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Old Oct 9, 2007 | 12:40 PM
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Porkie
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Default Re: Sub Prime Lending

Originally Posted by neilm
Originally Posted by matts1
Just watching something on this now

You have people on benefits, no jobs, no ability to work, yet jump at the chance to buy their council house, greedy fekers jumping at the chance of getting us to pay for thier house.

Admiting they had to lie about this that and the other to get it and now they are in a mess, they are crying and saying it is unfair

Whoah Whoah Whoah Whoah whoah..... just hold on there....

The two familys that were shown in that program were NOT greedy fekers jumping at a chance of getting us to pay for their house(I cant believe I just read that )

These people were clearly conned by unscrupulous sales people who exploited their low intelligence and lack of financial understanding.

If you are sitting watching the TV and someone knocks at your door and tells you that you could own the house for the same money you are paying in rent then why shouldnt they take what they see as an opportunity to get on in life.

They werent out there touting for a mortgage or on the street ramping up huge debts on credit cards living beyond their means buying huge plasma TV's and the latest mobile phones, driving cars they could never pay for.

They were just ordinary working class people trying to get by and some con man knocked on their door.

Where the system failed them was that the Council should never have sold them the house in the first place without making sure they could pay for it.


I must say your complete mis-understanding of this situation just confirms that we are just a nation of fuckwitts.




The outrageous thing and the most shocking was the people doing all this dodgy lending were linked DIRECTLY to main stream lenders like Brittania Building Society and Lloyds TSB Bank.

Now that is a crime
Glad someone had a brain....
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