The Big 'Can't Pay' Debt Debate: Live

[wales01man]

Re: The Big 'Can't Pay' Debt Debate: Live

People will take her seriously they love the outspoken we all know the opinions of many on the ones on benefits and low wages who get into debt many to survive.
Problem is the poorest stay poor trying to improve their lives.

[Tools]

Re: The Big 'Can't Pay' Debt Debate: Live

Just a quick post whilst I have wi-fi in the breakfast room.
The show was very staged and designed to get people talking about the subject of debt.

I did speak briefly with a few people and can confirm that when KH is off camera shes entirely different.

Will post more later

[enaid]

Re: The Big 'Can't Pay' Debt Debate: Live

Just a quick post whilst I have wi-fi in the breakfast room.
The show was very staged and designed to get people talking about the subject of debt.

I did speak briefly with a few people and can confirm that when KH is off camera shes entirely different.



Will post more later

Then she should bloody well be herself when on tv imo, does she not know we are sick to the back teeth of deceit, corruption and things not being quite what they seem

[bluebottle]

Re: The Big 'Can't Pay' Debt Debate: Live

Then she should bloody well be herself when on tv imo, does she not know we are sick to the back teeth of deceit, corruption and things not being quite what they seem

Don't tell me about deceit and corruption, Enaid. I am currently helping two people deal with corrupt officials and deceitful lenders and their solicitors. One case took a turn for the better at court last Friday when the judge unleashed their fury on the lender's barrister for withholding documents from the person I am helping and ordered full disclosure.

You are correct in what you say about deceit, corruption and things not being quite what they seem, but it is up to all of us to tell others about it and get something done about it. Exposing those who are involved in it is key and it is known they are terrified of being exposed. That is their Achille's Heel.

[Nibbler]

Re: The Big 'Can't Pay' Debt Debate: Live

Then she should bloody well be herself when on tv

If she did she would get no TV time. Controversy is the only way some of these minor celebs have of keeping their profile anywhere at all.

[enaid]

Re: The Big 'Can't Pay' Debt Debate: Live

If she did she would get no TV time. Controversy is the only way some of these minor celebs have of keeping their profile anywhere at all.

Very true, but these 'minor celebs' should not be involved in such a serious subject as this programme was supposed to be about. What it has actually done has made folks discuss her and her biased view of the badly off and not the subject matter of the programme, as to who is to blame.
I am guilty of that myself I am sorry to say.

[Nibbler]

Re: The Big 'Can't Pay' Debt Debate: Live

Well, ITN does not have much credibility nowadays for serious journalism, and Channel 5 ever did in the first place, so that was pretty inevitable on a show organised and hosted by them.

It's a miracle there were as many genuine people as there were.

[meellis]

Re: The Big 'Can't Pay' Debt Debate: Live

Minor celebrity mouthing off in a staged debate to get people discussing the subject sounds like a good plan. Reality is people are discussing more about the person than the issues and the people who aren't interested in the discussions have had their feelings enhanced that it is the dirty debtors fault for borrowing and letting themselves fall into this trap.

[Amethyst]

Re: The Big 'Can't Pay' Debt Debate: Live

Well, ITN does not have much credibility nowadays for serious journalism, and Channel 5 ever did in the first place, so that was pretty inevitable on a show organised and hosted by them.

It's a miracle there were as many genuine people as there were.

They were really struggling, we had a few people interested in going but really as soon as it was worked out what the programme was that interest all dropped off. I think the people who did go are to be praised for their efforts, as it was pretty much set it was going to be a daily mail type rant, and I think they did a good job.

Personally I loved the absolute no show of hands and the LBC presenter bloke saying, ooo about half then. lol. NO.

Does ITN do Channel 4 news ?

[Nibbler]

Re: The Big 'Can't Pay' Debt Debate: Live

Does ITN do Channel 4 news ?

Just looked that up, and amazingly it seems they do.

All I can say is they must have given all the decent journalists and producers to C4, so there are none left for the rest.

[Amethyst]

Re: The Big 'Can't Pay' Debt Debate: Live

Ahh ok cool, just came up in conversation this morning. Thank you.

[Tools]

Re: The Big 'Can't Pay' Debt Debate: Live

ITN are a production company, they produce many programs, iincluding news, Dispatches etc

I did also speak with someone else from ITN this morning, they have approched us to do a more in depth program about the Online Vehicle Fraud issue I am working on. Will post more details as and when we have discussed it further.

