Tuesday, Mar 18, 2008
If people stop lending this will be bad says CML
Money Marketing: Lender action will cause worst market outcome, says CML
Selfish mortgage lenders looking after their own interests, rather than stoke HPI, will cause a crash says CML
Posted by reggieperrin @ 11:55 PM (138 views) Add Comment
1 Comment
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1. new user 2007 said...
"We’ve also seen that there is a shortage of funding as a result of the capital markets closure. We estimated last year that around £25-30bn gap between what we estimated consumer demand would be at £90bn this year and what funding might be."
Read as...we want back funding that should not have existed in the first place i.e. this is but part of the amount representing how much we are living beyond our means.