Now we hear this bank is paying bonuses to its London staff totaling some £4. So why does a broke organisation ( the US regime ) give billions of bucks that it doesn't have to another organisation that then fritters the majority of the cash away on bonuses? And in a point in time when the remainder of us are having to tighten our belts and reduce costs wherever possible. The reality is the world cash power that owns and controls the worlds central banking institutions ( Fed, UK Central Bank, etc ) love feeble and broke govts. Not everyone has money in their savings account, so when a finance emergency happens, they might be stuck with no where to turn. These kinds of loans are intended for a short term solution to an issue so you can get the finance ! support you want till your next pay day. Depending on the state that you live in, you can qualify for a loan for many amounts. Remember, this is money that you're going to walk out with the day on which you apply, and may not be needed to repay till your next prepared pay day. Before long these giant banks and major companies like Ford, Chrysler and General Motors are begging the govt. For rescue cash to survive. Click link to read info on loans. Or it must increase public expenditure to try and spend its way out of recession, thus falling itself into even more rare levels of debt that may take forever to reimburse and making circumstances worse in the long term.
So that the credit crisis means difficult times for everybody except for the awfully folks who caused it in the 1st place.