cashinmattress Posted March 22, 2009 Share Posted March 22, 2009 Darling to give backing to mutual model The chancellor has spoken warmly about the mutual model, embodied in institutions such as Nationwide, which tend to run a less risky business model, based on savings and lending. The Treasury is assessing potential legal or regulatory changes to help mutuals ahead of the white paper. There are some on here that will empty their venom sacks about this, as building societies are generally much stricter when it comes to lending, which does not bode well with rampant HPI. Oh well. Comme ci comme ça. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted March 22, 2009 Share Posted March 22, 2009 Mandellson is also into a mutual model. Quote Link to comment Share on other sites More sharing options...
mikeymadman Posted March 22, 2009 Share Posted March 22, 2009 Mutuals like Dunfermline Building Society, which is based not that far from Mr Darling? http://news.bbc.co.uk/1/hi/scotland/7957756.stm Quote Link to comment Share on other sites More sharing options...
Luke Skywalker Posted March 22, 2009 Share Posted March 22, 2009 Darling to give backing to mutual modelThere are some on here that will empty their venom sacks about this, as building societies are generally much stricter when it comes to lending, which does not bode well with rampant HPI. Oh well. Comme ci comme ça. You have to admit that wee Allie Darling does have an impeccable sense of timing: http://www.housepricecrash.co.uk/forum/ind...howtopic=108871 What a plonker!! Quote Link to comment Share on other sites More sharing options...
cashinmattress Posted March 22, 2009 Author Share Posted March 22, 2009 But we need a return to local banks for local people.... Quote Link to comment Share on other sites More sharing options...
jocohen Posted March 22, 2009 Share Posted March 22, 2009 You mean a savings institution thats honest, transparent, not trying to make a quick buck, whatever next - good politicians and honest estate agents! Quote Link to comment Share on other sites More sharing options...
Mick Dundee Posted March 22, 2009 Share Posted March 22, 2009 Mandellson is also into a mutual model. Mandellson is into blokes as well, but I wont be following any advice on that either. Quote Link to comment Share on other sites More sharing options...
Bjørn Posted March 22, 2009 Share Posted March 22, 2009 Mick Dundee knows the Dunny when he sees it. What would Mick do with the Dunny Bank? Number ones? Or number twos? Quote Link to comment Share on other sites More sharing options...
Moo Posted March 22, 2009 Share Posted March 22, 2009 Given the state of the survivors, he's pretty much limited to saying "I like mutuals" or "I like HSBC" if he's going to make a positive comment about lenders. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted March 22, 2009 Share Posted March 22, 2009 Yet more policy on the hoof. It's all Labour do make an announcement, nothing happens, move on make another announcement nothing happens. Keep repeating and you've got govt policy. Quote Link to comment Share on other sites More sharing options...
A.steve Posted March 22, 2009 Share Posted March 22, 2009 Darling To Give Backing To Mutual Model, I read that in my dead-tree FT this weekend... and I thought... Oh, yes - the mutuals have been asking for something recently... what was is now... oh, yes... raise interest rates! Somehow I doubt Darling does intend to give his backing - I expect he hopes to help them to the same position of weakness in which the banks currently reside. Quote Link to comment Share on other sites More sharing options...
Ulfar Posted March 22, 2009 Share Posted March 22, 2009 If he is so keen on mutuals maybe he would like to stop taking money from them to make up for all the other useless feckers that have gone broke. Quote Link to comment Share on other sites More sharing options...
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