Banks are 'hounding borrowers to suicide'

Banks are 'hounding borrowers to suicide'

www.independent.ie

High Court chief breaks silence to highlight crisis of personal debt

BANKS are driving some borrowers who can not pay their debts to suicide, the Master of the High Court warned last night.

Ed Honohan, brother of Central Bank Governor Patrick Honohan, told the Irish Independent he decided to speak out against the banks and other creditors because he had dealt with several debt cases where the borrowers had subsequently taken their own lives.

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This is just ridiculous. It just shows how mad our society has gotten with plutocrats in charge. Dumb politicians.

It is time for us the people to rise up and become the government our politicians have failed to be. They have failed to protect the people who elected them to office. Those bloodsucking politicians allowing their people to suffer has gone far enough. The market is not the law of heaven, people make the laws of heaven.

Today, I announce myself to become the government my politicians will not become. I will fight for the people by protesting any laws that will be against humanity and for corporations and banks.

Down with those fake representative.

www.independent.ie
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Money is only money if we believe in it.

If we stop believing in it, it stops being money.

The power is within *us*.

Use it!

reply to post by MIDNIGHTSUN


Thanks
Its a sad tale, but...... its all to common nowadays. We humans keep getting credit for the things we cant afford just so we have the latest new house/ or gadgets. And as soon as we lose a job well..... then we are stuffed.
We need to start living like our grand parents did 70years ago. If they didn't have the cash to buy it they SAVED money and then they bought it. This generation doesn't do that. They live outside there means of income and complain when things go wrong. We are just as much to blame as the banks.
Its a sad fact that more and more will kill themselves over money as long as we keep this mentality that money and bright shiney new things are the important things in life.
I just don't get us humans.
Peace
s&f

reply to post by meathed


I cannot argue that what you say is true.
However, I would bust the dealer as well as the junky.
I get all sorts of unsolicited credit card offers in the mail, thank Goddess I don't need their monopoly money.
I do live within my means as our grandfolks, I just hate to be in debt.

reply to post by meathed


It's called instant gratification. Humans don't know what they wan't, they just know that they want lots of it and NOW please.

Umm, the worse that can happen is you lose your home... if you aren;t a horrible person you should have family or friends to stay with.

Or really, they just call and hound you. Just hang up the phone and get an unpublished number. Or better yet, have fun with them, remember the person calling you is paid to get money. If you tie him up in redundant question answer/story sessions, the companies will lose even more money eventually driving them out of business if enough people just take the time to entertain themselves. Screw the collectors, they have no power to lock you up or take away freedom. You just can't get credit again, so do it the old fashion way pay for it with cash.

It's so easy to avoid these people. Why kill yourself unless you are a mental midget.

Originally posted by g146541
reply to post by meathed

 

I cannot argue that what you say is true.
However, I would bust the dealer as well as the junky.
I get all sorts of unsolicited credit card offers in the mail, thank Goddess I don't need their monopoly money.
I do live within my means as our grandfolks, I just hate to be in debt.

edit on 12-5-2011 by g146541 because: my spelling is getting worse with age it seems, or my busted up fingers just don't do what i want em to do.

Gday, g146541.
I sort of agree with you. The banks are the dealers, but......when the junky needs its fix they will stop at nothing to get it, even if the dealer closes his door and turns off his phone the junky will keep knocking until they get what they want.
I understand what you are saying, but the cycle of debt and credit can only stop when people stop borrowing and people throw out those credit card deals that they get in the mail.
Im like you, i live like my grand parents had to. I have never owned a credit card in my 33 years on this planet.
I never will as i hate debt too. I just hate the thought of owing someone anything.

Peace mate.

Ps i love your reason for edit

Originally posted by Swizzy
reply to post by meathed

 

It's called instant gratification. Humans don't know what they wan't, they just know that they want lots of it and NOW please.

Gday Swizzy.
I agree with you 100%. Its the sad fact of life, ego matters more.
But you got it a little wrong as they never say Please. It just give me it NOW.
This generation will never find out just how gratifying saving up money for something you want and then finally being able to go buy it can be. But this generation don't know that feeling and probably never will.
Its kind of scary.

Peace mate

If people can't afford to pay the piper then they shouldn't ask for his help.

Banks are trying to get what is theirs, if someone owed you a few thousand dollars and they wouldn't pay up I imagine you would be burning up their phone lines also.

Banks aren't to blame. People who borrow more then they can afford are.

