credit crunch affects

one of our banks has bought out another banking chain which is now becoming a "super bank" one organisation will own a third of all the mortgages in the UK.

i think this will be the worst outcome of the "credit crunch"

What is the credit Crunch?

financial crisis in the UK it was dubbed the credit crunch and its apparently the reason why everything is getting more expensive, its the aftermath of that bank going bankrupt

Wow so banks are doing monopolies...that is quite wierd...

yeah theyre saying if it was any other time the government wouldnt allow it, but due to the crisis they have allowed it, i think its a huge mistake

Why would the goverment allow it if it will make life hard for everyone?

because people need things like loans and mortgages, i think inn the long run it will prove to be terrible

I sense a coming depression...