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guitarman001

Kuenssberg

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Of course, the economy rises when houses are bought and sold...we have banking turnover, furniture, decorating, flowers etc etc...all seeded from housing.

What she was in effect saying, from what you say, is that we need to get banks lending again.

They NEVER mention just how we got here.

And of course, getting rid of toxic assets means the banks eating their investments themselves, because no-one except the feds are buying....

She is saying that others, and by that I mean other mugs, should help the banks by taking the toxic crap and buying it up...that would free the banks to lend again...except of course, the borrowers themselves wouldnt be able to as they would now have the toxic crap to sort out and asking for help from your bank would receive a blank..Madoffesque type shrug of the shoulders.

Who is Kuenssberg?

Edited by Bloo Loo

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Of course, the economy rises when houses are bought and sold...we have banking turnover, furniture, decorating, flowers etc etc...all seeded from housing.

What she was in effect saying, from what you say, is that we need to get banks lending again.

They NEVER mention just how we got here.

Yup --- it is deeply depressing. The Elephant continues to sit in the Room -- getting bigger and bigger -- and STILL the BBC pretends it isn't there...... This is down to the fact that many of the over-paid BBC types are BTL Meisters...... They played [and continue to play] a major role in House Price Ramping --- just look at those house price ramping shows STILL ON the tv morning after after morning -- and afternoon & evenings....

The BBC have been acting as a VI House Price Ramping Machine for YEARS. :angry:

-----------

Edit: The ONLY ONE example of the BBC telling it like it is is laid out below.....

Note: Michael Robinson - who made that superb documentary on Mortgage Fraud way back in 2003 - [sEE BELOW!!} - is now not with the BBC - and The Money Programme is now made and presented by Blue Peter numpties.... :rolleyes:

Michael Robinson was effectively SACKED for telling the truth... Daring to point to the Elephant in the Room -- [sEE BELOW].

Edited by eric pebble

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In fact she also spoke about how they were trying to get rid of toxic assets on their balance sheets... wonder what those could be?

I wonder where those toxic assets will end up.

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Ex BBC staffer, moved to ITN. Used to tell Rick "Toenails" Nobinson what to say (allegedly)

still none the wiser.

a talking head is who she is I gather.

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Does she think house prices averaging £1bn each don't represent a problem as long as people can borrow enough?

How much they earn and whether they can afford it or not doesn't matter. It's the credit crunch that caused all the problems innit? We were doing OK until then.....

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