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December 4 2022 7.50am

Cost of living

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View Badger11's Profile Badger11 Flag Beckenham 25 Sep 22 12.22pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Dubai Eagle


I also understood that one of the reasons for the 08 crash in the UK was that in some change of house loan lending guidelines mortgage seekers were then allowed to write their own salary certification letters to justify the size of the loan they required, rather than have something written by the company they worked for & supported by a P60 (as it had been in previous times) obviously if you give people a free hand to borrow in effect as much as they like problems are bound to result.


Exactly. The politicians have ducked their responsibility in this fiasco which is why they are so keen to dog whistle "bankers bonus".

 


One more point

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