martes, 20 de enero de 2009

sábado, 10 de enero de 2009

The bubble has burst!

How long did we expect this fake economy to last anyway?

Some of you may remember before this freaky "boom" how hard it was to approach a bank manager. To get a bank loan, you had to prove you didn't need it cause you already had enough assets to meet the value of the loan you needed. Bank managers playing God. If you don't, then lucky you cause you won't feel as hard done by as those who were in the market before the BIG LIE!
Suddenly banks are begging us to take mortgages and loans without worrying about how or what means you have to pay it back. (A bit suspicious right?) Bombarded with bank letters offering loans and low cost repayments, you decide on how much and how long you will take to pay it back. A lot of people fell in the trap, what a shame they didn't meet the bank managers before we all went spacers. So are the banks crying now? - Sod them! They taught many of us a great lesson on time before we trusted them and got trapped in their silly bubble which has just burst with a big bang along with all their " construction contracts". Too many eggs in one basket bankers. But I'm sure you have lots of assets and properties and guarantees to keep yas goin'!