Tuesday, Apr 22, 2008
not the last , i am sure
the guardian: Abbey raises rates after Bank's £50bn bail-out
abbey raises it rate...bailout?
Posted by fun 4 now @ 06:51 AM (361 views) Add Comment
5 Comments
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1. European-bear said...
"determined to do everything we can to help homeowners"
Too late, should have had policies in place to prevent HPI years ago....that would have helped...
2. mark wadsworth said...
Good for the Abbey, say I. About time that Krusty laid into themas well.
3. growler said...
I don't understand how anyone believes that Alistair Darling waving his finger at any business will have the slightest effect. Every measure he suggests - including the bailout - will cost margin either short or long term. It's a political load of cobblers, and the lenders and Government know it.
Litigation and legislation is the only thing a corporation will react to. As Vince Cable says (what a star he is!): we can't be having banks "privatising profits and nationalising losses". We need people to sue lenders for poor/sub standard advice and Governments to legislate to prevent unscrupulous lending. There can be no denial that previous LTV and salary multipliers have been fantasy lending to the blissfully ignorant or unscrupulously greedy. If these lending criteria were defensible, we'd still have them now.
4. hpwatcher said...
Good.
5. Orwell said...
Neither Crash nor Dhaling have run anything. Crash did a degree on the history of the Labour party (that was). Dhaling worked on the Human Rights gravey train (probably involving Cherie Booth?). Both of these 'occupations' were gifts and sinecures from the UK taxpayers.
There is simply no body of any stature in the Labour party (save of course Dawn Primorolo who used to enthusiastically wave the red flag and would now wave a writ if anybody reminded her and Harriet Harperson and Patricia Hewitt, both of whom belonged to the National Council of Civil Liberties and then went to the Eurpoean Court of Human Rights to get any evidence thus expunged (according to Private Eye for career purposes))!