Wednesday, February 6, 2008

Symptoms of a Sick Society?

Debt juggernaut rolls us into a madhouse

Even the Financial Services Authority, the regulator that's so dozy it failed to spot the cracks in Northern Rock, has woken up to the debt threat. Last week, it warned: "We are concerned that many consumers are ill-prepared for a deterioration in economic conditions and may have placed too much reliance on their ability to depend on cheap credit and housing wealth."

Posted by quiet guy @ 09:19 AM (385 views)
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