Saturday, March 22, 2008

Reckless borrower may pay for reckless lending afterall.

Homeowners to pick up £1.3bn bank bill of ‘reckless’ mortgage lenders

This is a bit of circular argument by the Sunday Times. Shock homeowners to pay £1.3bn for reckless lending. Think not - just credit risk pricing returning to normal.

Posted by mike livingstone @ 11:20 PM (505 views)
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One thought on “Reckless borrower may pay for reckless lending afterall.

  • Once again mortgagees are described as ‘homeowners’ not as debtors, which is what they really are.

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