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Old 23-01-2008, 12:50   #29
NitroNutter
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Re: Is reccession in America about to start?

Quote:
Originally Posted by Osem View Post
I suggest we all panic large, led of course by the trusty media - that'll help the situation....
Why would anyone want to panic, no one has allowed the banks financial and mortgage advisors to talk them into placing themselves into the position where by their secured debts and any associated payment protections are costing them more than 1/4 of there net income while being on or below the national average wage have they ?

If so then I suspect the FSA may be getting a lot more calls, the potential for similar suits to the ednowment ones maybe in order, meaning banks could end up footing some seriously large bills for their folly, which they would then of course have to pass those costs on to everyone else to remain profitable, meanwhile the tax payeres also end up footing the bill for all the associated legal fees and in which case we may as well all spend the last of our moolah on the renting of a bulldozer and then tell the banks to take the house back.

One does have to wonder as overall crime wave trends tend to follow in similar oposite lines to economic state trends of which does of course stand to reason, whats going to happen if this is a more serious downturn and the prisons are by all accounts bursting at the seams now that they are having to let out some who it would be prefered to not allow premature ejaculation from being behind bars ?
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