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Redcellar

The Fpc: Running The Financial Economy?

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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?

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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 by Redhat Sly

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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