I wish I had paid more attention in my Economic lessons because then I might have some understanding on what this ‘credit crunch’ thing is all about. In a nutshell I believe the problem was that Banks around the world (mainly in the US) lent money to people who had no way of paying it [...]
I hear that banks controlled by the public which do not lend the public money to the public will have to pay a fine using public money. Ministers, in their ultimate wisdom, believe the only way to get the credit system moving again is to give billions of pounds to the banking sector and then [...]
I was going to make some long winded post about the whole financial crisis but there are just so many things that are just beyond me. So, please find following a few thoughts and pictures so I can get a few things off my chest. As much as I hate Gordon Brown could you imagine [...]
My eldest daughter started secondary school last week. Not the school we would have preferred, not the nearest and not the school where all her friends were going. The reason we could not get our preferred choice is that over the last 2-3 years neither myself or Mrs Moose has gone to church. You see, [...]
Last week Zoom, the discount airline, went bust. They blamed high oil costs and the credit crunch. They didn’t, of course, blame the fact that they were so desperate to undercut the ‘big boys’ that the prices they charged their customers were simply not enough to cover their costs. I may be doing their management [...]
