From: "Mel Rowing" 
Newsgroups: uk.finance
Subject: =?iso-8859-1?q?Re:_IMF_warns_Britain_over_=A31.1_trillion_debt_mountain?=
Date: 18 Sep 2005 04:31:51 -0700
   posting-account=HItWpAwAAACkulvPWsGnx9LSmPrTJdYr


Ronald Raygun wrote:
> Mel Rowing wrote:
>
> > I can never understand this notion of "irresponsible lending"
> > rather than irresponsible borrowing. At the end of the day who stands
> > the loss the borrower or the lender?
>
> The lender, obviously.  What's your point?

That "irresponsible lending" would lead in effect to irresponsible loss
and therefore begs the question as to why financial institutions should
seek to lose money as a matter of commercial policy.

Mel Rowing