Jump to content
House Price Crash Forum

Boe: We Can't Control Mortgage Rates


Recommended Posts

Check it out tomorrow - unfortunately I missed which paper, but its FRONT PAGE NEWS!!!!

Also Alistair Darling: Banks Should Return to Old Lending Practices - FRONT PAGE NEWS

Central bankers are evil. They should have never kept rates so low for so long. Now the market has taken control of them.

Edited by Pluto
Link to post
Share on other sites
Central bankers are evil. They should have never kept rates so low for so long. Now the market has taken control of them.

http://business.timesonline.co.uk/tol/busi...icle2441893.ece

Mr Paulson visits London next week for his first talks with Alistair Darling since he became Chancellor, as well as a meeting with Gordon Brown. He also travels to Paris to meet Christine Lagarde, the French Finance Minister. Mr Paulson said the recent financial turmoil was likely to be the main focus of the discussions.
Link to post
Share on other sites
Central bankers are evil. They should have never kept rates so low for so long. Now the market has taken control of them.

Nope. Central bankers just try to keep the economy ticking over. In the end though they can only do so much and the market will have its way.

It was greed financiers, and the greedy public in a terrible deadly embrace that created this bubble. There are many examples of Mervyn King warning both the city, and the general public not to overdo the debt. In the end its the borrowers and the lenders who created this and ignored many warnings. Abetted by a government for whom it was expedient for all this to happen.

Link to post
Share on other sites
Nope. Central bankers just try to keep the economy ticking over. In the end though they can only do so much and the market will have its way.

It was greed financiers, and the greedy public in a terrible deadly embrace that created this bubble. There are many examples of Mervyn King warning both the city, and the general public not to overdo the debt. In the end its the borrowers and the lenders who created this and ignored many warnings. Abetted by a government for whom it was expedient for all this to happen.

The central bankers' foot soldiers, they knew what was happening you couldn't be THAT thick or that IGNORANT of what was going on not be to absolutely complicit in the whole shell game. Well they've ******ed up good and proper now. They've turned economics, whole econmies and peoples' finances on their head a result. I don't know which of those individual situations is worse, altogether, all three - well it is utterly unprecedented.

Edited by OnlyMe
Link to post
Share on other sites

The thing is, in a few years time, everyone will be saying...WHAT THE HELL were the USA doing with 1% interest rates. It really was the most absurd situation.

In relation to the UK, after a government has been in for too long, the whole establishment becomes rotten. Look at what we have now, the BBC just a government mouthpiece, the BofE doing whatever is required to follow government policy, the ruling party taking money from companies who will benefit from favourable legislation. It was exactly the same under Thatcher/Major. Unfortunately, we have no viable opposition to the current government at the moment.

Link to post
Share on other sites
no problem. Darling seems to have kept, (or been forced to keep), a very low profile since he took the poisoned chalice. About time he put his head over the parapet. I can't decide whether he's dispensing the unpalatable truth on behalf of GB, or being a thorn in his side. I suspect the former.

TLM

You could be right. Thing with Gordon though, was he having his arm twisted to let it happen. Was Tony (or his masters) the instigator??

edit: correction of drunken grammar. ;)

Edited by OzzMosiz
Link to post
Share on other sites
The central bankers' foot soldiers, they knew what was happening you couldn't be THAT thick or that IGNORANT of what was going on not be to absolutely complicit in the whole shell game. Well they've ******ed up good and proper now. They've turned economics, whole econmies and peoples' finances on their head a result. I don't know which of those individual situations is worse, altogether, all three - well it is utterly unprecedented.

Exactly.

They can not come out and say it was not their fault or within their remit without having the totally incompetant badge being put on them.

Link to post
Share on other sites
Check it out tomorrow - unfortunately I missed which paper, but its FRONT PAGE NEWS!!!!

Also Alistair Darling: Banks Should Return to Old Lending Practices - FRONT PAGE NEWS

The BOE can control rates but not at the right time due to external pressures,Thats why we are in a mess now.The sad thing about it they know what the effect of ill timed actions are, but to them its just a case of some punters will have to be sacrificed.

You can bet they will have thier house in order before the Sxxt hits the fan.

Link to post
Share on other sites
Central bankers are evil. They should have never kept rates so low for so long. Now the market has taken control of them.

......Central bankers...sorry.....this was Government policy....Gordo's policy ...which has gone astray....the market adjustment is the natural balance coming into effect due to the poisoning of the markets...again nothing to do with central banks ....but a lot to do with either Government's in a 'muddle both sides of the puddle' unable to either implement regulation or even introduce it......result ...big sting by bandits...not bankers......!.....maybe styled bankers......now Governments know certain people cannot be trusted.....and are they themselves up to the job.....?..... :o:o:o

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.