I am a figment of my own imagination
Join Date: Oct 2000
Location: Jeddah, Saudi Arabia
Posts: 726
Likes: 0
Received 0 Likes
on
0 Posts
NACUD thank you for that clear concise and informative post that pricks the sensationalist bubbles that we are so frequently the victim of, by the press, the misinformed, the doomsayers and the plain ill-wishers. Yes the money may well be ultimately from the depositers, however in view of all the other PC wacky schemes that money is constantly lent to, I for one am quite happy to see it going to a British company and a segment of the industry in which I am concerned, and where it at least stands some chance of being repaid, as opposed other massive write-offs that are incurred on a daily basis in the bank loan business.