If you can't pay the debts move to another country. Live free

I keep seeing, " the time is now", and " we the people need to rise up". But its just talk. Face the facts, ( as horrifying as they be ), but some things never change. That being the politicos that we, btw, voted in. Once your in...your in for life. Just look at some of the sacred cows, that have been in the Senate for over 30 years. And for what? Just another back door deal with a nice healthy kick back.

Sad to say, but our " voices " haven't been heard since the 1930's. And that's how it will remain.

Unless of course something massive triggers an uprising, at which point I will retract my previous statements....but I'm not holding my breathe.

Originally posted by Partygirl
Money is only money if we believe in it.

If we stop believing in it, it stops being money.

The power is within *us*.

Use it!

As noble as that sentiment is, it isn't going to stop someone from being thrown out on the street for lack of money.

Unless you can explain how the 'us' power can?

Originally posted by Garfee

Originally posted by Partygirl
Money is only money if we believe in it.

If we stop believing in it, it stops being money.

The power is within *us*.

Use it!

As noble as that sentiment is, it isn't going to stop someone from being thrown out on the street for lack of money.

Unless you can explain how the 'us' power can?

well first we would have to prepare people to live without electricty again, teach those that do not know how to farm, and things of those nature. after that we pile all the money we can get our hands on from all over the world and burn it. Now at this point I get the feeling people would think the bankers would try to work a deal out with us some were in the middle but thats not realistic we would have to prepare to live on our own as they watch and laugh.

reply to post by MIDNIGHTSUN


No bank ever made someone kill themselves. Anyone who kills themselves over a bank collection call, nasty letter or eviction has other problems beyond poor finances.

In all probability it is the complete implosion of the person's life, not the bank that caused them to commit suicide with the bank being a component because they have every right to collect. People don't kill themselves because a banker is hounding them. They kill themselves because they have failed their families or themselves in their own minds.

Originally posted by Becoming
If people can't afford to pay the piper then they shouldn't ask for his help.

Banks are trying to get what is theirs, if someone owed you a few thousand dollars and they wouldn't pay up I imagine you would be burning up their phone lines also.

Banks aren't to blame. People who borrow more then they can afford are.

The problem is the extortionate charges the banks add to the debts, they more or less make up amounts that are nothing to do with the real costs of admin and the charges are added automatically. If you approach the bank and say you're in difficulty, they ignore you and keep adding the charges. That's just wrong.

I do feel sorry for the people that felt suicide was the answer and although some of the situation was in their control, the banks have responsibility too. They are happy to lend to anyone at all and then turn very nasty when you can't afford to pay.

Originally posted by Becoming
If people can't afford to pay the piper then they shouldn't ask for his help.

Banks are trying to get what is theirs, if someone owed you a few thousand dollars and they wouldn't pay up I imagine you would be burning up their phone lines also.

Banks aren't to blame. People who borrow more then they can afford are.

I hope you're getting paid for being their pawn.
You obviously have never dealt with banks and mortgages, ever. If you have, then you would know they are ripping people off daily, lying on contracts and rates, and changing the rules whenever they want after you sign the papers!
Walk the walk before you talk out of your arse.

reply to post by JibbyJedi


It is impossible to lie on a contract. A contract is a legal document that is meant to be intrepreted and understood by both parties prior to it being signed. Nobody forces someone to sign a contract and anyone signing a contract obligating themselves to a large debt without understanding the terms and conditions of the contract is a fool.

Do banks use deceptive practices? Perhaps. When, for example, rates and penalities are applied, there are contractural terms that the borrower signed up for that allows the bank to do that. Is that deceptive? No. Do the banks sell loans and financing with bogus claims about the future state of the value of real estate and the likely ability to repackage loans, restructure debt, etc without any ability to forecast the future state of the economy, hence setting expectations that are likely not to be met? Yes, but again the consumer of debt should have some basic understanding of economics prior to getting into a contract. Someone who believes that he will simply be able to refinance their debt for ever foolish and perhaps should not be entering into large debt to begin with.

Suicide is tragic no matter what the cause. Banks and their collection tactics don't cause it. They might be a contributing factor, but certainly don't cause it.

reply to post by DrHammondStoat


could be I just live in a small town less than a 1000 but small banks will work with you if you are having problems.

Its all very well saying the money is only paper and not important.

People commit suicide because they see no way out. They have failed. Success in this world is measured in material vaules in most peoples eyes. People feel they have failed. They have failed their families and let every one down.

This is still only the start of it. Its only gonna get worse in the short term.