Well my balance sheet certainly took a severe dent, though it has recovered somewhat since. I continued to live in a nice new house. That was the situation for many others. Not many people actually lost their homes.
That seems preferable than the situation faced by young families now. A lack of houses.
Certainly for those that lost their jobs, but that wasn't large swathes of the population. Most people many have had a knock to their disposable income, but hardly years of hardship and austerity.
I don't think there is any real point in dragging this thread any further off topic...
However, for what it's worth, I strongly disagree that our policies shouldn't be laser focused on doing everything humanly possible to avoid a repeat of the economic devastation caused by the last credit bubble/bust.
Although, as an aside, I am delighted to hear that the House of Cremeegg wasn't too badly affected by the unpleasantness!
Has this new credit register started working yet ?
Is it replacing the ICB ?
Or will there be 2 systems operating in tandem ?
When can I get a free credit report from the Central Credit Register ?