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LadyEllen -> UK govt owned bank does more repossessions than others (10/17/2008 12:39:29 PM)
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Mr Brown assured us he had put £100 million away, to help people struggling to pay their mortgages. He sent a message to banks that they should try everything other than repossession, which should be a last resort only.
He has talked a very good game.
Meanwhile, repossessions are on the rise. The Citizens' Advice Bureau (a charity providing free qualified advice to the public) has waiting lists reckoned in the months, for repossessions. Homeless charities are overwhelmed.
Last year we the taxpayers and homeowners of the UK, forked out billions to nationalise one bank totally - Northern Rock. Now it seems, this bank is busily repossessing at record rates - ignoring all offers at negotiation from its customers.
And the rise in repossessions overall, cant be attributed to Northern Rock alone. It must be that all those other banks which in the last week or so received billions more to shore up their rotten cores, are at it too.
In other words, what the government is saying and what its new assets are doing are seriously dislocated.
And then there was a report earlier this week that these banks are issuing court summons for repossession on people, and then advising them that judgement will be made against them, so they might as well not show for the hearing. As it turns out, the judge in such cases has some room for manoevre and can decide not to grant the repossession - but if the person doesnt show for the hearing, he can only judge against.
I am getting heartily sick of all this. It seems to me that we are expected to swallow what are complete and utter lies, fabrications and deceits spoken to keep us calm whilst the same cunning, conspiring criminals continue their devious, underhand schemes to produce profits where naught but contrition and shame should be found.
And the great party of the people - they who claim to represent us, claim to wish to promote our interests and fight for justice for the people - either doesnt give a damn, or more apparently, is deep in cahoots with the robber barons of the City.
E
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