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	<title>The World According To Moose &#187; Overdrafts</title>
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		<title>Credit Crunch Thoughts</title>
		<link>http://www.moosealmighty.co.uk/banks/credit-crunch-thoughts/</link>
		<comments>http://www.moosealmighty.co.uk/banks/credit-crunch-thoughts/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 18:20:29 +0000</pubDate>
		<dc:creator>Moose</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Current Affairs]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Banking Institutions]]></category>
		<category><![CDATA[Bp]]></category>
		<category><![CDATA[Credit Cards]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[David Cameron]]></category>
		<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[Gordon Brown]]></category>
		<category><![CDATA[House Prices]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Interest Rate Cuts]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[Overdrafts]]></category>
		<category><![CDATA[Thomas Jefferson]]></category>

		<guid isPermaLink="false">http://www.moosealmighty.co.uk/?p=107</guid>
		<description><![CDATA[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 [...]]]></description>
			<content:encoded><![CDATA[<p>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.</p>
<ul>
<li>As much as I hate Gordon Brown could you imagine David Cameron in charge at the moment?</li>
<li>Why have the government demanded Banks keep loans to homebuyers at 2007 levels? Wasn&#8217;t that the reason we are in this problem?</li>
<li>This bail-out thing &#8211; when and how do we get our money back?</li>
<li>Who the hell would put their life savings in an Icelandic bank for the sake of an extra .25% interest rate?</li>
<li>How does Gordon Brown think he can stabilise house prices when they are still over-priced by 10-20%?</li>
<li>Let me get this straight &#8211; the Government has given the banks MY money so they can lend it back to me with interest? (fact is stranger than fiction).</li>
<li>If you are wondering where the money has gone, look no further than BP with profits of £1200 a second. So we privatised BP and nationalised the shitty banks. Thank God for politicians who obviously have brains the size of planets.</li>
<li>If the Government want to pass on interest rate cuts to the public why are banks (some of which have had OUR money used to rescue them) still charging up to 30% interest on approved overdrafts and horrendous amounts on credit cards.</li>
</ul>
<p><img class="alignleft size-medium wp-image-113" style="margin: 5px;" title="Thomas Jefferson" src="http://www.moosealmighty.co.uk/wp-content/uploads/2008/11/tj.jpg" alt="" width="68" height="95" /> &#8216;I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.&#8217;<br />
Thomas Jefferson 1802</p>
<div id="attachment_114" class="wp-caption aligncenter" style="width: 510px"><a href="http://www.moosealmighty.co.uk/wp-content/uploads/2008/11/lehman.jpg"><img class="size-full wp-image-114" title="Lehman Brothers employees staging a protest" src="http://www.moosealmighty.co.uk/wp-content/uploads/2008/11/lehman.jpg" alt="Lehman Brothers employees staging a protest" width="500" height="309" /></a><p class="wp-caption-text">Lehman Brothers employees staging a protest</p></div>
<div id="attachment_115" class="wp-caption aligncenter" style="width: 510px"><a href="http://www.moosealmighty.co.uk/wp-content/uploads/2008/11/wallst.jpg"><img class="size-full wp-image-115" title="Sympathy for Wall Street" src="http://www.moosealmighty.co.uk/wp-content/uploads/2008/11/wallst.jpg" alt="Sympathy for Wall Street" width="500" height="333" /></a><p class="wp-caption-text">Sympathy for Wall Street</p></div>
<div id="attachment_116" class="wp-caption aligncenter" style="width: 510px"><a href="http://www.moosealmighty.co.uk/wp-content/uploads/2008/11/dollar.jpg"><img class="size-full wp-image-116" title="The new dollar bill" src="http://www.moosealmighty.co.uk/wp-content/uploads/2008/11/dollar.jpg" alt="The new dollar bill" width="500" height="218" /></a><p class="wp-caption-text">The new dollar bill</p></div>
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