nigel99 617 #1 March 8, 2011 http://www.bbc.co.uk/news/business-12672276 Just kidding about blaming it on Gordon. Things are definitely tough out there at the moment. I am not sure what we can do to turn things around in the short to medium term.Experienced jumper - someone who has made mistakes more often than I have and lived. Quote Share this post Link to post Share on other sites
Skyrad 0 #2 March 8, 2011 Its a worry alright, the problem is that the system simply doesn't work. Remember the dot com bubble? The crash was a result of people forgetting simple business rules, any idiot who could make a website could make a fortune just because people clicked on it, mad money. The bottom line was that the sites didn't make money but were stupidly valued. Well its the same idea here, people are ignoring the fact that borrowing money you don't have from banks that don't have it in the hope that you will be able to pay it back is simply retarded. When the solution is for Banks to write off the bad debt to be able to continue to lend to people who have no money to repay them with is almost the definition of stupidity.When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy. Lucius Annaeus Seneca Quote Share this post Link to post Share on other sites
