Banks Reluctantly Agree to Pass on 1.5% Interest Rate

[Mr Speirs]

I'm sorry!! We just gave you banks £500bn as you cocked up and you don't want to pass an interest rate cut on to the British public.

Someone needs to check the heads of the people running the banks!!!

Rant over :)

[Gene genie]

ah you see they need a bit of bubbly for the share holders meeting, gotta have a bit of bubbly.

[Bibio]

i'm not happy with the banks and credit (2 different subjects) just now ... (has a little rant to himself again)

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[dizzyblonde]

ah you see they need a bit of bubbly for the share holders meeting, gotta have a bit of bubbly.

don't forget the 'special' meetings held in the swishest hotels to go with that bubbly

[Gene genie]

and the xmas bonuses.

[Frank]

So ,because I was carefull and saved ,I am now to be penalised to help out those T**** that messed it all up.

[Bibio]

i'm with gid ...

[Gene genie]

a buddy at work insisted the rate should go up, almost treble it, to teach the credit crew a lesson.................maybe hes got a point, but practicaly?

[Tim in Belgium]

Banks are a business, they should be able to do what they like as long as they are held responsible for it....

BTW was it cheap credit that got us in to this situation, and now the banks have to extend credit lines as per a couple of yeras ago if given government help, i.e recycling the problem again.

Face it, if you ain't go the cash for it don't buy it.

[Demonz]

Of course they wont pass on the breaks - they have all just lost a ton of money and they need to make it back somewhere. One of the smaller banks will come through with the goods to make up some market share and they will start to tumble back in line.

EDIT - 1st of December it will happen... http://news.bbc.co.uk/1/hi/business/7716086.stm

[Bibio]

had to happen .. christmas is coming and they want you to spend spend spend .. if the public don't we are up sh!t creek without a paddle...

same old story ... get the public into more debt...

[Tim in Belgium]

Just don't fall for the hype, then live long and prosper :)

[Nutter]

Banks are a business, they should be able to do what they like as long as they are held responsible for it....

They did what they liked, and we ended up in this mess! Then they wanted my money to bail them out. I didn't want to own a bank, but now I do (or, rather the collective tax payers partly do) they'd better start doing playing nicely.

Face it, if you ain't go the cash for it don't buy it.

Don't know about you, but I'd find it tricky to buy a house without a mortgage. I agree it's silly to take out huge loans you can't comfortably afford, but if you really mean don't buy anything you don't have real cash for, hardly anyone would own a house. Most people wouldn't be able to rent either, because nobody would be able to buy a house to let to anyone else either!