It is now harder to get a loan to buy a new house.
People are complaining how difficult it is to set up anything new with banks is.
Well, serve's them all right!
Several months back, I moaned about the vultures in the guise of banks and insurance agents, leeching off others. Every single deal had only one thing behind it - more money.
Money has grown to such importance that the greed of men ensured a swift downfall into what we now call a recession.
For all the singular dollars the banks have made over late payments or overdrafts or missed repayments, karma has had a strange way of working back against them.
As we speak, several banks face several billions (some trillions) of dollars wiped off their portfolio. Same goes for some of the insurance companies like AIG.
Maybe we'll all learn to be a bit more prudent now.
What of the Louis Vuitton's when you have kids at home to feed?
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