my vote

(sorry, that was completely off-topic)

C u elsewhere then? It was nice talking to you...

MMM

MegaMiniMouse

chris_m wrote: »

Maybe you should have said that in your OP then - two mentions of the word "union" in a rant about banks hardly makes your intention clear.

Life is not completely black and white!

Sometimes there's a little bit of Pink

(omigod, what have I said now?)

MMMmmmmmmmm.....