Why should we pay??????????

[CJ242]

Why should the already ridiculous amount of taxes we pay be increased (because this will cause that) to give insurance to the banks that never do anything for us?
http://www.independent.co.uk/news/uk/politics/ taxpayers-could-be-liable-for-pound200bn-in-to xic-bank-loans-1418912.html

[factor-fiction]

What alternative approach to this problem would you suggest?

[R1Geezer]

It's necessary to prevent financial armeggedon. If the banks collapse we'll be back to living in caves and barter.

The governement is merely guarenteeing loans in order to get the banks to lend more.

[Twenty20]

Or......a lot of us, individuals and businesses, could learn to live more within our means.

Credit needs to be eased up a bit but not back to where it was previously with banks lending to people who had no hope of repaying and people shifting credit card debt from one card to another because they couldnt afford to repay it. Do we really want to go back to that?

[PeterRadcliffe]

its depend on your income.if you can have enough income can carry two mortgage payments at once. if they still meet the debt-to-income ratios required by their lenders. then, you might be able to qualify for two mortgages at once, if your credit score and job status are also strong.