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Guest Popalot

Private Eye "in The City"

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This week's Eye has a well researched whole page on lax lending, the toothlessness of the FSA and their role in allowing the City to do whatever they like, a la Gordon and his Darling.

They focus on GE Money Home Lending - "fast becoming the lender of last resort to the UK sub-prime market as other lenders like Kensington and GMAC pull back".. Apparently the FSA have decided to pick on them, after a deep slumber with regards to everyone else, but as the Eye points out, with the UK housing market in the situation it is in..."curbing GEMHLs activities could help precipitate the very crisis it hopes to avoid"

More repos, more hedge funds tipping over....all this malpractice is becoming mainstream news. For the Eye to bother..... :P

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This week's Eye has a well researched whole page on lax lending, the toothlessness of the FSA and their role in allowing the City to do whatever they like, a la Gordon and his Darling.

They focus on GE Money Home Lending - "fast becoming the lender of last resort to the UK sub-prime market as other lenders like Kensington and GMAC pull back".. Apparently the FSA have decided to pick on them, after a deep slumber with regards to everyone else, but as the Eye points out, with the UK housing market in the situation it is in..."curbing GEMHLs activities could help precipitate the very crisis it hopes to avoid"

More repos, more hedge funds tipping over....all this malpractice is becoming mainstream news. For the Eye to bother..... :P

It should be headline news every single day......

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This week's Eye has a well researched whole page on lax lending, the toothlessness of the FSA and their role in allowing the City to do whatever they like, a la Gordon and his Darling.

They focus on GE Money Home Lending - "fast becoming the lender of last resort to the UK sub-prime market as other lenders like Kensington and GMAC pull back".. Apparently the FSA have decided to pick on them, after a deep slumber with regards to everyone else, but as the Eye points out, with the UK housing market in the situation it is in..."curbing GEMHLs activities could help precipitate the very crisis it hopes to avoid"

More repos, more hedge funds tipping over....all this malpractice is becoming mainstream news. For the Eye to bother..... :P

...thanks must buy a copy....humour is the best way to communicate..... :lol::lol::lol:

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