interestrateripoff Posted May 9, 2016 Share Posted May 9, 2016 Banks have to lend money to exist. Yep if they don't lend they don't generate future income. If they don't expand lending they risk not increasing future profits. Quote Link to comment Share on other sites More sharing options...
The Young and the Nestless Posted May 10, 2016 Share Posted May 10, 2016 Was just emailed this: Looking to buy a Shared Ownership home, but struggling to raise the deposit alone? Then buying with a friend could be the way to get your first foot on the property ladder. https://lqpricedin.co.uk/buying-shared-ownership-with-a-friend/ Quote Link to comment Share on other sites More sharing options...
renting til I die Posted May 10, 2016 Share Posted May 10, 2016 Nothing new there, all the brightest people have been doing that for years! Quote Link to comment Share on other sites More sharing options...
eric pebble Posted May 10, 2016 Share Posted May 10, 2016 A ponzi needs to keep expanding to give returns to the members.....coincidence ? Sooooooooooooooo right!!! You've hit the proverbial nail on the head Con! The whole "housing market" is - and has been - the Greatest EVER Ponzi Pyramid GIGANTIC FRAUD of ALL TIME --- Powered by PREDATORY LIAR LOANS... Quote Link to comment Share on other sites More sharing options...
Mikhail Liebenstein Posted May 10, 2016 Share Posted May 10, 2016 Banks are in competition, so they will compete for more business by lowering lending standards. I doubt any baks will stand by and say you know what we will scale back the mortgage lending department and write down the value of our loan books. Hey, I've got a great idea- let's take a bunch of these mortgages issued with looser lending criteria; we can bundle them up, and then create a number of tranches, with the D tranches receiving the highest interest rates but taking the defaults first, and then on through C, B, A and A+, with the senior tranches on the lowest interest rate getting hit last - we can then sell the top tranche as triple A. What could possibly go wrong? Quote Link to comment Share on other sites More sharing options...
BarryT Posted May 11, 2016 Share Posted May 11, 2016 ha ha ha ha ha ....oh what a laugh. One of our correspondents says banks have to lend money to exist. Er yes, but the money they are lending is ours, yours and mine, with no collateral to back it up. So when it all goes wrong, and it will, the banks will close or give out dribs and drabs because they cannot possibly cover all the loans of our money they give out under the corrupt and cankered fractional reserve banking system. Quote Link to comment Share on other sites More sharing options...
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