Friday, Dec 15, 2006

Lenders May Soon Tighten Secured Lending - Oh Dear

Money Week: The taxing truth behind the Stern report by John Stepek

Link this article with the one "Times Online: Economics: Shakey Foundations with Joe Bolger". Lenders are tightening unsecured loads as bad debt rises. With IVAs/Bankrupts/Reposessions ticking up, how long will it be before Lenders tighten Mortgage criteria. The Media are doing well today! Hello Glorious Sunshine. Your intellectually rigorous comment please.

Posted by talking rot @ 02:36 PM (518 views)
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1 Comment

1. paul said...

Gordon's taxgrab net widens.

Didn't someone say something yesterday along the lines of "no, Gordon would never allow assets to inflate simply for a 72% increase in tax revenue!".

Well, the truth - unfortunately - is stranger than fiction, monty.

Friday, December 15, 2006 05:22PM Report Comment

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