BrainKing - Discussion boards (Politics)

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Politics

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17. March 2009, 09:02:35

Mort

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Subject: Re:first of all these banks were forced to make bad loans

Modified by Mort (17. March 2009, 09:07:18)

Vikings: Nope, I disagree on that. Seeing as we've had alot of incidents over here regarding banks, and some inquiries have been made.. and some whistle blowers have blown.

Much of the banks mess is due to their greed and recklessness. Eg.. one of the banks we've had to save over here was due to it ignoring warnings from it's own risk assessment team..... they even bought a bank (or part of) without having a full accounts statement from them.

As for government corruption... that's why need revolution, and in some form it is happening... at least over here thanks to the freedom of information act.

Btw.. one building company went broke yesterday... didn't help that they bought a ruby worth over 10 million pounds just two years ago... No news over if they will sell it to bail out the company, seeing as the business is only short £2 million (approx) technically looking at it is owed £2 million from work done.