Banks! Where's the money? I need to know NOW. (22)

Apr 12, 2018 2:54 PM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
I will try to throw some comedy into this thread, if I can. Unfortunately the subject is very un-funny and in some cases, has caused a lot of hardship and worse.
WHERE IS THE MONEY?
The financial crash of 2008, I believe was caused by (Apparently by Bill Clinton deregulating the banks) banks handing out mortgages to people who had little, if any, chance, or intention to repay them. This is the nub of the situation. Money, as I see it, is a bit like energy. It never (not quite) totally disappears, it just changes into something else. If you fail to repay your mortgage, the banks repossess your home. So, as I see it, the banks should now be in possession of a whole lot of property. The property, should be worth what it was when the mortgage was initiated. So, maybe I should be asking, "Where did all the repossessed property go?"
A guy I worked with a while ago, told me about a scheme (sorry, did that sound like scam?) where governments (typically British) created what he referred to as a "70 year debt". He was able to rattle off to me, all the events in history where there was some sort of financial crisis, allowing the current (then) government to penalise the population with punitive taxes. Does something here sound familiar?
So, government and banks, "WHERE'S THE (OUR) MONEY?"
Apr 13, 2018 7:06 AM CST Banks! Where's the money? I need to know NOW.
Rachie14
Rachie14Rachie14Stafford, Staffordshire UK1 Threads 3,289 Posts
"Where did all the repossessed property go?"

Sold to repay the debt.
Apr 13, 2018 8:19 AM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
Rachie14: "Where did all the repossessed property go?"

Sold to repay the debt.
Exactly! So if the debt was repaid, why are we still being penalised with austerity?
Apr 13, 2018 4:56 PM CST Banks! Where's the money? I need to know NOW.
Rachie14
Rachie14Rachie14Stafford, Staffordshire UK1 Threads 3,289 Posts
Hunkydoree: Exactly! So if the debt was repaid, why are we still being penalised with austerity?
We're not they are not a charity.
Apr 14, 2018 3:15 AM CST Banks! Where's the money? I need to know NOW.
Rachie14
Rachie14Rachie14Stafford, Staffordshire UK1 Threads 3,289 Posts
I am actually going to give you a full response. Every single person who takes on a mortgage knows those risks. In fact, you sign a contract saying you are fully aware of those risks.

The banks are only interested in recouping the monies they loaned to you, hence why repossessed properties often sell for a much lower price. The purchaser gains not the bank.

There are no entitlements in life, if you actually want to discuss austerity perhaps look towards why banks received bail out packages.

Apr 17, 2018 2:49 PM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
That seems a bit simplistic. The difference between the value of a property and what the bank recoups, can't be so very big, that it puts us all into such huge debt. Regardless of what everyone believes, I think we are being taken for a ride. The government can turn round and find money for all sorts of schemes, without there being an outcry of "WASTE, WASTE", "SHAME, SHAME". Take, for instance, the £1 billion for the DUP, in Northern Ireland. NOW, explain austerity. Please.
Apr 17, 2018 3:01 PM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
AND another thing. Population of Greece is approximately 11.2 million. The Greek national debt is approximately £230Bn. Meaning that every man, woman and child (including new-born babies) owe about £20,600.00 each. A household with a husband a wife and two kids, owes over £82,000.00. OWED TO WHOM?
Apr 18, 2018 2:27 PM CST Banks! Where's the money? I need to know NOW.
Rachie14
Rachie14Rachie14Stafford, Staffordshire UK1 Threads 3,289 Posts
Hunkydoree: That seems a bit simplistic. The difference between the value of a property and what the bank recoups, can't be so very big, that it puts us all into such huge debt. Regardless of what everyone believes, I think we are being taken for a ride. The government can turn round and find money for all sorts of schemes, without there being an outcry of "WASTE, WASTE", "SHAME, SHAME". Take, for instance, the £1 billion for the DUP, in Northern Ireland. NOW, explain austerity. Please.
Urm seriously?

The tories needed the majorty in the house. To get that they made an agreement with DUP . Simple as that.

This is no different to me than the bail out packages the banks can obtain.

But this has nothing to do with your own feelings on property reposession.