[MissFM]

Re: The Big 'Can't Pay' Debt Debate: Live

It was very superficial IMO, which was a pity, a wasted opportunity. Far too many little chips from the surface and no real look at deeper causes, at the (lawful!) greed and theft at the top, etc., etc..

Whilst ours is nominally a democracy, we are in effect ruled by a usurious oligarchy which is more or less part of a global government. It hardly matters who we elect as all are in thrall to the myth that the casino side of banking has to dominate and that it creates wealth. It only creates wealth for the elite who know how to skim it and part of that process is to bleed those who have least, creating a growing, powerless underclass and a black economy that is increasingly healthier than the official one.

The motormouth woman (who drowned out any vestige of informative debate) at one point made a particularly asinine remark - in a crowded field - about money not just being drawn down out of thin air.

FP's stunning posts on the below thread explain how this is, in reality, what does happen (here's one example):

http://www.legalbeagles.info/forums/...on-collectable

FlamingParrot
VIP Member St Bernard


Join DateNov 2012Posts4,070Thanks (Given)14331Thanks (Received)7831

Re: SB: Unenforceable But Why Not Non-collectable?

Originally Posted by Inca
It's a shame that there isn't a way to filter the debt avoiders out from SB.



In this case, there would also need to be a system to filter those who steal out of desperate need from common criminals, whether it's shoplifting to feed your family or nicking a phone to buy heroin, if they are addicts they can't live without the drug. Stealing would only be a criminal offence for those who do it without a valid reason. We'd also have to filter those who commit benefit fraud to keep a roof over their family's head because they can't make ends meet otherwise, from those who shamelessly profit from the system. How far could we take this? There are much bigger injustices where people fall foul of the law because of desperate circumstances, yet the law still convicts them, and, in some cases, even sends them to prison.

In reality, financial institutions and the fat cats that rule them are the world's biggest criminals. Anyone else doing the same things they do, would be thrown in jail, their business shut down. For example, Goldman Sachs, one of the biggest investment banks, were selling worthless mortgage-backed securities to their own clients whilst, at the same time, taking short positions on the very same instruments (betting against them). This is the same as selling you a box of chocolates laced with poison as luxury Belgian chocs, then betting that you should be dead within a week as a result of eating the poisoned chocs! :scared: :scared: :scared: When CEO Blankfein was questioned by Congress (I saw it live on TV at the time), he replied he "wasn't aware of it". A toddler saying "mummy I didn't do it" would have sounded much more convincing!

Bernie Madoff was jailed for 150 years after it was discovered he had been running a Ponzi scheme, yet what he did wasn't much different from what Northern Rock, and many other banks, did. In fact, the credit crunch which was what left many people in debt, was a direct result of what can only be described as fraudulent behaviour on the part of the banks, who were responsible for creating the housing bubble by lending money to people who could not afford their mortgages, knowing if the properties were repossessed they would still make a profit due to rapidly raising prices. Mortgages were sold and re-packages as securities to be bought by other institutions. While many ordinary people got ruined, big profits were made by investors and traders, let's not forget it is just as possible to make money from FALLING stock and asset prices as it is from raising prices, it's called 'going short', or betting against.

House prices were artificially inflated as a result of all this 'generous' lending. The generous lending spread beyond housing, fueling consumer spending with credit card limits being increased manyfold and people being pushed to borrow more, this wasn't done out of charity on the part of the banks, but because that's exactly how they make their money. Not just at the institutional level, but also individually. In financial institutions, bonu$e$ are paid according to performance over the past year and how individuals contributed to it. In general the more the merrier, whether it's mortgages or credit cards, a higher volume = a higher bonu$.

It was all a game of musical chairs where quite a few were left standing when the music stopped, and they had to be bailed out using taxpayer's money. Henry Paulson, the Treasury Secretary who orchestrated the US$700 BILLION bank bailout, had previously been CEO of guees who: Goldmans, of course! Amongst the biggest recipients of funds were Citigroup with US$50 BILLION and Bank of America with US$45 BILLION. In the UK, RBS was bailed out to the tune of £45 BILLION.

I'm going for SBd with 3 creditors:

• MBNA - part of Bank of America, bailed out with US$50bn
• RBS - bailed out with £45bn
• Egg - until 2011, part of Citi, bailed out with US$50bn, then bought by Barclays, well known LIBOR riggers and corporate tax dodgers

I don't think I need to say any more! eace::rockon:

---

Financial Institutions gambled and caused global economic meltdown, then they were bailed out with our tax money. We consumers are still expected to pay the debts we incurred as a result of their actions. It's time to fight back.


I don't give advice, just offer guidance and useful resourc

es