#144

Banks are still too big to fail.

They might be a bit more careful with lending now, but they can still throw us under a bus again and there’s nothing we can do about it.

#145

This is just what he wants you to think.

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#146

I think it’s fair to say a lot on middle-class people are struggling now as a delayed consequence of the housing boom in the mid-2000s.
As mentioned, I worked at a bank during this time, and literally every other customer who came in to a branch was persuaded to re-mortgage their house. It was like millions of everyday people in their semi-detached house got a £30, 40k cash bonus.
Nowadays everybody is paying what their house is worth, with no opportunity to get a cash injection (other than additional debt), so they are squeezed.
It was such a short-term view, but the people cashing in at the time, and the banks, didn’t care one bit. Pure greed.

#147

I think there is another crash on the way, my prediction is it will start in 18 months, house prices seem to be stuttering and companies seem to be focusing on cost saving rather than expansion, combine this with automated revolution, things could get tough

#148

If it wasn’t going to happen before, it certainly will now with Brexit.