A thought about why banks are not lending

[rich777]

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

[Steward]

You can use Google to search the web using these links below:-

[nevos]

I heard they simply ain't got the dosh!

[rich777]

Don't you believe it..

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

[noomill060]

'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?

[S C O R N]

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