It has to be reported but the tone just seems all wrong...

[usxhe190]

Don't worry, once this crisis spills over from the financial and insurance sectors to the other sectors, people will cry...most people really don't know what is happening

[CaseyV9]

I have been trying to understand this the best I can.

The way I understand it, a lot of people in banking selling morgages to people who couldn't afford it. Surley they must have known that they were selling mortgages to people who could not pay it back?
I saw the latter half of a program on C4. People were getting big fat bonuses for selling these mortgages. Seems maybe a lot of them didn't care because they knew they would pay off their own mortgages by the time any problems came along what with the bonuses they got.

I'm not sure what it is exactly you are upset about regarding the way this has been reported. For me the news has helped me understand what is happening.

What can you say really? It is, at the end of the day, the banks own fault. No nice way of saying it. Look at how much money banks like HSBC were making.
I feel sorry for people working in these banks who didn't see any of these big bonuses that lost their jobs.
And everyone else really. Because it effects everyone.

I don't really know that much about this, but if what I'm reading about what is going on America is an indication on how bad things can get in the UK, then we really are "pigs in poop."

It looks like things could get a lot worse.

[nichomach]

Well, most of the reporting that I've been listening to on the subject has been from PM and The Today Programme, and they've been pretty sombre about the whole business. They have been asking hard questions of interviewees about how the whole mess developed and who's responsible, as well as putting them on the spot about how to fix it, but that's their job. I don't think that they've been gloating over it.