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Cuprajake Not to forget that the banks got massive bailouts
Well we couldn’t let them fail and simply give account holders the money ….that would have been cheaper, and too simple. Sure they profited massively, or tried to on ridiculously bad investments….but hey ho.
We can’t blame the banks, especially not for the huge increase in house prices and mortgage indebtiness. Lending huge multiples of salaries, who could have forseen the effects. The guvnor of the BOE has even made the genius leap that raising interest rates can’t control the type of inflation we have…but they’re still going to do it. 🤣