Friday, Sep 14, 2007
It is one slippery slope from here
Times: Traders target Paragon as next crisis victim
City jobs will be hit and house prices will go down the drain. I say it again: by Thanksgiving. "Bankers are saying that Rock's problems will be the trigger to reprice all mortgages — making them much more expensive and slowing down the demand for new homes, particularly at the top end." You bet! and the City job losses will add to repossessions.
Posted by confused76 @ 04:34 PM (567 views) Add Comment
4 Comments
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1. Onyerhike said...
"Bankers are saying that Rock's problems will be the trigger to reprice all mortgages — making them much more expensive and slowing down the demand for new homes, particularly at the top end. "
This should be interesting !
2. crash bandicoot said...
"I am baffled by the comments about the quality of Paragon’s loan book. The quality of the book is exemplary."
All AAA rated I'm sure.
3. Scottow said...
Do Paragon make car loans - noticed Pendragon feel 10% today.
4. confused76 said...
AhAhAh-rated in fact