Comments on: Who owns US and UK mortgage spent money? http://www.theukmortgageshop.com/uk-mortgage/who-owns-us-and-uk-mortgage-spent-money Learning the Facts about UK Mortgages Tue, 07 Sep 2010 16:19:59 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: raina_vissora http://www.theukmortgageshop.com/uk-mortgage/who-owns-us-and-uk-mortgage-spent-money/comment-page-1#comment-3 raina_vissora Wed, 02 Dec 2009 19:34:59 +0000 http://www.theukmortgageshop.com/uk-mortgage/who-owns-us-and-uk-mortgage-spent-money#comment-3 The problem is that a lot of that money never actually existed in the first place. Banks don't hand you a wad of cash when you take out a loan. They extend you credit, which is really nothing more than an agreement. The trouble happens when banks extend more credit than they could possibly cover to people who don't have the means of repaying the amount.<br><b>References : </b><br> The problem is that a lot of that money never actually existed in the first place. Banks don’t hand you a wad of cash when you take out a loan. They extend you credit, which is really nothing more than an agreement.

The trouble happens when banks extend more credit than they could possibly cover to people who don’t have the means of repaying the amount.
References :

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