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The Art Of Running Backwards At Full Tilt Without Falling Over

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Have they got it in them?

Doubt it.

Give them a kick for me, when they're down. :lol:

There will be plenty more names to add to this list too.

The market can do two things now - adjust quickly to resume volumes at sustainable earnings ratios or they can stick it out and drag it out the falls as long as possible and take the EA industry, surveyors, builders, conveyancers, etc with them.


Lenders snub high-risk borrowers

Mark Choueke

Last Updated: 1:30am BST 16/09/2007

Homeowners with bad credit histories face being unable to find a mortgage as several specialist lenders rush to remove high-risk offerings from their portfolios.

# Northern Rock appeals for white knight

# More on the subprime crisis

# Audio: Northern Rock customers

High-profile lenders including Kensington Mortgages and Amber, owned by Skipton Building Society, both removed higher-risk products such as second charge mortgages from the market last week. The moves follow Victoria Mortgages going into administration and the decision by Lehman Brothers to close its London Mortgage Company and Southern Pacific Personal Loans brands last week.

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