Friday, Jun 05, 2009
Available housing finance 0 pence
Reuters: Most UK property lenders unable to shrink loan books
"the next 5 to 10 years for banks will be about managing existing loan books" Um, available financing is zero, but divide that by a normal transaction level of 100,000 a month. wait, think, think, price level must be..oh too difficult.... The poor unfortunate banks don't seem to realise the big plan is to reflate the housing bubble, and are trying instead to shrink their loan books. The toothpaste will not go back in the tube though, so plan b) rewrite loans for longer terms at more profitable margins.
Posted by stillthinking @ 10:14 AM (335 views) Add Comment
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