Archive

Archive for June, 2013

Payday Loans Firms Face Competition Inquiry #RBS #Lloyds #Cable #loanshark


English: Cash Advance, Payday Advance Store Ou...

English: Cash Advance, Payday Advance Store Outlet in Toronto downtown. (Photo credit: Wikipedia)

Payday Loans Firms Face Competition Inquiry.

Well this is a refreshing start.

But I could save everyone a lot of time and money by letting you know that if our high street banks started to support ‘individuals’ in their time of need by lending money at sensible rates, the payday industry would simply disappear.

After all it’s not rocket science, just common sense.

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Another long, long, long summer ahead #austerity #Merkel #Greece #Spain #Italy


Christmas in the post-War United States

Christmas in the post-War United States (Photo credit: Wikipedia)

So what’s changed since my original article in May 2012?

Not a lot really, other than Italy is about to explode with reportedly huge derivative losses approaching expiry. Hotly denied by the Italian government of course.

There is only one answer of course to the global mess, which is the good bank, bad bank theory……leave all the rubbish to your great great great grandchildren, stick interest rates up, lob Basel III in the bin, start lending again and get on with it.

Unfortunately there are no major global sporting events to look forward to this summer…

Oh well, it’s nearly Christmas…

Common sense, just common sense.

The six executives responsible for Co-op Bank’s troubles | Business | guardian.co.uk #savers


English: Walshaw, old Co-op At the junction of...

English: Walshaw, old Co-op At the junction of High and Bank Streets. According to the plaque, part of Bury District Co-operative Provision Society, 1891. Department names above the windows are butcher, news room, clogger and grocer. Part of the building is now occupied by engineers. (Photo credit: Wikipedia)

The six executives responsible for Co-op Bank’s troubles | Business | guardian.co.uk.

Another hit for savers as they are ‘bailed in’

No tax payer money will be used to rescue the bank, but if you are a tax paying pensioner, you lose out whatever happens?

Wonder if those responsible will be held to account financially?

Drop in business loans raises doubts over funding for lending scheme #surprised #commonsense


Drop in business loans raises doubts over funding for lending scheme | Business | The Guardian.

 

Here we go, another example of how much the authorities are out of touch with the real economy, the real world and real people in the UK.

 

Common sense, good bank, bad bank.

 

 

Loans

Loans (Photo credit: zingbot)