A thought about why banks are not lending

rich777 · 11th January 2009, 12:11

Its a thought you dont hear in the media and its a simple one..

I have a friend who is high up in Lloyds TSB he says that even customers with good credit ratings are getting turned down for loans... WHY...

the interest autolinker.com autolinking image

rate is too low and they dont make enough money

Its a vicious circle at the moment, the banks are 100% to blame

nevos · 11th January 2009, 12:15

I heard they simply ain't got the dosh!

rich777 · 11th January 2009, 12:47

Don't you believe it..

The banks have been lending money they dont have, for centuries

noomill060 · 11th January 2009, 15:48

'tis what banks do and have been doing for 314 years- create something called "money" out of thin air (under "emporor's new clothes" logic- it works as long as we all pretend) and lend it to you.

What they get back is the very *real* money that you have earned by very *real* work, plus a sackfull of very real interest autolinker.com autolinking image

on top- and they havent even had to get out of bed!

Fantastic scam, worked out by the feudal landlords when the Medieval period faded into the start of the modern world.

It keeps the rich, landed Norman Establishment perpetually in the manner which they have been accustomed to since 1066.

(And natuarally keeps the poor bloody Saxons hard at work in the fields!)

The more things change, the more things stay the same

Good, eh?

S C O R N · 11th January 2009, 17:47

Nobody is forcing you to borrow from a bank. Save it before you spend it!

11th January 2009, 12:11	#1 (permalink)
rich777 Basic Account Holder Protect your signature with SignGuard Cagger since : Jan 2009 Posts: 42	A thought about why banks are not lending Its a thought you dont hear in the media and its a simple one.. I have a friend who is high up in Lloyds TSB he says that even customers with good credit ratings are getting turned down for loans... WHY... the interest rate is too low and they dont make enough money Its a vicious circle at the moment, the banks are 100% to blame

11th January 2009, 12:15	#2 (permalink)
nevos Basic Account Holder Free trial on our eBay auction sniper Cagger since : Sep 2006 I am in: Yorkshire Posts: 765	Re: A thought about why banks are not lending I heard they simply ain't got the dosh!

11th January 2009, 12:47	#3 (permalink)
rich777 Basic Account Holder Worried about your signature being copied onto CCAs etc? Use SignGuard Cagger since : Jan 2009 Posts: 42	Re: A thought about why banks are not lending Don't you believe it.. The banks have been lending money they dont have, for centuries

11th January 2009, 15:48	#4 (permalink)
noomill060 Platinum Account Holder Worried about your signature being copied onto CCAs etc? Use SignGuard Cagger since : Sep 2006 I am in: a jacuzzi with Bananarama. I have not lived in Bolton since 1986 Posts: 6,713	Re: A thought about why banks are not lending 'tis what banks do and have been doing for 314 years- create something called "money" out of thin air (under "emporor's new clothes" logic- it works as long as we all pretend) and lend it to you. What they get back is the very real money that you have earned by very real work, plus a sackfull of very real interest on top- and they havent even had to get out of bed! Fantastic scam, worked out by the feudal landlords when the Medieval period faded into the start of the modern world. It keeps the rich, landed Norman Establishment perpetually in the manner which they have been accustomed to since 1066. (And natuarally keeps the poor bloody Saxons hard at work in the fields!) The more things change, the more things stay the same Good, eh? __________________ CCA s.78(1) request fee: £1 Court issue fee: £70 Discovering your credit agreement is unenforceable: Priceless. There are some things that money cant buy. For everything else, theres Barclaycard.

11th January 2009, 17:47	#5 (permalink)
S C O R N Basic Account Holder Protect your signature with SignGuard Cagger since : Jul 2008 Posts: 36	Re: A thought about why banks are not lending Nobody is forcing you to borrow from a bank. Save it before you spend it!

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