Friday, May 04, 2007
Sub-prime goes pear in the UK
BBC News - Today programme: Sub-prime reposessions up
Apologies for posting an audio link, but I can't find the story on the BBC site. 6:15 business news (15 minutes into this clip) talking about increase in repossessions in sub-prime and making comparisons to the US, cheerfully denied by a representative from a sub-prime ("not sub-anyting, Jim") lender.
Posted by dohousescrashinthewoods @ 09:00 AM (131 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. doomwatch said...
"verify plausibility" of income. Sounds rigorous from the Kensington cheer leader. Demand argument trotted out (yawn)
yet again, to spin out of the US sub-prime comparison.
I think the share history exposes the truth here
http://uk.finance.yahoo.com/q/bc?s=KGN.L&t=3m&l=on&z=m&q=l&c=
2. confused76 said...
Great link, thank you DHCITW! it starts at 18:30 minutes
The Kensigton executive said "the average US individual has maybe £191,000 in outstanding debt, in UK one quarter of that amount" what! that is way above the US median house price!!
"US oversupply... UK demand for properties" bull***t!
"more possession actions? less than 1% of our customers" ... so far Alison, this is just the beginning!
"profit warnings? not a problem, it's competition" What did she smoke before the interview?