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Bit of a chicken/egg situation really, none of those methods would have been available if the money from USA wasn't so cheap. It was very much a case of banks pushing credit into society then people accepting the offer. Once people became aware of the fact so much cheap money was available...

Yes that's true, but it was at govt urging that the NINJA loans got started, all that was created by Greenspan keeping rates too low to help the DOW raiders. In a way I am not so teed off with that, my main beef is with the merchant bankers who gear way beyond sensible business practise...

Hi Aaron, Not suggesting that all banks should be nationalised but they seem to want the debts to be nationalised and the profits to go to the managers and shareholders. We need a balance, if they need Govt money to survive then they are insolvent, they must be recapitalised, lets do it to...

100% of it, the bankers of the world just keep screwing people, the only place they got trimmed was in the UK when the Govt saved the RBS but only if they took ownership. All this free money should not be loans, it should be an equity raising, the bank stock should be suspended and refinanced...

It really is a joke isn't it, they have screwed every country in Europe and the UK so now they want the rest of the world to fund the bankers bonuses this year. International bankers have become the biggest threat to world peace IMO