A Parody Of Mortgage Mis-Selling.

Mis-selling of mortgages have rocked the banking and financial sectors, but just what did it really mean? Was it seeing your home repossessed because of an unscrupulous broker or where you attracted to the lure of easy money? Are we all equally to blame ?

You have a mortgage business. It is not doing well. So you take this man's dream. The man doesn't have a job, or say it's a women and she's self-employed. You open a trading account with a bank, because you plan to angle in for a loan. You tell the bank you have an easy customer for it.

They take the customer and you get a cut. What's wrong with that?

There's nothing wrong with that. You help fulfil a dream. The man has more housing needs, his family was expanding and for a month or two he can pay a few pounds more. The woman, she wants to open a bakery. She can afford to pay a few pounds more for a good couple of shop rooms. The economy will turn a corner.

All you've done was to make more money for the bank. From these sums, you should expect a nice little cut. Maybe another business will get in and offer a little PPI loan.

The matter has to go quickly, it has to show some speed to satisfy all parties involved. There's no need to be "long-sighted," the loans are not necessarily sub-prime. If they are, the government will be there somewhere, in case something's loose on the fringes.

Well, there was this fellow Hobbs. He lived a long time ago. In fact, he stayed on Fetter Lane in London. This fellow Hobbs wrote that men were self-interested beasts. It should be expected that one would take as much as possible from another, and keep on taking. What's wrong with that?

There's nothing wrong with that. Although the "taking" may clash with Christian or Anglican views, Hobbs did manage to add a government on top of it all, to make sure the fleecing would not leave one naked as a sheep. Later, there would be room for an ombudsman, to make sure that at least was a layer left to protect against winter wilds.

But certainly these distressful claims, be they PPI Claims or Mis sold PPI, were a breath of ill-wind coming from across the Atlantic. It turns out that wasn't far from the truth. Why, even old Northern Bank had invested in the deep vaults of the dollar, which themselves were rooted in sub-primes.

So who's to blame? What's so uncivil about trying to make a pound on a dollar? Greece did it, Ireland, and now Portugal and Spain. People have dreams. They all want a commodious society. People want a society that reflects the comforts of industry, the advances of technologies.

Perhaps a little more government oversight should be mixed into the flame. For without it, it's like this, old man Hobbes said, "the life of man, solitary, poor, nasty, brutish, and short."

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