www.iva.co.uk

[:)]To me the whole problem Lies with whoever was in charge of our Financial System in the late 90's
and that man was none other than GORDON BROWN.

I remember walking into the ABBEY NATIONAL and getting a mortgage for a property and they would only lend me 3x my Salary and NO MORE.
Including a Deposit there were no 125% Mortgages Then we had NORMAN LAMONT as Chancellor.

Gordon Brown takes over the reigns and it goes completely crazy and now he is being made to be the Super Hero for trying to Bail us out of his own MESS using OUR!!! MONEY!!!!!.
WHAT A JOKE.

Next year will be a BUMPER YEAR for Insovency Practitioners and Debt Management Companies as there businesses will be inundated with new clients

I disagree..it is down to poor if not zero corporate governance and greed in the banking industry.

How can you disagree with that when 99% of the country say it is down to the man that is in control of the Banks and Economy
Hence the Government who should have had more control of the Banking Industry instead of lettin things get worse and worse.

I agree with you Andrew - it might have helped if he hadn't sold our gold reserves when gold was at an all time low!

I agree with both Andrew and Skippy. I think Tony Blair knew what was about to happen and got out while the going was good.

Gordon Brown is just lurching from one crisis to another without any idea of how to deal with any of them satisfactorily.

My hubby often chunters about the selling of the gold reserves - what was he thinking?

I have a personal mantra i use at election time.
"Don't vote, it just encourages them".

Trouble is though OT, you have to have someone in government, and they are pretty much all as bad as each other.

The Labour Slogan when they first came to power
was THINGS CAN ONLY GET BETTER!!!
They was right as we could borrow and have as much as we wanted and Gordon Brown was Chancellor all the way through it all and had a lot of clout within the Party.

Now that it has all gone T*** Up!!
We all are now beginning to have realized we have all been Duped.

How Gordon Brown This week can proclaim himself as the Saviour of our Economy and steered us through it all is just a TOTAL JOKE!!!

All we have to look forward to under his reign is
Longer Working Hours,
canceled Xmas Parties 2008
More Repossessions
More Bankruptcies
More IVA's
More DMP's
More Income Tax
More Stealth Taxes
More Unemployment

And as they said THINGS CAN ONLY GET BETTER!!!

As long as our Christmas party isn't cancelled!!!!!![:D][:D][:D]

Ah, yet again I am the odd one out.

I think it is all to easy to lay the blame on one person, but there were people 'at the coalface' who knew how bad things were getting but still carried on being reckless, being in denial and putting the world into a bigger and stickier mess.

I stand by my comments that greed and lack of basic good corporate governance has a lot to answer for.

One man cannot be held responsible for the greed and recklessness of many. Regardless of the party he represents.

However tempting, i think it's difficult to lay the blame at one persons feet, and i loathe and detest politicians of all persuasion
The culture of greed has a lot to answer for, but, do you blame the building society offering 125% mortgages or the people who took out the loan?.
Rather like blaming a footballer for being overpaid, wouldn't you take the money if offered?.

I wanted to buy years ago and saw the 125% mortgages but I knew they were well out of my league. Frankly, they terrified me. Blame seems to me to be on both sides in this instance - although a higher proportion should be to attributed to the lender.