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Guest barebear

The banks are saying its the end of cheap money and they're reverting back to the old way of doing things like getting to know their customers and getting them to save before they get a mortgage !!

So it looks like we're going to get what we want regardless of interest rates or any interferement by Brown et al.

Cash is king from now on or unleast until the banks are heavily back into profit.

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The banks are saying its the end of cheap money and they're reverting back to the old way of doing things like getting to know their customers and getting them to save before they get a mortgage !!

So it looks like we're going to get what we want regardless of interest rates or any interferement by Brown et al.

Cash is king from now on or unleast until the banks are heavily back into profit.

When are they out of profit? They are reporting profits when things are supposedly terrible!

But yes we are being softened up by the Ministry of Propaganda aka BBC News.

Next Week on EastEnders: Peggy fails to get a re-mortgage secured on the Queen Vic!

Edited by rover2000

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Don't we have to have a housing slump, then crash, a british subprime crisis, Northern Rock mortgage holders "just walking away", recession, rampant unemployment, rampant inflation, Poles earning more in poland and a call to join the Euro before banks will come back into making a hefty profit again? :P

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When are they out of profit? They are reporting profits when things are supposedly terrible!

Yes but they are reporting less profit than previously, and shareholders really don't like that. And people with a large amount of those shares, like directors really really don't like that.

Plus, this is only the beginning. The writedowns are going to be flowing more freely than the wine in the city bars this year.

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I watched this several times on the BBC today, read it on their website also . can't get my head around one thing though... Apaprently we are all going to have to accept more expensive loans... OK, no problem with that.

But IRs are being pushed down by the BOE so the Public, be you borrower or saver, is equally being screwed by the banks. Arguably, the banks are screwing savers bigtime. They need the cash from savers but are not offering decent rates of return but are then using that cash to get their value back up by charging higher IRs to borrowers.

RIP OFF BRITAIN!

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When are they out of profit? They are reporting profits when things are supposedly terrible!

But yes we are being softened up by the Ministry of Propaganda aka BBC News.

Next Week on EastEnders: Peggy fails to get a re-mortgage secured on the Queen Vic!

...many are reporting profits but know lurking, there are 'poisoned wraps' about to spring with potential damage to future profits... <_<

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  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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