If you're fortunate enough your parents will prepare you for many things in life, most of them the sort of things you'd expect parental advice on - love, loss, adversity etc. I've always considered myself just so blessed but reading about the Northern Rock mess I realised that my father's prescience even seems to have extended to cover warnings about the US sub-prime market - he once said:
"If you owe the bank £1,000 and can't pay - you have a problem. If you owe them £100,000 and can't pay - they have the problem"Thanks Dad. When Ben Bernanke eventually quits or gets pushed I'm forwarding your CV...
3 Comments:
Thanks for that, Son.
I reckon that Northern Rock could benefit from my extensive knowledge of the sub-prime market - gained from the inside.
Yes indeed.
Try telling them that compared to Argentina you are a model customer which I once did.
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