Tuesday, September 25, 2007

IMF states the obvious

IMF Fears over Britain's sub-prime market

"The International Monetary Fund has warned that Britain's sub-prime mortgage system is comparable to the United States, sparking fears about the stability of the housing market."

Posted by swiss toni @ 07:15 AM (607 views)
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One thought on “IMF states the obvious

  • The Chancellor has been told enough times on this issue. Perhaps the IMF has more credibility than we have, but there is no guarantee the current Chancellor will take any more notice.

    Watch the rates go down by 0.25% soon – it’s politically expedient, that’s why.

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