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nero
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nero is offline
Central Scotland
Joined: Aug 2009
Posts: 4,346
nero is male  nero has posted at least 25 times and has been a member for 3 months or more 
 
05-10-2009, 05:42 PM
1

Building societies are greedy

There's a program on TV just now titled "pure greed" it goes into detail of how the building societies granted loans to people knowing they'd have difficulty paying them back, the banks gave the societies the cash because some had not been informed fully as to the financial circumstances of the borrowers.

This has now been fixed, legislation has been passed so banks have to scrutinise every loan before it's granted, question, . . why did banks have to be legislated in this way ?
 

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