SetH
Member
Registered: 15th Jul 01
User status: Offline
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Ok, like most I have a general idea but ive been tipped off that this will be a formal interview question for a role im going for at Aviva later this week.
Informed summary of credit crunch? 
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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banks stole our cash 
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SetH
Member
Registered: 15th Jul 01
User status: Offline
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There was a good flash animation that was posted on here but cant find it.
Googling this topic results in all kinds of people going off on rants or just being opinionated.
I need something objective and informed.
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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I blame the Jews tbh
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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Aviva
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Kevxx
Member
Registered: 14th May 08
Location: Forfar, Angus
User status: Offline
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the value of money goes down, when there is far too much in circulation. generally thats whats happened.
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IvIarkgraham
Premium Member
Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline
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up your aviva
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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American banks started lending to millions of people who couldn't afford it.
Americans defaulted on mortgages, american banks started going down the pan.
British banks paniced and realised they'd been doing the same thing = run on Northern Rock who were in the worst position = rest of the banks even more scared.
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John
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Registered: 30th Jun 03
User status: Offline
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The Sun was the main cause of the recession, seriously.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Along with the BBC and their constant scaremongering, agreed.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Capitalism happened. People got greedy and bought shit they couldn't afford and the world imploded.
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Joe
Member
Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
User status: Offline
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Because Deano got a credit card and put £1000 on it.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by Joe
Because Deano got a credit card and put £1000 on it.
No no, that was what pulled the UK out of recession.
It was Will Doyle's talk of taking out a 3k loan to buy a £500 corsa over 4 years that stopped the banks lending & started the recession!!
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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quote:
Originally posted by Joe
Because Deano got a credit card and put £1000 on it.
Fucking 
....and Pow filled his tank up with V Power and only got 30 mpg.
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3CorsaMeal
Member
Registered: 11th Apr 02
User status: Offline
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public claimed back bank charges, banks got the arse, fcuked everything up, people forgot about bank charges
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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quote:
Originally posted by Hammer
quote:
Originally posted by Joe
Because Deano got a credit card and put £1000 on it.
Fucking
....and Pow filled his tank up with V Power and only got 30 mpg.
Fucking
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Generation
Member
Registered: 7th Jul 09
Location: Essex
User status: Offline
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quote:
Originally posted by Steve
John stole our cash
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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quote:
Originally posted by dannymccann
quote:
Originally posted by Hammer
quote:
Originally posted by Joe
Because Deano got a credit card and put £1000 on it.
Fucking
....and Pow filled his tank up with V Power and only got 30 mpg.
Fucking
I think the fact that I poked a fair bit of wedge into a new car bought us out of recession your cheeky cunts!
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Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
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Like has been mentioned, the BBC are to blame for a large proportion of the bullshit in this country the recession included.
The BBC is so biased towards Labour it stinks.
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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banks lending money to people who couldnt pay it back,
banks loose money
government bail them out
banks stop lending
people stop buying
companys stop making
companys loose money
companys cut costs by cutting jobs
unemployment puts strain on the econamy
econamy shrinks
pound looses value
ect
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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And the Sun.
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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quote:
Originally posted by Ojc
The BBC is so biased towards Labour it stinks.
The BBC is biased to whoever is in power!
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sand-eel
Member
Registered: 15th Mar 07
Location: carluke/braidwood--IRNBRULAND
User status: Offline
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Also the banks invested in a lot of businesses in the US which went to fuck because of the US banks went to fuck.
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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i dont think it really happened. i didnt notice any difference at all
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Thats a little narrow minded lee_wee.
My Dad nearly lost his job 6 times (6 rounds of redundancies) in 2 years... he's a lucky man to still have it tbh!
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