Businessman furious at banks' refusal to lend bricks up Barclays branch in protest R

interest is for the risk of loan default. and time wasted processing the loans.

why do you think credit card rates are 20%!


Quote from EMRGLOBAL:

businessstaxes

___________________

Man, I hope you'r are not in the Business Tax industry!

banks charge 5% on money they recived for free! They also borrow at the Discount window from the FED at .25%!

On top of that, they are lending "DEPOSIT" money, which is "FREE" money deposited by "Consumers", businesses, etc and they charge interst on it!

Last time I did math, 5% of 0 is well, a profit!
as is 5% on .25%!
 
Quote from MohdSalleh:

whats the pt of bricking it up? he should just burn it down.

These property developers are in deep shit now, I have a friend doing up flats/apartments in mayfair for resale and hes doing very badly

Mayfair ? Badly ? Ouch.
 
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So true, so true and no one even cares. Banks are the only ones who made out in this credit crisis, so they actually benefited from both the collapse in the economy and with the free handouts of worthless monopoly money. The banks just keep taking advantage of everyone and no one can do a damn thing about it.


‘Savers are getting nothing, borrowers are getting nothing and the banks are doing whatever they like. Some of the banks are even owned by the taxpayer and still they won’t lend.
 
Quote from EMRGLOBAL:


I can get 4% loan from the group with a credit score of 650 and 30-50% down. Now if you miss a payment the rate jumps as you fall into high risk with the group. They hold the title as would a bank.

A 4% loan from a pool of investors? Really? Do you bother reading the BS you post?
 
i recall seeing a couple of items related to refused credit to small businesses on
the box a while ago, one was a US contractor whose line of credit with his bank
had been stopped and he'd had to use his cc to pay his employees wages
the other was a butcher in the UK who'd also had his revolving line of credit with his
bank stoppped
unfortunate there's never any follow-up with these type of stories to learn if and how
the people remained in business or not, but it seems that it's the 'butcher, the baker,
the candelstick maker' as well as 'developer/investment' business person getting hit

will the newly signed 'Small Business Lending Bill' make any difference to the 'small
business person' ? who and how's it being administered ? will it take months for an
application to be processed ?
 
seems like there is a moratorium on capitol hill on any one making any moves that would be better for the country, it's like a prison up there,because of the upcoming election ,no one wants to move, the negative press will twist and attack it,this would be a good time for a peaceful uprising,scare the shit out of them,they won't know what lies to tell,the only promises i hear is that the other guy would be a bad vote,no platforms at all
 
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