Tuesday, Sep 19, 2017

What nonsense | HPC saw it coming

BBC News: The collapse of Northern Rock: Ten years on

The "experts" want to ABDI-cate all responsibility for being clueless. This very forum provided sound insight into the CDO crsisi over 10 years ago.

Posted by lvmreader @ 06:52 PM (4202 views) Add Comment

1 Comment

1. tenyearstogetmymoneyback said...

Ironically some reporters at the BBC saw the financial crash coming 14 years ago

https://www.youtube.com/watch?v=vT1UnGS91BY

As I have commented before I sold my Halifax shares the next day thinking that they might lose their Banking Licence, and that at the very least rules would be tightened up. Instead there was no reaction from the authorities.

Anyone else remember the infamous Northern Rock "Together" mortgage? Borrow 125% of the purchase price so you could have a new car and a holiday to go with you new home. What could possibly go wrong.

Monday, October 2, 2017 10:34PM Report Comment
 

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