I still remember my friend trying desperately to get a loan. He has applied for many big banks and also the small ones; and every time he got the same answer to his application form – “rejected”
It’s not only the case with just my friend. Many others were rejected for no good reason. They had good intentions towards spending the money; and some were with urgent requirement of financial aid. But, still none of the banks responded positive towards people. It is a fact that banks have reduced giving loans to people and businesses.
I understand their situation if they might have been in serious conditions of financial crisis. But these were the same banks, which received huge bailouts from the government. And where did government get this money to give them their bailout?
From us of course!
The money we pay in taxes to the government is redirected to banks and other businesses in form of bailouts and financial aids. But they are not even concerned about our dilemmas. They cut jobs as many as they want, they reject loan applications as they like and we have no government on our side to support us.
It’s not only the case with just my friend. Many others were rejected for no good reason. They had good intentions towards spending the money; and some were with urgent requirement of financial aid. But, still none of the banks responded positive towards people. It is a fact that banks have reduced giving loans to people and businesses.
I understand their situation if they might have been in serious conditions of financial crisis. But these were the same banks, which received huge bailouts from the government. And where did government get this money to give them their bailout?
From us of course!
The money we pay in taxes to the government is redirected to banks and other businesses in form of bailouts and financial aids. But they are not even concerned about our dilemmas. They cut jobs as many as they want, they reject loan applications as they like and we have no government on our side to support us.
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