Perhaps ask the tories why the sold off all the council houses and did not reinvest in further property. Making the private landlords and associations a fortune at prices they charge for people who can barely afford them. Increasing the demand on housing benefit.
Apr 21, 2018 10:48 AM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
We would appear to be like-minded on certain issues. (AND at loggerheads on others) I, too, am disgusted with Tory policy on social housing and it is probably too late to reverse the trend. Seeing that wealthy landlords are the ones keeping the Tories in power. Never-the-less, the money given to the DUP (if so very easily found) could have been spent more wisely, on reducing the austerity bill and giving some poorer people a break from debt and insecurity.
Apr 21, 2018 12:38 PM CST Banks! Where's the money? I need to know NOW.
Rachie14
Rachie14Rachie14Stafford, Staffordshire UK1 Threads 3,289 Posts
Hunkydoree: That seems a bit simplistic. The difference between the value of a property and what the bank recoups, can't be so very big, that it puts us all into such huge debt. Regardless of what everyone believes, I think we are being taken for a ride. The government can turn round and find money for all sorts of schemes, without there being an outcry of "WASTE, WASTE", "SHAME, SHAME". Take, for instance, the £1 billion for the DUP, in Northern Ireland. NOW, explain austerity. Please.
That isn't true. Most of the property goes to auction. They are only looking for the monies they are owed. Which is why thru are so cheap.


It isn't just property that is a problem. It's lending beyond means and in today's economy they have changed it to the degree the average person cannot afford to get into the housing market.

To a degree the public is. We are made accountable for not paying our mortages. The banks get bailed out. But if we didn't do it we'd be in deep shit without a paddle. Not just in our own economy but world wide.

The DUP payment was so the tories remained in control of the country. Again if they didn't or another party didn't it would cause chaos. I would of opted personally for another election. May's bluff was called.

So what are you doing to change it besides you and I having this conversation?
Apr 22, 2018 1:35 PM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
Believe it or not, I have joined the PensionersParliament. I have not been to the first meeting yet, so can't comment yet. I will (given the chance) make it hot for wasters in the NHS, the government for not hammering the sugar lobby and police/government for allowing car manufacturers to fit DRLs (Daylight Running Lights) that do not focus and have stopped me from driving at night because of glare. I didn't realise how much it effected others until I stopped meeting people after dark. (That didn't come out the way I intended.) Other people complained that it was effecting their evening driving habits. My son included.
Apr 22, 2018 2:28 PM CST Banks! Where's the money? I need to know NOW.
Rachie14
Rachie14Rachie14Stafford, Staffordshire UK1 Threads 3,289 Posts
Hunkydoree: Believe it or not, I have joined the PensionersParliament. I have not been to the first meeting yet, so can't comment yet. I will (given the chance) make it hot for wasters in the NHS, the government for not hammering the sugar lobby and police/government for allowing car manufacturers to fit DRLs (Daylight Running Lights) that do not focus and have stopped me from driving at night because of glare. I didn't realise how much it effected others until I stopped meeting people after dark. (That didn't come out the way I intended.) Other people complained that it was effecting their evening driving habits. My son included.
I wish you a lot of luck. All the systems are broken. I have had the pleasure (not) of most of them.

I hope you make a better candiate than most PM'S who offer lip service and half the time they have no idea what you are talking about. This is because the people who design the systems will never have the need for them. To the rest of the world they look great on paper. But the reality is they simply do not function. They require a lot of work by those who do use them. I can name at least 5! Not including the ones you have mentioned.

Staff over worked, no longer care or give a damn. Resources pushed to breaking point and people getting lost in the system and they hope you will give up. It's mentally draining, exhausting..

The last one took me 4 year and a lot of my sanity!
Apr 23, 2018 6:48 AM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
I have a theory that there are people (departments) who will not admit that there is nothing more that they can do to improve their job. I am thinking about those people, like for instance, the people who draw up traffic regulations. If they say that they cannot do anything to improve the system, then they are out of a job. Tied in with that theory, is my belief that there are too many people who will not police existing regulations/laws, but just sit about thinking up new ones.
I could go on, but I think anyone reading these rants, will realise that the world is not a perfect place and some people (me included) would like to see some improvement. Governments do not seem to be the right people to do that. Good luck everyone.
Apr 23, 2018 12:25 PM CST Banks! Where's the money? I need to know NOW.
Rachie14
Rachie14Rachie14Stafford, Staffordshire UK1 Threads 3,289 Posts
Hunkydoree: I have a theory that there are people (departments) who will not admit that there is nothing more that they can do to improve their job. I am thinking about those people, like for instance, the people who draw up traffic regulations. If they say that they cannot do anything to improve the system, then they are out of a job. Tied in with that theory, is my belief that there are too many people who will not police existing regulations/laws, but just sit about thinking up new ones.
I could go on, but I think anyone reading these rants, will realise that the world is not a perfect place and some people (me included) would like to see some improvement. Governments do not seem to be the right people to do that. Good luck everyone.
Have you ever interacted with the departments? Ever sought justice?

Ever tried to do the right thing for others and to right an injustice?

These are not just departments. We are talking much much bigger than that.

Tip do everything in writing or record it. You will be doing this till you either lose your sanity or lose your last breath.

I have done it. I have taken them on and it took me 4 years and that is just one small part of much bigger divisions.

