Crouchie's Lawyer

Jilleh Willeh, whats your opinion on this matter? I was especially keen to hear your response as know you have cats too!

And you think if most of the banks go under that the ones left standing will stand?

Correct. Its point two which is essentially the stem of the problem. I lend you £100 and you agree to pay me back £150 for the pleasure. You then lend that £100 to Mr X who you advise has to pay you back £160 (so being a middle man you make a tidy tenner). That person decides to sell it on to the next and so on, until you get Mr Z who is borrowing £100 but paying back £200 for the priviledge. Mr Z is more than likely a sub prime client and when he fails to pay his debt because the rate is too high and he is normally cr*p at paying bills the domino's all fall backwards, ending up with me not getting my £150 from you. This is why so many financial companies and banks are struggling. Im no genuis, but I (having worked in this sector) could easily design a system which is near fool proof and a system which could not be fraudulently adapted. Firstly every mortgage application requires atleast a 15% deposit, income MUST be proved by either accounts (self employed) or wage slips. Benefits can only be taken into account if they will be received for life of mortgage (ie if your kids are 16 and you have 25 years left on mortgage, you cannot include child benefits of child tax credits in your income) and more importantly, bank statements must be cited so the companies can assess the person has the capacity to pay the mortgage. The main problem comes in with credit cards and bank loans. These are even less regulated than mortgages. And for all the negative press mortgages get. Credit cards and loans seem to get off scott free. Most applications dont even require proof of income!

How do dolphins frig themselves off? They dont have any fingers?!

Going on from Olympics thread in the Lounge, just wondering what peoples ideal jobs would be? I have been thinking about this a lot of recent, as im not enjoying my current job as much as I thought I would and as much as my previous job. I think working with pets would be my dream job. I know a Vet would be the obvious choice, however, a lot of Vet work is the bad side of dealing with animals. Seeing sick pets, having to put them down etc. I think looking after cats or dogs would be a dream job of mine, sadly I dont think it would make me my millions!

Ahhh, Scud want some sugar too? :heart:

Im sure you have an equally as nice a$$ SB! (Smiley sucky up facey thing!)

http://www.dell.co.uk HTH

I once fingered a girl in slinky. FACT You wish you were me!

I appreciate the innernetz is easily the place to lie and deceive, however, that is one fine a$$ so if it is yours, congrats!

Definitely not Crouch. Maybe Alan Smith though

I bet that was you holding up the sign! Fickle fickle fans

I also agree that it is the banks faults. Having worked in a bank and mortgage broker, I have seen first hand (although not as severe as what the Yanks have done) what the problem is and where its come from. The problem lies in the fact that the industry even though heavily regulated, is obviously not regulated enough and the 'city boys' have taken advantage of this. The main problem lies within the fact that most lenders over here lend in the US too, and they are even less regulated over there. A lot of cowboys have lent money to people who seriously shouldnt have been given money and consequently this has caused major issues.

Ok so if banks go out of business, what happens to all the mortgages and thus homes that the mortgages are on in the UK? The banks are being kept in business as opposed to say for example your local DIY store, as there is more depending on it than just a few people having to drive a little further on Sunday morning to the next DIY store. They let the banks go out of business and there would be huge problems. People losing money left right and centre. Houses being repossessed even though mortgage payments had been kept up to date. The government would have to step in anyway. Prevention is better than cure, even if the medicine tastes like sheet.

I was trawling through pics on tinternet and came across this which made me laugh... Held by a Skate during our 2-1 cup win over them. How fickle that lot are down the road.

Bit harsh on the Shar Pei if you ask me!

Thats not you is it SB?!

Isnt there a thread about that on b-anter?

Certainly looks like him. Not sure if it is though

Plain and simple answer is that it is going to affect the tax payer anyway. We wont have to pay extra taxes pur se so if this is the way to sort out our economy then im for it

Ignore her its blob time, she is in a grump although will tell you she is fine (typical women behaviour!). I thinks its because they move. It detracts attention from typing/reading.

Obviously!:smt045

Ok, so it doesnt have flashing AIDS but it'll do for a week more or so, then ill change it. Dunno what to do for my next one though, I have Mr Bean pulling loads of different faces so maybe that

Oh my god, is all you do just quote stats? You are a bit of a stat freak aren't you? Do you not think its sad you are coming on a SAINTS forum when you are a SKATE? Do your fellow fans not like you? Or are you a closet Saints fan?

Thats the idea. It stops before it spells out f*ck