• Home
  • About
  • Debt Help Video Tips
  • Debt Help Book Store
  • Contact Us
  • Yatra Checkout
  • Yatra Cart
  • Yatra My Account
  • Yatra Thank You
  • ERC Whistle Blower

AC Miller Marketing

Resources, Tips, & Advice

  • Featured Articles
  • Debt & Credit Free
  • Debt & Credit Information
  • Debt & Credit Tips
  • Debt Help News
  • Yatra Checkout
  • Yatra Cart
  • Yatra My Account
  • Yatra Thank You
  • ERC Whistle Blower

Where The Banks Have Gone Wrong


Leave a Comment

It would be very simplistic to place the blame for the global financial crisis at the door of one financial sector, or at the feet of any organisation operating within that sector. The reason why the finances of so many major countries are now unstable cannot be pinned down to one thing, but part of it is certainly attributable to unwise lending by banks and other financial institutions. While it could not securely be argued that this was what caused the financial crashes we have seen, there is no doubt that it hasn’t helped.

Quite apart from anything else, there is a sense that risky lending looked like a good idea for the banks and risky borrowing looked like a great idea for the customers up until very recently. For the banks, the idea was that the risks would bear greater rewards as money made more money and for the customers it seemed to be a case of all their Christmases coming at once. As it turned out, there were big warning signs that everyone ignored – leading to the banks having tons of bad debt on their books and the customers being hamstrung in a place where they suddenly had greatly reduced means and a raft of payments to meet.

There are other reasons for this crash, of course, and no-one would try to deny this. But the upshot for most of us is that banks will not be so free with their money, so borrowing from now on has to be extra diligent.

Filed Under: Debt & Credit Free

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

https://www.youtube.com/watch?v=72RAKcito3k

Recent Posts

  • Mortgage reperformance bearing up, other consumer debt woes rising – National Mortgage News March 23, 2023
  • FREED & Castler Partner To Build A Trustworthy Solution For The $16 Bn Indian Consumer Debt Market – CXOToday.com March 22, 2023
  • How to use personal loans to consolidate debt – WCNC.com March 21, 2023
  • Facing A Personal Debt Crisis? Manage Your Way To Financial Freedom In 2023 – Forbes March 19, 2023
  • Shrinking savings and rising debt leave consumers on shaky financial footing – NBC News March 18, 2023
  • ‘Indebted’ podcast explores high cost of personal debt in South Carolina – KASU March 17, 2023

Copyright © 2023 · Designed by Amaraq Websites · Privacy Policy