Comments on: HSBC cuts lending as bad debts soar 36pc http://www.neilshearing.com/2006/08/01/hsbc-cuts-lending-as-bad-debts-soar-36pc/ Internet marketing tips and strategies to boost your Internet marketing expertise! Thu, 10 Nov 2011 17:01:00 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Nancy P Redford http://www.neilshearing.com/2006/08/01/hsbc-cuts-lending-as-bad-debts-soar-36pc/comment-page-1/#comment-858 Nancy P Redford Tue, 08 Aug 2006 09:41:57 +0000 http://www.neilshearing.com/neil-shearing/2006/08/01/hsbc-cuts-lending-as-bad-debts-soar-36pc/#comment-858 Hi Neil, As far as I'm concerned that's their own problem. The banking institutions love to promote lending, borrowing, credit blah blah. It's what keeps them going. Then they complain that the loans people were granted are not being paid back and could NEVER realistically be paid back in the first place! If we went back to basics and used CASH to purchase goods and services then we would LEAVE ALONE what we couldn’t afford and in turn the BANKS would again be up in arms because there is no money TO BE MADE! Where is the balance? I could go on but I better take time out here.:-) Hi Neil,

As far as I’m concerned that’s their own problem. The banking institutions love to promote lending, borrowing, credit blah blah. It’s what keeps them going. Then they complain that the loans people were granted are not being paid back and could NEVER realistically be paid back in the first place!

If we went back to basics and used CASH to purchase goods and services then we would LEAVE ALONE what we couldn’t afford and in turn the BANKS would again be up in arms because there is no money TO BE MADE!

Where is the balance?

I could go on but I better take time out here.:-)

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