Oh Dear: Uber Doomed & Deja Vu

[milanbenes]

http://www.telegraph.co.uk/money/mai...ncredit104.xml


'Households and businesses face a "debt famine" this year, experts warned last night after the Bank of England reported a sharp drop in banks' willingness to lend cash.',


anybody who has read,

http://www.amazon.co.uk/Great-Crash-...9439308&sr=8-1

will unfortunately for the masses see many similarities.

Milan.

[Xenophon]

Tougher lending conditions, if done correctly, won't be a bad thing.

[DimPrawn]

Lend us a fiver until payday.

[Xenophon]

Lend us a fiver until payday.

Okay.

/hands DP £5

See - easy.

[milanbenes]

Xeno,

oh dear.

In these conditions, it is more lending which is required.

Tougher lending conditions bought on the crash of 1929.

Please explain why tougher lending conditions will not be a bad thing ?

Milan.

[ratewhore]

That's why I left the banking sector and moved back to the public sector for my current gig...

[sasguru]

Milan, you cretin, the world economy now is completely different to 1929. But the simple-minded are apt to see parallels where none exist, plus they get duped by people who want to sell their books.

HTH

[ratewhore]

plus they get duped by people who want to sell their books.

HTH

What's Lawrence Dallaglio got to do with this?

[milanbenes]

Sas you Uber Cretin,

you think everything's rosy eh ?

You know how long ago that book was written you plonker

Milan.

[Xenophon]

Xeno,

oh dear.

In these conditions, it is more lending which is required.

Tougher lending conditions bought on the crash of 1929.

Please explain why tougher lending conditions will not be a bad thing ?

Milan.

Just don't think it necessarily means 'doomed'. I have long had concerns, as have many of course, about the slack approach to personal lending by some of the UK banks and the means employed to get around the credit scoring system.