Coquet-Shack
Member
I'm not stupid (laughter hits my ears) and I know a bit about the world. BUT
Here in the UK, one of the biggest construction firms, Carillion is on the verge of collapse. Part of it's problem (say wise commentators) is that it has debts of £1bn and owes it's workers' pension fund another £05bn.
Then I read that Guitar centre is in similar position though iot's debts are only about $1bn (£0.8bn).
So here's my puzzlement. How come banks (folks I have never seen as trhe brightest coins on the block) are willing to lend billions to big busineess but not lend a few hundred to sound, well employed, good character individuals.
And how in God's name can these companies have been said to be profitable when they were simply piling up debt.
And how did these companies pay shareholders dividends? By BORROWING it from stupid bankers.
Answers on a postcard to John Milton Keynes.
PS. Orioginally, I misspelled "puzzlement" (above). The spellcheck offered me "Embezzlement" instead.
Here in the UK, one of the biggest construction firms, Carillion is on the verge of collapse. Part of it's problem (say wise commentators) is that it has debts of £1bn and owes it's workers' pension fund another £05bn.
Then I read that Guitar centre is in similar position though iot's debts are only about $1bn (£0.8bn).
So here's my puzzlement. How come banks (folks I have never seen as trhe brightest coins on the block) are willing to lend billions to big busineess but not lend a few hundred to sound, well employed, good character individuals.
And how in God's name can these companies have been said to be profitable when they were simply piling up debt.
And how did these companies pay shareholders dividends? By BORROWING it from stupid bankers.
Answers on a postcard to John Milton Keynes.
PS. Orioginally, I misspelled "puzzlement" (above). The spellcheck offered me "Embezzlement" instead.