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Have the banks learned their lessons?

Discussion in 'BlackHat Lounge' started by spaceinvader, Mar 24, 2009.

  1. spaceinvader

    spaceinvader Regular Member

    Jan 28, 2009
    Likes Received:
    Slave to money
    in Sin
    Have the banks learned their lessons? Have they matured and gained wisdom from the mistakes that have been made?

    I don't think so; I had a discussion with my bank recently because i am struggling to make repayments. Two weeks later i get a letter telling me they have approved me for a £8000 loan, the money is waiting... all i have to do is sign. Same bank who i have just told that im on the verge of bankruptcy...

    Any one else noticed that they have not learned a thing? and they are still trying to push credit on people? Even if those people have slim hope of paying it back... Irresponsible doesn't cover it, they are insane.

    **reminder: no political debate on this please**
  2. jasonac2

    jasonac2 Junior Member

    Nov 23, 2008
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    Well, your location says Liverpool, and in the UK it's a bit different. I don't know your current situation, but the banks in the UK are able to give credit now more easily. But still, you know more about yourself than I do :p

    As for the US, I think they haven't. They're too stupid and greedy. I don't understand how some people are in $30,000 in debt with interest rate of 16%, then the bank RAISES their interest rate to 32%, making it even harder for these people to escape debt. The bank is going to get less money if these poor people file for chapter 12.

    This is why I love Canada's "socialist" ways.