Thursday, August 14, 2008

King squares up to Darling

King opposes Treasury's liquidity plans

Mr King dismissed the idea of public backing for new mortgage securities. He said: “It would be a very dangerous move to [have a] situation where the Government saw its major role as guaranteeing lending. Why should the taxpayer take on the risk of borrowing by individual borrowers, some of whom are risky? It’s the lenders who should take the risk . . .

Posted by sold out @ 07:32 AM (888 views)
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3 thoughts on “King squares up to Darling

  • it_is_going_with_a_bang says:

    Brown and Darling must be choking on their coffee.
    Once again I still can’t see where the big problem is? If you want a 90% mortgage you can have one. There are plenty of offers out there.
    It is just those without a deposit that will have a problem.

    The government just has to accept that prices are too high and need to come back down to earth and stop trying to think up stupid policies with fancy names to try and impress people.
    The only thing that would impress me would be a government that spoke the truth and just accepted publicly that prices are too high and need to be left alone to adjust.

    I hardly think Brown and Darling could do any worse – they may aswell just come out and say it. They don’t have the respect or indeed the vote of most people so they may aswell start telling the truth and hope that restores some dignity.
    But then – that would mean admitting they have been wrong – something Brown IMO would never do. Which is why he won’t be winning another election.

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  • Whostolemyendowment says:

    Careful Mr King, or there will be a steady drip-drip of negative rumours released about your competence {which has already begun}…..then the knives will be out to get rid of you, and put in a more compliant replacement.

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  • If there wuz votes in it they’d guarantee credit card lending.

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