Redcellar Posted February 18, 2011 Share Posted February 18, 2011 Or should that read housing bubble 'disgust'? Anyway poor joke. Sorry if this is a repost, don't think it is. And unbelievably its from the Beeb! http://www.bbc.co.uk/blogs/thereporters/robertpeston/2011/02/the_fpc_running_the_financial.html Or the FPC could direct the PRA to increase the risk weighting attached to certain categories of credit - which would have the effect of forcing banks to hold more capital relative to that kind of lending, and thus nip an incipient bubble in a particular market in the bud. So for example if regulators had done this for mortgages in the five years before 2007, it would have been more expensive for banks to provide mortgages, and there might not have been quite such a dangerous boom in the housing market as the one we experienced. Basically, the propose replacing the FSA with a couple of bodies and an oversight comittee. And the comment above was beautiful. Maybe this means no more propping up of a false housing market? Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted February 18, 2011 Share Posted February 18, 2011 (edited) Or should that read housing bubble 'disgust'? Anyway poor joke. Sorry if this is a repost, don't think it is. And unbelievably its from the Beeb! http://www.bbc.co.uk/blogs/thereporters/robertpeston/2011/02/the_fpc_running_the_financial.html Basically, the propose replacing the FSA with a couple of bodies and an oversight comittee. And the comment above was beautiful. Maybe this means no more propping up of a false housing market? A chimpanzees tea party would be more useful than the FSA. Edited February 18, 2011 by Redhat Sly Quote Link to comment Share on other sites More sharing options...
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