Where did all the money go?
posted by sooyup
on
Daily trivia
I’ve not noticed anyone on my Blog-list refer to the credit crunch and the global economic crisis. It’s good to know that Emma and I are not the only ones to care more about loving than about high finance. In the present climate, we feel almost guilty for not having any financial worries, despite not being wealthy - or perhaps because we are not. We feel deeply sorry for those who may lose their jobs or even their homes through no fault of their own. And you may be sure of this: those most responsible for the mess will suffer the least hardship. Until recently, every other advert on television was offering loans to people with poor credit ratings, who had been turned down by other loan companies. Banks were falling over each other to offer mortgages to people who hadn’t even managed to save a minimal deposit. Countless credit cards were freely available, no questions asked. And no-one saw the dangers? Don’t make me laugh. They were well aware of the dangers of providing poorly-secured loans. They simply sold the loans on, playing a bizarre game of musical chairs and hoping to be the sole survivor. Bankers? *ankers!