Wednesday, May 23, 2007
Boom boom boom
The Times: Banks' bonus boom time looms again
It seems the super size mortgage slaves have now been long forgotten by the MPC who must now concentrate all of their efforts on the City to control inflation and cheap credit which is driving private equity deals and hedge funds etc. The property market seems to be a sacrificial lamb. Mint sauce anyone!!
Posted by cheeky charlie @ 10:52 PM (150 views) Add Comment
2 Comments
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1. dohousescrashinthewoods said...
On the one hand: ROCK ON!
On the other: A lot of nice people are going to get flattened with scant regard.
2. Wage Slave said...
As far as the government and the BoE are concerned people who've over-extended themselves and get repossessed are just collateral damage.
The fact that repossessions mean families getting thrown out of their homes, with all the emotional and social problems that go along with it, won't bother your avarage politician one jot.