Sunday, December 02, 2007

Taxpayers offering unsecured loans

Northern Rock, on a web page headed "We're Open" linked here, is offering unsecured loans up to twenty-five thousand pounds for those with credit problems at 10.9 per cent interest rates. No wonder the debt is growing at such a rate. Is this not an invitation to all to get up to twenty-five thousand pounds for nothing? Has Britain gone completely insane?

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