Monday, April 14, 2008
At the Credit Crunch Coalface: credit pushers et al finding life tough
Article in the Times interviews various parties to the housing boom to see how the credit crunch is impacting on their business. The bank manager says: "My main frustration is that people don’t always fully understand the issues and tend to become worried by headlines. We have seen requests from savers to split their balances across providers so that they are separately covered by Financial Services Compensation Scheme but we try to reassure them that it is unnecessary". Yeah, sure it isn't. My sympathy is short - except for the poor debt counsellor who is experiencing record volumes of calls for help.