Comments on: Where has all the money gone during the credit crunch to leave everyone so much in debt? http://www.bibokz.com/2009/01/where-has-all-the-money-gone-during-the-credit-crunch-to-leave-everyone-so-much-in-debt-2/ How to make money online or ideas that makes money online. Fri, 20 Jan 2012 12:16:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Michael L http://www.bibokz.com/2009/01/where-has-all-the-money-gone-during-the-credit-crunch-to-leave-everyone-so-much-in-debt-2/comment-page-1/#comment-483 Michael L Tue, 27 Jan 2009 03:07:52 +0000 http://bibokz.com/?p=302#comment-483 Money isn't being lent because our government keeps changing the rules. I would never lend you $1000 if in 4 weeks you came back and told me that you can't afford to pay me back so all you will give me is $300 and the government and the courts back you up. The government is now toying with the idea of allowing bankruptcy judges rewrite the terms of mortgage loans. Great for the borrower but who will lend mortgage money again, and at what rate? The risk of not getting back your investment is too great. We are sitting in a cesspool of unintended consequences from interference and manipulation of our government doing things in the name of being fair and compassionate. No one can fail, but it is at the cost of those that choose to succeed. Money isn’t being lent because our government keeps changing the rules.

I would never lend you $1000 if in 4 weeks you came back and told me that you can’t afford to pay me back so all you will give me is $300 and the government and the courts back you up.

The government is now toying with the idea of allowing bankruptcy judges rewrite the terms of mortgage loans. Great for the borrower but who will lend mortgage money again, and at what rate? The risk of not getting back your investment is too great.

We are sitting in a cesspool of unintended consequences from interference and manipulation of our government doing things in the name of being fair and compassionate. No one can fail, but it is at the cost of those that choose to succeed.

]]> By: Tertia http://www.bibokz.com/2009/01/where-has-all-the-money-gone-during-the-credit-crunch-to-leave-everyone-so-much-in-debt-2/comment-page-1/#comment-482 Tertia Sun, 25 Jan 2009 19:15:50 +0000 http://bibokz.com/?p=302#comment-482 Everyone who? The banks? They gambled with money that they didn't have - that they had borrowed off other banks, against assets that were not worth the paper they were written on. Everyone who? The banks? They gambled with money that they didn’t have – that they had borrowed off other banks, against assets that were not worth the paper they were written on.

]]> By: Lily B Talus http://www.bibokz.com/2009/01/where-has-all-the-money-gone-during-the-credit-crunch-to-leave-everyone-so-much-in-debt-2/comment-page-1/#comment-481 Lily B Talus Sun, 25 Jan 2009 13:56:43 +0000 http://bibokz.com/?p=302#comment-481 It wasn't there in the first place It wasn’t there in the first place

]]> By: Creative Covering Solutions http://www.bibokz.com/2009/01/where-has-all-the-money-gone-during-the-credit-crunch-to-leave-everyone-so-much-in-debt-2/comment-page-1/#comment-480 Creative Covering Solutions Thu, 22 Jan 2009 18:14:10 +0000 http://bibokz.com/?p=302#comment-480 Money is debt.....debt is money. That pretty much sums it up. A lot of people don't really know how our banking system works. Lets say you take a loan out for a car. Lets say it's $50,000 The bank that deposits that is only liable for 10% of that ($5,000). So the rest ($45.000) the bank can use to make loans.........In doing this they are creating fake money. Watch this it will tell you more about it. Money is debt…..debt is money. That pretty much sums it up. A lot of people don’t really know how our banking system works. Lets say you take a loan out for a car. Lets say it’s $50,000 The bank that deposits that is only liable for 10% of that ($5,000). So the rest ($45.000) the bank can use to make loans………In doing this they are creating fake money. Watch this it will tell you more about it.

]]> By: andy http://www.bibokz.com/2009/01/where-has-all-the-money-gone-during-the-credit-crunch-to-leave-everyone-so-much-in-debt-2/comment-page-1/#comment-479 andy Mon, 19 Jan 2009 19:53:42 +0000 http://bibokz.com/?p=302#comment-479 What happened is that banks instead of lending say $6 per 1$ they take in, they were loaning $12 per 1$ that they were taking in. This is what is causing the credit crunch. We have too many people with too much outstanding debt that they can not pay. You have to remember that most credit cards, mortgages, and loans are paper money not hard greenbacks. When a bank writes off a debt that is getting rid of paper money off of their books. In reality, since the money is paper it does just vanish. A good example for this is a house that loses value. The house did not change but the perceived value of the house changed. What happened is that banks instead of lending say $6 per 1$ they take in, they were loaning $12 per 1$ that they were taking in. This is what is causing the credit crunch. We have too many people with too much outstanding debt that they can not pay. You have to remember that most credit cards, mortgages, and loans are paper money not hard greenbacks. When a bank writes off a debt that is getting rid of paper money off of their books. In reality, since the money is paper it does just vanish. A good example for this is a house that loses value. The house did not change but the perceived value of the house changed.

]]> By: noitall Yorkshire England (U.K.) http://www.bibokz.com/2009/01/where-has-all-the-money-gone-during-the-credit-crunch-to-leave-everyone-so-much-in-debt-2/comment-page-1/#comment-478 noitall Yorkshire England (U.K.) Sun, 18 Jan 2009 14:23:20 +0000 http://bibokz.com/?p=302#comment-478 That is exactly the point the money never existed in the first place, people were, and still are, up to their necks in debt, buying things they did not need, with money they did not have, and could not repay. That is exactly the point the money never existed in the first place, people were, and still are, up to their necks in debt, buying things they did not need, with money they did not have, and could not repay.

]]> By: The Blue Shadow http://www.bibokz.com/2009/01/where-has-all-the-money-gone-during-the-credit-crunch-to-leave-everyone-so-much-in-debt-2/comment-page-1/#comment-477 The Blue Shadow Sat, 17 Jan 2009 07:15:49 +0000 http://bibokz.com/?p=302#comment-477 There was no money, the numbers people were playing with on the stock exchanges didn't add up at the end of business. There was no money, the numbers people were playing with on the stock exchanges didn’t add up at the end of business.

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