Sants @ Fsa Says "era Of Cheap Credidit Is Over"

[A.steve]

http://uk.reuters.com/article/businessNews...l=0&sp=true

While obvious to us, it is good to note that the regulators are now making it explicit that they understand too.

[drrayjo]

http://uk.reuters.com/article/businessNews...l=0&sp=true

While obvious to us, it is good to note that the regulators are now making it explicit that they understand too.

Did you hear the Banking Industry woman on Today ranting ON and ON with NO CHALLENGE that UK lending is already very concerned with risk and already does the traditional, get-to-know-you lending, and that securitised mortgage books are an unmitigated GOOD THING by letting people get credit when they couldn't before and that Northern Rock were the only ones who were 'going too far' and spoiling it for everyone. Wouldn't be drawn on whether Sants was "right or wrong".

What an absolute load of relentless old 5HIT!

And that Sturton w&nker just lets it slide like it's gospel.

Worst Radio 4 interview in AGES.

(I know I'm ranting but that made me angry)

[AteMoose]

for some reason i read 'santa says'... ;p