Taking care of your money | ||||||||||||||||
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The credit crunch has affected people in lots of different ways. People have lost their jobs and their money. |
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Most people think that banks are to blame but they still trust them with their money. They trust them because banks are the only place they can put their money. It is especially hard for people that are ill and not able to work. We asked some experts what they think about the credit crunch and how long it will last for. They also thought that banks are to blame but as one of our experts admitted that he doesn't trust the bank with his money. |
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I think the banks are to blame for most of the financial crisis we have at the moment. They were lending out money to companies they shouldn't have been lending to and taking too great a risk
Mick McAteer - Credit Union Manager
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The banks have a heavy responsibility |
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They don't know how long the credit crunch will last, probably for a more few years. |
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