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Heseltine says don't bash the banks!

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Ron Brind
Ron Brind
Posts: 19041
Joined: 26th Oct 2003
Location: England
quotePosted at 09:45 on 29th December 2010

I wonder if he would feel the same way if he didn't live in a huge property in Henley, Oxfordshire with many acres of land to peruse?

I also wonder how he would feel if he didn't have money like Mr & Mrs average in the UK?

Get real Heseltine and if you think the banks shouldn't be 'bashed' how about you giving away your wealth to those less fortunate?

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Sk Lawson
Sk Lawson
Posts: 4014
Joined: 7th Oct 2010
Location: USA
quotePosted at 01:06 on 30th December 2010

Ron, it use to be in the early 60's that interest charges on credit cards was completely tax deductible...the more you owed...the less you paid, because some it came back to you every year...at least over here in the USA...and they stopped that...what did it resolve in helping them do....... but get everyone so deeply in debt no one can hardly afford thier services...even when the interest charges are now down to zero in some cases...because the old interest has stacked up the debt to where people can't afford to buy "Period" omn some ways. AS my old economic business class pointed out...money in and of it'self has no value...it only has value when an good is received in exchange for it...and its value is equal....as was said...money is for the flowing...and if you can balance it...value vs good received...it flows an lot better. I don't believe people are picking on the bankers..though I'm not so sure they aren't us in ways ...for one thing most people know they have no "voice" or little  over most banks.  As I heard an financial advisor say last night....when I guy came on asking how to pay his credit cards....on one fourth what he is now making having lost this job...he said...ask the bank if they will accept your $50 an month when they want $200...or say...if they refuse..then I'll file bankruptcy and there won't be anything to collect from me on this debt at all. I need help..and if you don't want to help me through the crisis then expect nothing in the end.. In short stop being so greedy. Can one imagine going from an $100,000 yearly job down to $18,0000 and trying to live on it with bills already in existence?...try it some time...its not easy. It takes restructuring and its not done over night to pull out of debt...we'd all like an Obama check also for help but I don't see him doing an thing about it so far. So far they are finding ways to slip through paying more taxes and higher medical bills and higher good costs on us. Not good!!!

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