Wednesday, Dec 03, 2008
GB - A lunatic running the asylum?
Mail: Homeowners to get two-year mortgage interest 'holiday' if their income is cut by credit crunch
''Homeowners will be spared the threat of repossession under a new government-backed scheme to guarantee mortgages, Gordon Brown announced this afternoon. ''
Posted by hpwatcher @ 07:09 PM (872 views) Add Comment
6 Comments
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1. little professor said...
They're going mad - they're not even trying to be sensible or responsible any more.
PANIC PANIC PANIC
2. planning4acrash said...
So, if in appears, to avoid reposession, kick up a stink, get sacked, and live off the rest of us, move out and rent out the room, and claim benefits!! Govt sponsored interest holidays, paying for the next buy toilet boom!
3. planning4acrash said...
I meant to begin that comment saying arrears, not appears! Does anybody know whether Lord Mandelson, Socialist EU minister for Britain (masquerading as an MP) will be drawing up a list of homeowners to be saved? Presumably Tony could do with a hand?!
4. fjcruiser said...
At this rate, it will be the entire mortgage payers being reposessed in 2 years time. Iceland is looking even closer folks.
5. planning4acrash said...
Let the bankers take over and your children will wake up homeless in the country their forebears conquered, or something like that! Where is the British movement for sound money? To rout the melamine & flouridealert.org? They got hijacked by climate cops.
6. Dantheman said...
What is utterly insane about this, is that Gordon Brown is actually tricking people into holding onto, a rapidly depreciating asset, they cannot afford to pay for now, so unless they ? Win the lottery? they probably wont be able to afford in three, six, eighteen months time.
So when your house gets repossessed, 18 months down the line, after the so called 'mortgate holiday' it will be worth probably 50% to 70% less than it is today! [Depending on where you live and what you live in]
Why?
Because Gordon Brown wants to 'appear' to do you a favour so you will vote for him when he calles for a general election.
And it was his reckless and feckless mismanagement that got us here in the first place!
He is more dangerous to the country than Al Qaeda! They could never have done this much damage!