PulpFiction Posted December 14, 2005 Share Posted December 14, 2005 Repo's up in Manchester, report from the news blog North west Euro MP Chris Davies fears this could signal recession and is calling on Chancellor Gordon Brown to take urgent action. "Their credit cards have kept the high street boom going and their mortgages inflated the housing bubble. But people are starting to tighten their belts," Mr Davies is calling for a payments protection insurance to provide a safety net for borrowers who can't meet payments. I'm sure GB will be quite willing to dip his hand in his pocket and help the numpties who borrowed more than they could afford to pay back. Quote Link to comment Share on other sites More sharing options...
BearLite Posted December 14, 2005 Share Posted December 14, 2005 'Mr Davies is calling for a payments protection insurance to provids a safety net for borrowers who can't meet payments' Closing. Stable door. Already bolted. Quote Link to comment Share on other sites More sharing options...
benjamin Posted December 14, 2005 Share Posted December 14, 2005 villagers looking for an idiot Quote Link to comment Share on other sites More sharing options...
stu Posted December 14, 2005 Share Posted December 14, 2005 Borrowers who can't meet their payments should have their goods and property siezed & sold, they are basically stealing by buying something they cannot afford to pay for. If there's anything still outstanding it should be siezed from their future wages along with National Isurance. If their wages are too low for this they should do community services until the have worked off the money. see how they like paying off £120K on £5.20/hour, this should help them learn the value of money. If I have to pay for this bubble out of my pocket I'm off to the US. I'll take my county council funded honours degree with me and go and create some jobs in a country where sponging morons pay for their own mistakes. Quote Link to comment Share on other sites More sharing options...
PulpFiction Posted December 14, 2005 Author Share Posted December 14, 2005 Borrowers who can't meet their payments should have their goods and property siezed & sold, they are basically stealing by buying something they cannot afford to pay for. If there's anything still outstanding it should be siezed from their future wages along with National Isurance. If their wages are too low for this they should do community services until the have worked off the money. Amen to that! Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted December 14, 2005 Share Posted December 14, 2005 (edited) 'Mr Davies is calling for a payments protection insurance to provids a safety net for borrowers who can't meet payments' Closing. Stable door. Already bolted. Maybe you are missing the (inteneded) joke BL. After all, isn't "a safety net" what PPI is supposed to be all about? Sadly it is gonna take 9 months for the OFT to rule on that one ( http://www.housepricecrash.co.uk/forum/ind...ndpost&p=251923 ) Edited December 14, 2005 by Sledgehead Quote Link to comment Share on other sites More sharing options...
El_Pirata Posted December 14, 2005 Share Posted December 14, 2005 "Mr Davies is calling for a payments protection insurance to provide a safety net for borrowers who can't meet payments." So borrowing becomes free money, essentially. Moron. Quote Link to comment Share on other sites More sharing options...
Once in a lifetime Posted December 14, 2005 Share Posted December 14, 2005 (edited) A good point to make is how the Government has shown it’s concern For the ‘sipps suckers’. Do the bulls really think Blair cares? Or can/will do anything about it? Today’s news on this site feels like reality has just started to wake-up. Is it getting crash-e-er in here or is it me? Edited December 14, 2005 by burnt before Quote Link to comment Share on other sites More sharing options...
BearLite Posted December 14, 2005 Share Posted December 14, 2005 Maybe you are missing the (inteneded) joke BL. After all, isn't "a safety net" what PPI is supposed to be all about? Sadly it is gonna take 9 months for the OFT to rule on that one ( http://www.housepricecrash.co.uk/forum/ind...ndpost&p=251923 ) I guess I am missing the joke Sledgehead. I agree that PPI is a rip off too. I'm just thinking it's too late now because the damage has been done. How can you add insurance onto something if the risk has already been realised? Or is it just a request for government aid dressed up? Quote Link to comment Share on other sites More sharing options...
padders Posted December 14, 2005 Share Posted December 14, 2005 Insurance != bail out. Insurance is when they *might* get made redundant, not when they have been made redundant. Quote Link to comment Share on other sites More sharing options...
libitina Posted December 14, 2005 Share Posted December 14, 2005 I'm sure there would be some get out clause in the smallprint. There always is. Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted December 14, 2005 Share Posted December 14, 2005 "Mr Davies is calling for a payments protection insurance to provide a safety net for borrowers who can't meet payments." It`s already in place PPI for those who overspend and then can`t pay is Bankruptcy. Quote Link to comment Share on other sites More sharing options...
Take me to the cleaners Posted December 14, 2005 Share Posted December 14, 2005 Borrowers who can't meet their payments should have their goods and property siezed & sold, they are basically stealing by buying something they cannot afford to pay for. If there's anything still outstanding it should be siezed from their future wages along with National Isurance. If their wages are too low for this they should do community services until the have worked off the money. No! They should be put through a mincer, turned into dog food and sold on Bermondsey Market. Quote Link to comment Share on other sites More sharing options...
nobody Posted December 14, 2005 Share Posted December 14, 2005 I'm sure GB will be quite willing to dip his hand in his pocket and help the numpties who borrowed more than they could afford to pay back. GB is one of the numpties Quote Link to comment Share on other sites More sharing options...
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