For the 6th / 7th / 8th time, it was not borrowers that broke the system. Where did I say that? It is simply that some borrowers did contribute to the amount of breakage.
After piss taking condescending nonsense, you said my experience had coloured my opinions. The latest slur from you.
Iâm amazed at how people keep on missing this point, even though weâve both repeated it ad infinitum.
Originally posted by @Bucks
For the 6th / 7th / 8th time, it was not borrowers that broke the system. Where did I say that? It is simply that some borrowers did contribute to the amount of breakage.
After piss taking condescending nonsense, you said my experience had coloured my opinions. The latest slur from you.
Here are your specific points on the issue. You do say that the bankers were mostly to blame, but Iâve taken the liberty of highlighting the bits where youâre blaming the borrowers.
2). It was not all the fault of âthe bastard bankersâ. Some members of the public had plenty of involvement in the failure of the likes of Northern Rock. Hefty mortgages and personal loans to feed unrealistic spending desires led to record numbers of defaulters. Could all the banks have had tighter lending policies? Should the regulators have done more to stop people getting into mountains of debt? Yes to both. But some institutions collapsed, while others lost hundreds of millions, because consumers borrowed money they could not afford and did not pay it back.
I agree banks were mostly to blame. **But there is no escaping that some individuals borrowed more than they should, aided by less than 100% accurate applications, or by ignoring the âwhat ifâ implications if their earnings ever dropped, or if the housing market did not always keep rising, or even any sort of consideration of âdo we really need another faux leather sofa for the gardenâ. To say that no individual has any responsibility for what they borrow is another symptom of what RallyBoy correctly identified, as our ever increasing blame culture. **
Heâs not saying heâs not blaming some of the borrowers, he is? What heâs saying is that these borrowers contributed, along with poor self-regulation and fuck ups by the banks, to the banking collapse?
You seem to be going round in circles Pap?
Thanks for confirming what I said all along. Some borrowers contributed to the problems. 360 Pap.
Originally posted by @Bucks
Thanks for confirming what I said all along. Some borrowers contributed to the problems. 360 Pap.
I found the amount of words you dedicated to the smallest aspect of the problem fascinating.
Would have been a lot less if some people had not been so obtuse.
Originally posted by @Bucks
Would have been a lot less if some people had not been so obtuse.
I think youâre conflating that with a general unwillingness to accept the same things as fact or indeed, even legitimate. Iâm not slow to understand. Some people may be questioning how someone in your profession can come out and bat for the system. having repeatedly had to deal with its failures, but I completely get it.
I mean, how much fun can it actually be to continually deal with people that are about to lose everything? Itâs a coping mechanism, and while Iâm certain that it has been professionally essential, it has less value in a debate on the true causes of the financial crash.
I know, letâs have a game of who can have the last word on a debate that is far past its conclusionâŚzzzzzzz
Dude, the thread is called âTories in trouble?â
I think it has a while to run yet, as does the âNew Old Labourâ one.
Just talking the cause of the banking crisisâŚas you well know.
Originally posted by @Chertsey-Saint
Just talking the cause of the banking crisisâŚas you well know.
It seems we have discord there too then. 
Iâm glad to have you back, Cherts, but just to be clear, you didnât gain any "this muthafuckinâ discussion is ovah, motherfuckas" privileges on re-entry.
One could almost accuse you of attempting to stifle debate 
Originally posted by @pap
One could almost accuse you of attempting to stifle debate
Now I know personal insults are back in, may I take this opportunity to say: fuck me, Pap, you really are a provocative dick sometimes. 
I love a ruck
I know 
Thank you.
EDIT:
That was largely aimed at Cherts, btw. He parroted the stifling debate line before having a break. You are still 100% correct though.
Gentlemen, Ladies⌠as long as you kiss and make up than fair enough. But for sensitive souls such a Cracked Rib, cant cope with the hostilityâŚI escaped from SWF to find piece and harmony⌠is this illusion about to be shattered? 
Donât worry Cracked Rib, we love each other really!
Weâve had rucks before and we get over them. We need a game and some matchday beers.
Phew⌠was about to weep into my Lugavulin single cask edition⌠now I can enjoy it as you provide a virtual love in.
OK, I missed that, so will take it on board in my final report, but statement still stands.
Now can you hurry up and upload those two new emoticons?! It pains me to use the wink every time!