Jump to content
House Price Crash Forum

spyguy

Members
  • Posts

    28,660
  • Joined

  • Last visited

Everything posted by spyguy

  1. Nah. It'll be bank lending, which will be tracking yields and risk. Im surprised people are still able to borrow much i nthe way for BTL. But a lot of BTL lending does see,m to come from the smaller, less regulated cheque-cashimg type of operations.
  2. Yes. A quick google leaves you a bit slack jawed. She's had a bit of a demotion: London to rogue builders in the provinces. Keep complaining and raising the issue up. Ask them to define the term 'heavily'. Did she have an interest or did she not have an interest?
  3. I say specialist lender as I would not want to be regulating large banks where the loan books are stuffed full of IO BTL. The behaviour of a bank's loan books with normal mortgages is reasonably well understood - but was ignore during the run up to 2007. IO BTL is nuts on so many levels. 1) Can the BTL LL cover the mortgage payment? If not, dont lend. 2) You need a chunky deposit to de-risk the loan. a 5% dposit, which is then withdrawn to buy another BTL is fcking nuts. 3) With IO the risk is not reduced over time. The bank has the same risk 10 years down the line. Mainstream, regulated banks should not be involved in any IO lending at all. It should be left to the pay-day loan and specialist, unregulated lenders, charing ££% The FT has an article on bank capital: FT explainer: Bank capitalhttp://www.ft.com/cms/s/0/7d15057c-d633-11e5-829b-8564e7528e54.html#axzz40GKaNYqq
  4. Probably. The concentration of risk and over leverage with BTL loans is insane. I keep repeating myself but IO BTL are so risky that they should be left to 'specialist' lenders and the IO bit should have never been allowed.
  5. No, its doles it out to dosser, and taxes workers.
  6. http://www.ft.com/cms/s/0/1ce47f30-d64b-11e5-829b-8564e7528e54.html#axzz40ECsFn9r You go, you go. You can see why Cameron is running himself ragged. Stupid that they did not leave the changes to benefits rather than tagging on protection of the City to it. Esp. when you consider who much the banking sector is due to contract anyhow. D1cks!
  7. There business is making students employable and increasing their earning prospects over + above what it would have been if they started work from school.
  8. Because most 18 year are thick as sh1t. They are being told to go to Uni by the Gov + the educational establishment. All 3 need skin in the game. Until the Gov + edu.estab start saying stuff like 'Maybe going to Uni is not you....'
  9. It is a tax - at the moment. I would liek to see the tax rate set in stone when you take on th debt rather than changing during the period. Rather than doing it sanely - setting it as a tax, and only letting HE expand if x% of their grads were paying enough cost to cover the cost. Bliar decided to grossly expand the number of graduates - despite evidence that 60%+ of grads did not benefit financially from going to Uni. What ought to happen is the risk should be split 3 ways - student, Uni/lecturers and Gov. If a grad fails to reach, say, 150% of average earnings, than the loan defaults and Uni and Gov take a hit too. At the mo, the financial risk of someone doing an Art History degree is born enitrely by the student. The Gov gets to avoid dole payments and the Uni gets make-work scheme.
  10. There's little in the way of highly paid tunr up and get a job work. You're going to have to make your own work, outside of O+G. That's what I tell people in the NE fof Eng.
  11. Again, the link between plebs, politicos, Fed and banks in the US is very different in the US. Its dawning on the US politicos that it may be them or the big banks that get hung from a lamppost.
  12. Thats a first for an O+G. Most only find that out when the money stops. Pingpong fly back to Saigon.
  13. Anti-establishment is too broad. Most antis in the US live in huts in the Utah back woods. I think he's significant because of who he is, where he his, where hes come from and where the US politically at the mo. The Fed is much bigger org than the BoE.. In the US, finance and trade is a much smaller percetnage of the economy he the UK or other developer countries.
  14. No. Disagree, I see this sort of stuff on my (Northern) home town's FB page. There are few landed gentry. They do no offshore their money. Most is tied up in a trust. If you want to screw over the landed gentry then scrap Farming subs. Thats all. As far as a tiny percentage of benefits claimants. Balls. There's entire towns in the NE scamming it. Rather than public money beingpent on fantastic infrastructure like transport and schools, it gets given away and p1ssed down 'spoons and chumped in Greggs.
  15. There was a significant number commuting up from NE England. There time in Aberdeen was just getting off the train and onto a helicopyer. You would have barely seen them, I would say O+G sector - be it scaffolding, protection vessels, painting, etc, was a significant employer in the area Blyth down to Hull. Seriously! Without thinking hard, I know of about 10 people in my local villages used (note the word 'used') to work in O+G. The knock-on effect will be pretty large - no one spends like an O+G on his 4 weeks.
  16. Was going to post on one another the other threads. I forgot. Now another article has popped up. On FT. Sorry! But google a bit Basically, the guy who was dragged in from Goldman Sachs to clean the 2002-2007 mess up. https://en.wikipedia.org/wiki/Neel_Kashkari Had a run a Calif Gov. Failed. Appointed to Minn. Fed. First article to catch my eye, from this week. Break up the Banks. http://www.ft.com/cms/s/0/9f13e542-d4cd-11e5-8887-98e7feb46f27.html#axzz40NezgiTY Now another: Fed must act on economic anger. http://www.ft.com/cms/s/0/9a0d1408-d50c-11e5-8887-98e7feb46f27.html#axzz40ECsFn9r Now, the more tinfoil hat wearers will be saying 'Ahh thats GS, trying to get on side with the pitch forks/Saunders'. And the anger from 2007 in the states is increasing rather than being forgotten. FFS one of the front running contenders is a 'Democratic socialist'! In the US!!!!! The equivalent i nthe UK would be the Pedophile Info Exchange party! I don't the anger is going away. It looks like the non-NY Feds have found their champion. The Fed has regional chairmen. The NY Fed, because of Wall St, has always pulled the rank. After the 2007 upset, the non-NY Feds are a bit upset and want NY fed shutdown, or at least not captured by Wall St. Plus points - he's not an economist. Which is good!
  17. Thats nuts. Citizen income is a libertatrain thing where you look at how much the state speds on stuff and say, Screw it, just give them the money and leave them alone. Labour's take on it is to give the money and then employ loads of people to check how its being spent! And the 'excluded disabled. Do they mnean the 10% who are properly disabled, or the other 90% who are winging it?
  18. Fck me! The Ins have brought the heavy guns out: http://www.dailymail.co.uk/news/article-3449390/Emma-Thompson-leads-luvvies-telling-Britain-stay-Europe-not-retreat-cake-filled-misery-laden-grey-old-island.html Actress insisted she 'felt European' despite living in 'Britain and Scotland'
  19. There was a valid grumble by the operating companies that the majority of O+G were too fat, and there was a serious risk that they would not be able to get out of a helicopter window if it ditched. One thing I expect to happen is a severe tightening of of heath and age restrictions. I doubt you'll see many people over 55 on rigs any more.
  20. Im assured by every O+Ger I meeting the NE (England) that they could earn that money in any industry. They graft hard and are skilled. I also remember being told by a tax idriver in the late 90s that he used to eanr 50K working on the rigs .. until 1986. Lost his contract, never allowed back on. The majority of UK O+G workers will never in it again.
  21. Again, for a bit of real life software/hadrware 'fun', you might want to look at the WIndows 10 thread on 'Off topic' Here you have a standardish hardware, running a genericish software platform. Look how all the little glitches spin out of control.
  22. We are in a free labour movement block. 26 states have contributory benefits + health systems. 1, the UK, does not.
×
×
  • Create New...

Important Information