Credit Crunch

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Credit Crunch; The mess of the World Economy
Topic Started: Oct 7 2008, 10:19 PM (230 Views)
Faithfully	Oct 7 2008, 10:19 PM Post #1
Tanktopshania Posts: 1,218 Group: Members Member #32 Joined: July 16, 2007	The whole world has been hit with this Credit Crunch Why did the banks lend out money to people who had no interest in paying it back or just simply they couldn't afford to pay it back :angry:



greek fanatic	Oct 8 2008, 12:16 PM Post #2
Shania Fanatic Posts: 276 Group: Members Member #95 Joined: July 29, 2008	same happened here in Greece, i can see it's the same situation over in the States too <_<



ShaniaFanAus	Oct 8 2008, 04:16 PM Post #3
Shania Fan-Crazy Posts: 209 Group: Members Member #20 Joined: June 17, 2007	we're affected here too our stockmarket just keeps falling Kayla
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Faithfully	Oct 9 2008, 03:56 PM Post #4
Tanktopshania Posts: 1,218 Group: Members Member #32 Joined: July 16, 2007	The world has gone to hell in a hand basket



muttley	Oct 9 2008, 09:21 PM Post #5
Rock This MB!! Posts: 877 Group: Admin Member #13 Joined: May 17, 2007	The trouble with these banks is that they have been too greedy, all those financial whizz-kids trying to make a fast buck at our expense. They ought to be regulated more closely. Cut down on the commission that they get for a start.
	I gaze beyond the rain-drenched streets, To England where my heart is.


Faithfully	Oct 11 2008, 06:50 PM Post #6
Tanktopshania Posts: 1,218 Group: Members Member #32 Joined: July 16, 2007	I agree there are too many greedy tankers out there



muttley	Oct 13 2008, 08:02 PM Post #7
Rock This MB!! Posts: 877 Group: Admin Member #13 Joined: May 17, 2007	The Government is now lending money to keep the Banks in business. In the end we will end up paying for it, through Tax, etc.
	I gaze beyond the rain-drenched streets, To England where my heart is.


Faithfully	Oct 15 2008, 09:13 PM Post #8
Tanktopshania Posts: 1,218 Group: Members Member #32 Joined: July 16, 2007	Yeah while the lazy folk and junkies soak up more dole money :angry:


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