Over the last number of weeks the Credit Crunch has filled our newspapers and news bulletins. For those who would like an understandable explaination click here.

So there you have it, the credit crunch is as a result of the Banks lending money to people that could'nt afford to repay,lying about the value of these "assets" and hoodwinking some into thinking that they could afford bigger mortgages by giving them "discounted introductionary offers".

Unlike other businesses that are usually allowed to go bust when they make a bollocks of their business, banks are given assistance,( Northern Rock and Bear Sterns), to fix the problem and preserve their vast profits by Governments and Central Banks, only yesterday the Bank of England announced its making £50bn available to UK Banks to assist in increasing liquidity as banks now are'nt lending to each other, because they c'ant trust each other.

Who will end up paying for all this, you and me in the form of higher interest rates, lower returns on stock markets, lower house valuation the list goes on

Really really annoying shit