What is it with these lefties and the Jew-baiting?

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Originally Posted by World's End Stella

I had a rather robust exchange with his Royal Highness Ian of Harvey on Facebook about the banking crisis. No matter how hard I tried I could never get him to understand, or at least admit he understood, that the banks who lent irresponsibly were lending to people who were borrowing irresponsibly, and that those people were also to blame.

Nope, it was the banks. People, provided they are working class, are always the victims. I expect Jeremy and Ian would get along famously.

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The banks are supposed to do checks so they don't lend to people who are borrowing irresponsibly... that is why it has all been tightened up as they weren't doing the checks

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Originally Posted by Pokster

The banks are supposed to do checks so they don't lend to people who are borrowing irresponsibly... that is why it has all been tightened up as they weren't doing the checks

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Yes, that's true, but that doesn't change the fact that people who borrow irresponsibly are part of the problem as well.

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Originally Posted by World's End Stella

I had a rather robust exchange with his Royal Highness Ian of Harvey on Facebook about the banking crisis. No matter how hard I tried I could never get him to understand, or at least admit he understood, that the banks who lent irresponsibly were lending to people who were borrowing irresponsibly, and that those people were also to blame.

Nope, it was the banks. People, provided they are working class, are always the victims. I expect Jeremy and Ian would get along famously.

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Well if socialists believed in individual responsibility, they wouldn't be socialists, would they? The fact that Mr Harvey is a Corbynista can hardly surprise anyone, can it? It's as though Labour had shaped the party perfectly to fit him.

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Originally Posted by Sir C

Wait, I'm doing hima disservice, he's got a completely new radical strategy:

Tax and spend, tax and spend, tax and spend.

The man is an economic genius.

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This National Investment Bank appears to be the new name for the Magic Money Tree.

A bank run by socialists - can you imagine? :hehe:

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Originally Posted by World's End Stella

Yes, that's true, but that doesn't change the fact that people who borrow irresponsibly are part of the problem as well.

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You can only borrow if people/banks are willing to lend it to you... if they lend to people who (if they had done their checks) will struggle to repay the loan, then it can't be a shock when those people default

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Originally Posted by Burney

Well if socialists believed in individual responsibility, they wouldn't be socialists, would they? The fact that Mr Harvey is a Corbynista can hardly surprise anyone, can it? It's as though Labour had shaped the party perfectly to fit him.

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I miss Peter

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Originally Posted by Burney

One of the leaders of Momentum appears to have been criticising the use of the word Holocaust to define the death of 6 million Jews, claimed more Gypsies per head of population were killed; said she cannot find a definition of 'anti-semitic' she's happy with and criticised Holocaust Memorial Day for not recognising 'other Holocausts'.

Shami Chakrabarti's gonna need a bigger bucket of whitewash. :hehe:

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Perhaps they want to appear more European? My in-laws talk that way all the time.

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Originally Posted by Pokster

You can only borrow if people/banks are willing to lend it to you... if they lend to people who (if they had done their checks) will struggle to repay the loan, then it can't be a shock when those people default

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True, but banking is a business not a social service.

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Originally Posted by redgunamo

True, but banking is a business not a social service.

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So lending to a bad risk customer without doing the checks is a bad business idea.....

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Originally Posted by Pokster

So lending to a bad risk customer without doing the checks is a bad business idea.....

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If they don't pay up, then yes. Obviously. However, if even feckless ********s like me always make sure to pay their bills on time and in full, it's clear a certain amount of risk is more than worth it. Otherwise it's probably the *wrong* business, rather than merely bad business.