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B Of E Tells Banks To Run Down Their Capital And Lend

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http://uk.reuters.com/article/2011/09/28/uk-britain-boe-fpc-idUKLNE78R03920110928

(Reuters) - Britain's banks face growing risks from the euro zone debt crisis but may need to run down capital levels to keep credit flowing rather than building up additional buffers to deal with losses, the Bank of England said on Wednesday

BofE going to QE in November to replenish?

I hope the lending is to sound business and not liar loaners

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All well and good lending, but to lend you have to have a good chance of getting it back, otherwise you not only lose the little bit of interest, you lose the capital as well....then where would you be? ;)

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http://uk.reuters.com/article/2011/09/28/uk-britain-boe-fpc-idUKLNE78R03920110928

BofE going to QE in November to replenish?

I hope the lending is to sound business and not liar loaners

All they need to do now is to give tax breaks to encourage people to borrow . You know you really want to have more debt, take what you want, you've earned it.

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http://uk.reuters.com/article/2011/09/28/uk-britain-boe-fpc-idUKLNE78R03920110928

BofE going to QE in November to replenish?

I hope the lending is to sound business and not liar loaners

A contradiction in safe lending practice is what they are advocating. No British bank would pass a stress test then because the requirements are being thrown out of the window in some last gasp hope that lending more will suddenly lead to growth. It can't because the economy is on the slide - a slope it actually needs to go down to recover in a normal unfettered way. Living standards will reverse not only for Greece by up to 30 years but possibly for all the Eurozone. Still, it was nice being able to buy a house on an average income wasn't it !? We still went to Spain or Scraborough for our holidays. We had one car, not two and more bicycles. We had more picnics and less expensive coffee and snacks. Invest in picnic equipment I say....

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All they need to do now is to give tax breaks to encourage people to borrow . You know you really want to have more debt, take what you want, you've earned it.

how do you think corporate Monopoly and size has grown and flourished over the decades, what do you think makes private equity work?

Debt has continuously carried ever greater tax advantages for decades, its a fundamental part of the reason for peak debt

Edited by Tamara De Lempicka

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how do you think corporate Monopoly and size has grown and flourished over the decades, what do you think makes private equity work?

Debt has continuously carried ever greater tax advantages for decades, its a fundamental part of the reason for peak debt

Yes, that is true....but in that case do you think we still need more, or are we over saturated, time for some deleveraging before contemplating taking on any more? ;)

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"To me, to you, to me, to you." Never mind the lunatics taking over the asylum, the f***** Chuckle Brothers are in charge now. Recapitalize or lend? WHICH IS IT? Now wonder we're in a goddamn mess.

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Yes, that is true....but in that case do you think we still need more, or are we over saturated, time for some deleveraging before contemplating taking on any more? ;)

Dont really matter what i think, the credit/debt/social cycle is driving this, the deleveraging is no more avoidable than the leveraging that led up to it, the reality is the only ones wanting to invest are the govt, because they are using other peoples money, id wager that every state payed employee (including MPs) is exhibiting exactly the same relatively frugal spending patterns with their own money as everyone else and every other company, eventually the govt will run out of the ability to waste/spend/invest other peoples money, thats all anyone needs to know, you cant change mass social psychology and because of that you cant reverse a credit cycle, only the masses can do that, spending will genuinely recover so that sound long term investment can be made once savings are rebalanced, the timing of that is a matter of opinion but not the reality of it

Edited by Tamara De Lempicka

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"To me, to you, to me, to you." Never mind the lunatics taking over the asylum, the f***** Chuckle Brothers are in charge now. Recapitalize or lend? WHICH IS IT? Now wonder we're in a goddamn mess.

That's unfair on the chuckle brothers, there's no way on earth we would be in this sort of mess with them in charge.

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A contradiction in safe lending practice is what they are advocating. No British bank would pass a stress test then because the requirements are being thrown out of the window in some last gasp hope that lending more will suddenly lead to growth. It can't because the economy is on the slide - a slope it actually needs to go down to recover in a normal unfettered way. Living standards will reverse not only for Greece by up to 30 years but possibly for all the Eurozone. Still, it was nice being able to buy a house on an average income wasn't it !? We still went to Spain or Scraborough for our holidays. We had one car, not two and more bicycles. We had more picnics and less expensive coffee and snacks. Invest in picnic equipment I say....

+1 and as MrPleasant says...

"To me, to you, to me, to you." Never mind the lunatics taking over the asylum, the f***** Chuckle Brothers are in charge now. Recapitalize or lend? WHICH IS IT? Now wonder we're in a goddamn mess.

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BoE's credibility sinks below zero.

On the other hand its credibility for every stage policy failure is very much in rude health.

Arise Sir Mervyn of the Spendthrift Casino.

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(Reuters) - Britain's banks face growing risks from the euro zone debt crisis but may need to run down capital levels to keep credit flowing rather than building up additional buffers to deal with losses, the Bank of England said on Wednesday

Blimey, that's just the same policy they followed in the run up to the crash.

Sir Mervyn for sure you are the master of devastion for the UK economy.

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  • 336 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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