Monday, 13 October 2008

A Simpleton Writes...

Call me a simpleton, but here's something I don't understand about the 'credit crunch crisis'. How come, if nobody - no bank even - can raise any credit, the offers of loans and credit cards continue to pour through my letter box as if nothing had happened?
Posted by at

8 comments:

  1. malty13 October 2008 at 17:15

    Apparently, like a supertanker at the trot the system takes "a while to run down", also what the banks now need are poor payers so they can charge lots of penalties, lovely jubbly. Instead of nationalising the stupid bastards Brown should put Ladbrokes in charge, they at least know how to profit from gambling.

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  2. Mark13 October 2008 at 17:31

    But nothing has happened, has it? What exactly are the signs that something has happened amid all the talk of cataclysm, catastrophe, nuclear winters, Armageddon, tsunami, disaster, meltdown, earthquake, abyss, etc, etc. Round here, people seem to be going about their business much as normal. The crowds are out in the High Street. I wonder what, looking back, we'll decide really did happen.

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  3. malty13 October 2008 at 17:48

    Its 1939/40 all over again Mark, the phony war, phony as in the whole steaming lot of them are a bunch of phonys. On top of all of that Fleetwood Mac may make a comeback, corrrr Stevie Nicks all over again.

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  4. Nige13 October 2008 at 17:54

    Argh no! I can take whatever's coming - but not a Fleetwood Mac revival, not that...

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  5. Judith Fitzgerald13 October 2008 at 18:35

    Wait a minute . . . Isn't it a full-moon eve or something? That means it's not a blue moon; so, please thank you not, no Stevie Nicks. Icks. You know what really happened (and, only a good cobbler would really understand this): In 1960, on this very day (which is not a lucky one), Nikita Khrushchev banged his shoe on the table at the UN which, of course, led to the creation of the moonwalk by Wacko Jacko. That's hissstory!
    p.s. Glad you had a good wet time but even gladder you're home, Nige; I know Frank rally missed you!

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  6. Anonymous13 October 2008 at 21:51

    Your question is one I have been regularly asking, since well before this "crisis".
    If it is obvious to me, one who has little interest in money so long as I can be in the same place as an unread book, that one cannot keep on offering yet another credit card and 10K, a spare mortgage, a car, a holiday and a budgerigar to people at random -- then it is a bit sad. Yet the "banking world" carries on regardless.

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  7. Judith Fitzgerald13 October 2008 at 23:21

    Rumours in this neck of the world suggest this "credit crunch" exists because the biggest banks did not meet their projected (not real) profits for two quarters in a row; they made rapillions; but, not the grabillions they greedily wanted to make. That's one reason, perhaps, why they're not worried; they know who the villains are and they know it's really business as usual for them (despite the collapse of the world's airlines, stock markets, automakers, governments, infrastructures, and budgie farms).

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