1. plato said...

This is becoming exponential............

3. paul said...

Indeed plato. Maybe its going up as we speak!

5. Gotout2006 said...

I can't get it in my head WHY cant people pay there mortgages
intrest rate's have been low. I lost my business in the 70s recession but i still
paid my mortgage, sweet F A help from anyone.

7. Eternal Sceptic said...

Suits the government down to the ground, the inevitable foreclosures can be postponed, and make the ghastly foreclosure figures just ghastly instead of horrific. The deckchair rearrangement on the titanic is a stunningly apt analogy. Still if bankers are still getting obscene bonuses from essentially bankrupt institutions what is a sensible person to do? Max out borrowing to the limit and go bankrupt?
The situation is spiralling out of control. The public sector keeps bloating, while the real jobs that support it are racing into a blackhole of oblivion. Does any one with a degree of sanity really believe this can continue?
It has all gone way beyond the wit of man, much less witless politicians.

9. debtfree said...

Dear Bank,

I need a break from all this mewing and free money you've been lending, considering I only collect trolleys at Tesco.

The designer clothes, lazy fat wife, 4x4's to tow the speedboat and holidays in the sun have suddenly caught up with me.

Please aspect my stupid grovelling.

Regards,
Typical Labour Voter

11. last_days_of_disco said...

“Unfortunately, today’s financial climate is pushing three million more consumers down this road just to keep up with the cost of living or to cover holiday costs."

What!!!??? These people are being *forced* to do this to pay for their holidays, its terrible, how does one cope? So now little old me who has been carefully making sure I pay back all my debts is being used as the backstop for these feckless morons. My goodness, sooner or later this nonsense is going to go horribly wrong. I think its going to be sooner this time.

13. fjcruiser said...

http://www.telegraph.co.uk/finance/personalfinance/consumertips/3794949/On-the-dole-in-Henley-part-VI.html

15. jack c said...

debtfree (Thursday, December 18, 2008 08:12PM)

(1) Dear Mr Typical Labour Voter - thank you for your letter of today's date the contents of which we have carefully noted. As you may already be aware we as a Bank had a flawed long term business plan and as a result we required emerging funding from BOE as lender of last resort and a package of support measures from central Government. In view of this your letter has been passed to the Gov (our major shareholder) and they will respond to your query/request.

Yours, The Bank Mgr

(2) Dear Mr Typical Labour Voter - first of all my I say how honoured and privalged we are to have you as a Labour voter and hence the immediate reply to your query/request. In my 10 year tenure as C of Exchqr I was know as the "Iron Chancellor" or "Mr Prudence" and fortunately we are better placed than other nations to weather any downturn on the economy. We would suggest you carry on as before buying new designer clothes (bring back the feelgood factor) and help maintain a healthy UK economy as we are 70% dependent upon spending in the shops. Obesity is a concern as it will ultimately put a strain on the NHS - as a result we will pay your "Lazy fat wife" (your words not mine btw) to attend a fitness and diet "consultant" who will advise accordingly (vouchers worth £200 per month are in the post and are valid until your wife is no longer deemed clinically obese). We do not normally approve of of 4x4's (Chelsea Tractors) but as yours is specifically for towing your speedboat then why not consider a part exchange for new land or range rover - they are going cheap at the moment and just like you and the banks they will be getting a "bail out" very soon (we are good at these because we do so many of them). At the same time you will need to buy a new speedboat as the new shiny car will make the old boat look a bit err well shoddy. After completing all of this you will of course need a holiday which we would encourage you to take and to help with this we have devalued the pound dramatically and thus it now makes sense to holiday in the UK.

You mention that you are "only" a trolley collector at Tesco's - rest assured you are a valuable member of UK Plc and you will be able to continue with your celebrity lifestyle thanks to our shortly to be unveiled Tax Credits Extra (This benefit will initially only be available to Tesco employees who fall below the national average wage but wish to continue living like Simon Cowell) My sucessor as C of E Mr D will soon announce more benefits should the current stimulous package require bailing out (sorry I mean topping up) and this will be in the form of Government Club card Tax Credits. We recognise "every little helps"

I do hope you find my reply and guidance helpful and I have fully re-assured you that you can carry on as before - after all you only need to look at the labour partys very own finances (copies available on request) to realise "we are the safest pair of hands when it comes to finances and the economy"

Kind regards Crash G

17. gone-to-colombia said...

Let them crash and burn, I have no sympathy.
Step one in being an adult is to accept responsibility for one's own actions.
Step two is buying what you can afford and paying your debts.

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