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What is the credit crunch?

Do you agree that BIG CATS & THIEVES running our banks are behind what they call credit crunch?

  • * I hear this credit crunch expression only in the western rich countries, where of a sudden all the billions were evaporated! * In what is called 3rd world countries, you never hear of that crunch or bank collapse! ** THIS IS EITHER 1- The people running the banks in the 3rd world countries are more clever & understand what they are doing more than their counterparts in the Western countries OR 2- The people running the banks in the 3rd world countries are honest in their work & they are not BIG CATS & THIEVES like their counterparts in the Western countries! ** I believe point No 2 is the correct one!

  • Answer:

    Mmm.. If there's another financial meltdown, let Big Cats loose in the City of London... Now that sounds like a plan.

Mo D at Yahoo! Answers Visit the source

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go away

guru_gsm

Hi,well sorry to say you believe wrong.Looks like we are finally getting things sorted.On the news they have said not to forget the 3rd world countries.In this mess we are all united so need to work together to get it stabilised.

Ollie

yep no doubt about it

Katie

My friend you are wrong on both counts. The people running in the 3rd world countries are learning the trick of the trade.So they are just playing to the rules. Whereas, those in the western rich countries have already graduated. Those Intelligent dishonest bankers are finding loop holes to become Big Cats and Thieves. And in turn responsible for the current financial crisis. Its like ignorance is bliss.

Eddy T

good point, well said chap, capitalist greed that is insatiable in western civilization is for sure at least a major contributing factor to the current economic situation

jared s

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