footballers who are unsuccessful are not paid well. bankers who fail are rewarded despite failure. and footballers aren’t gambling with our money on a daily basis, thinking that they know what they’re doing.
Really? So none of these footballers borrowed loads of money to invest in speculative property developments in Dubai? [that they thought would make them millions but went bust) None of them have other “business interests” in highly leveraged scams?
No bank ever forced anyone to take a loan. People insisted on them and complained they couldn’t borrow more. It’s always easy to blame “the man”, especially if you’re simple and didn’t do so well at school. The truth is that the average plumber (with self-cert mortgage he’s defaulting on) and middle class family (with three buy-to-lets that they’ve just handed in the keys to) has more to do with this crisis than the banking industry.
Collective greed led to a credit bubble: people borrowed too much and now can’t pay it back. Why is it the banks fault you can’t repay what you owe them?
