Why Don't Politicians Get Loans From Banks?

[barney15c]

Why do they choose to get a private individual to lend them the money.

[Buenchico]

They do get loans from banks but, just like everyone else (irrespective of whether they're getting a loan from a bank or another source), they can sometimes be required to provide a guarantor, so that the lender can be sure of getting their money back.

The actual source of Bojo's loan hasn't been made public. Richard Sharp was approached as a possible guarantor, not as a lender, and he then introduced Bojo to someone else who could become the guarantor.

[Canary42]

Banks aren't stupid.

[david small]

On the contrary, banks are stupid….remember 2008?

[barney15c]

Well Keith Vaz didnt get a mortgage on his nearly £400k sex flat, he got a personal loan in cash, was it from an individual or a bank?

[Gromit]

The post of PM pays £160K annually and includes free accommodation.
2 years into the job, he needs £800,000.
Is he just terrible with money ?

[1ozzy]

Or a homosexual that tried his best to keep his desires hidden?

[naomi24]

Chris, 0.44, the source has been made known. He’s said to be Canadian businessman,
Sam Blyth, Boris’s distant cousin.

[Hopkirk]

Anyone lending him money would know that eventually as ex PM he could make shedloads. Publish memoirs and go on the US lecture circuit.

[Spungle]

Why should he go to a bank, when his cousin could lend it him?

[Khandro]

//Why Don't Politicians Get Loans From Banks?//
Because the interest rates are higher than borrowing from a friend which could even be interest free, I know of many such cases.

[lankeela]

Nothing to see here, move along.

[bazwillrun]

banks cant generally as a rule "arrange" the same sorts of "favours" that loans between chums can....when people in these kinds of circles lend each other money, apart from paying back the dosh theres the other favours that may or may not have been discussed at the club.
Normally the lendor will be getting a very good deal of one sort or another down the line...

[-SharonA-]

It is a kind of scratch my back and I'll scratch yours.
Lend me 50k now and in return I will slip some contracts worth 100k your way.

[Peter Pedant]

because it is cheaper. Mandy - peter mandelson borrowed lu-lu and then didnt invited the creditor to his fun all male parties.... creditor called in the loan

Or a homosexual that tried his best to keep his desires hidden?
Boris has had three wives for chrissakes... ( all living and that is a lorra lorra lula in alimony)