04/27/2008Do you think the Credit Crunch is all just a Big Marketing Ploy?
- Do you think the Credit Crunch is all just a Big Marketing Ploy?
- Best Answer:If you own a property then wait until it's worth nothing, then answer the question yourself.
If you don't own a property wait until you are made redundant, then answer your own question.
Or maybe you are just too young to remember similare situations in the past.
Anyway, marketing ploy by who? Marketing is intended to increase sales. Or didn't anyone tell you that. Who's sales are going to increase by this marketing ploy? The Banks, LOL.
Now ask a sensible question based on some basic knowledge
Night night
- Answer:Not to be overly political, but the nation's present credit crunch is a direct by-product of assigning inexperienced people to head key government agencies. The credit crunch crisis is a result of political cronyism at its worst - although the government's handling of Hurricane Katrina is certainly right up there.
Can someone help me down off my soap box now?
- Answer:No, the banks have really tightened their purse strings.
I know lots of people who have applied for mortgages, loans and credit cards with a big 'no way' thrown back at them.
This is the start of bigger things I am sure. If you have a few thousand on your credit card then its gonna take you for ever to pay it off as getting a better deal dispute your credit rating will be nearly impossible to do.
- Answer:The expression "credit crunch" gets on my nerves because it sounds, like so much stuff in the financial world, like some kind of game, when we are really talking about people losing their homes.
Whether the people who borrowed the money were stupid or whether they were conned by clever mortgage lenders doesn't really matter - real people are suffering.
- Answer:Massive big marketing ploy, along with global warming, world poverty etc etc - Doh!
- Answer:No, its the end of the party
The UK economy is not always as rosy as the last 10 years