Financial Crisis ( or is it )
Posted:
Mon Jun 14, 2010 5:30 pmby ionnsaigh
The forthcoming budget has the Public Sector Unions quaking in their collective shoes. We are about to witness massive cuts in public spending, to help reduce the deficits of public borrowing. I'm sorry for sounding naive - but who do we owe the money too ? I mean can any one name names ? Suppose we tell them to take a hike, and take control of our own financial destiny. Do you think that things could be any worse - than they are at present ?
Re: Financial Crisis ( or is it )
Posted:
Mon Jun 14, 2010 6:14 pmby Govangirl
Yeah, that's a good idea Ionns. I'll nip down to Nationwide tomorrow and tell them to take a hike as I'm not going to pay my mortgage anymore. And then maybe I'll take my credit card and splash out on the High Street with no intention of paying a penny back, thereby taking control of my own financial destiny.
Re: Financial Crisis ( or is it )
Posted:
Mon Jun 14, 2010 6:47 pmby Sweltered
Govangirl wrote:Yeah, that's a good idea Ionns. I'll nip down to Nationwide tomorrow and tell them to take a hike as I'm not going to pay my mortgage anymore. And then maybe I'll take my credit card and splash out on the High Street with no intention of paying a penny back, thereby taking control of my own financial destiny.
Hundreds of thousands of people doing just that over here. They call it Strategic Default
http://www.dailyfinance.com/story/investing/should-you-consider-a-strategic-default-on-your-mortgage/19346468/