It will change others lives, but ask yourself this. How much of your life are you willing to give up? How often are you willing to hit your head against a brick wall? It will hurt your head. You will have to research laws and gain knowledge and often get ignored or delayed Because I promise you that will happen time after time. They will lie to you, twist facts. Make sure you have plenty.

You will question humanity, you will question yourself.. that's one small division of the government.

Good luck. You will need it.
Apr 23, 2018 2:12 PM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
Rachie14, thanks for your participation. I have enjoyed our spring cleaning. It is always good to get the cobwebs cleared away. I have similar discussions with friends and family. We call it "Setting the world to rights". Most of our discussion involved a fair amount of what we like to call, "Common sense". It would seem that people in power lack that very ingredient. I think they have all been promoted to their level of incompetence. Sadly for the rest of us, we suffer while they service their bank accounts.
Apr 23, 2018 3:00 PM CST Banks! Where's the money? I need to know NOW.
Rachie14
Rachie14Rachie14Stafford, Staffordshire UK1 Threads 3,289 Posts
Hunkydoree: Rachie14, thanks for your participation. I have enjoyed our spring cleaning. It is always good to get the cobwebs cleared away. I have similar discussions with friends and family. We call it "Setting the world to rights". Most of our discussion involved a fair amount of what we like to call, "Common sense". It would seem that people in power lack that very ingredient. I think they have all been promoted to their level of incompetence. Sadly for the rest of us, we suffer while they service their bank accounts.
They know, they're the people that remove resources. The staff lose moral and all social conscience. It becomes just a job, a means to an end. Because they're told that's how it is going to be.

The amount of funding has being reduced so much that people cannot cope with the demand and supply. Making it so Joe Public has to do so much more, fight hard and for long periods of time.

They rely on ignorance is bliss, the common response is talk to your MP. I have several times. I never seen him bring up once in a parliamentry debate anything I have said or push for change for the general public.

Some of us are not blinded by politics. It's about money and power. I have more of a conscience about what I do for living, yet realistically in the grand scheme of things it doesn't seem to matter. It isn't incompetence, they know what they're doing. It's a conscious decision made by people who will never know the reality impacts.

I did what needed to be done. It's all very well talking about it. But you've heard the saying talk is cheap. Sadly, that's true.
Apr 24, 2018 1:28 PM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
Yes you are right about "talk being cheap". That is true, if the talk is either deception or just an untruth. Talk can also be worth a lot. Living in Northern Ireland, we had approximately 30 years of social unrest, that was only overcome by talk. Most conflicts can be subdued with a bit of talk. Personally, I think the native Americans had the right idea. The peace pipe. I don't know what was in it, but it got a lot of credibility.

To Rachie14
Your writing seems to be influenced by some sort of bad experience. If you want to discuss something, to get it off your chest, so-to-speak. You could send me a private email. I am not prying into your private life, just offering a sounding board for discussion.
Apr 24, 2018 1:37 PM CST Banks! Where's the money? I need to know NOW.
Rachie14
Rachie14Rachie14Stafford, Staffordshire UK1 Threads 3,289 Posts
Hunkydoree: Yes you are right about "talk being cheap". That is true, if the talk is either deception or just an untruth. Talk can also be worth a lot. Living in Northern Ireland, we had approximately 30 years of social unrest, that was only overcome by talk. Most conflicts can be subdued with a bit of talk. Personally, I think the native Americans had the right idea. The peace pipe. I don't know what was in it, but it got a lot of credibility.

To Rachie14
Your writing seems to be influenced by some sort of bad experience. If you want to discuss something, to get it off your chest, so-to-speak. You could send me a private email. I am not prying into your private life, just offering a sounding board for discussion.
Life experience that's all. I know personally what it is like to take on these people.

It's all a bad experience, but for every single person who has to go through it. Most people would and do give up. I can truly understand why.

In an ideal world talking would fix everything, but we are all reliant on being heard.

People these days talk for the sake of hearing themselves, not to listen. I replied here because of your desire to know. Sometimes that warren hole is deep and dark. You never do quite come back out of it the same. Which is why I would always tell people to be prepared and let them know exactly what they are letting themselves in for.

But the truth is, nobody will know realistically until they have no other choice.
Apr 24, 2018 7:04 PM CST Banks! Where's the money? I need to know NOW.
FoxeyLady
FoxeyLadyFoxeyLadyRemedios de Escalada, Buenos Aires Argentina2 Threads 1 Polls 224 Posts


Ask him beer
Apr 24, 2018 9:11 PM CST Banks! Where's the money? I need to know NOW.
Hunkydoree
HunkydoreeHunkydoreeKircubbin, Down UK7 Threads 32 Posts
You have my total support. Legal aid comes nowhere close. People would say, "Pull yourself together." Reality, is never near the truth. There are always clichies (sp) that describe situations that can either be avoided or encompassed. A bit surreal, but all I can offer at this time is a listening ear.
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