[cashman]

Originally Posted by Taggy

I really do think that too much focus is being placed on individual debt....but then again, this is what the powers that be want us to do! The main problem has been the total greed, incompetance and irresponsibility of the Bankers and Fund Managers. They have not only encouraged individuals to borrow more than they could afford, but have put their own companies at risk by overvaluing assets and order books in order to finance a corrupt bonus system, built purely on short term gains. Why should the Government lend to the banks, if these banks then refuse to lend responsibly back to us? This is why i feel it was wrong to bail them out in the way that has been carried out. It is not the Banks the Government should have helped....some of them should have been left to flounder in their own greed....its the private buisnesses and individuals whose money should have been fully protected against a banks collapse. The Banks are taking the Bail out cash but are not accepting any responsibility for their actions...and no one is making them. Whilst this remains the case, nothing will change, because the same mistakes will occur again. Things cannot alter without change, and the banks and finnanicial institutions dont want change! As always it will be the "little man" in the Street who is left to shoulder the blame, the debt and the responsibility!

Best Regards - Taggy

good post taggy spot on IMHO.