Banks Reluctantly Agree to Pass on 1.5% Interest Rate

[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...

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

Originally Posted by 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....

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.

Originally Posted by Tim in Belgium

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!