Friday, August 8, 2008

Let The Whole Sorry Saga Play Out – Quickly!!

Solutions may make credit crunch worse

"It is 16 years since the British economy was last in a recession. Most of our leading politicians and bankers have forgotten what it's like. They will soon relearn". .............. "It may sound like a counsel of despair but the best thing may simply be to hunker down and wait for prices to adjust and for the banks to restore their reserves so they're once again willing to lend."

Posted by renting2 @ 02:58 PM (613 views)
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2 thoughts on “Let The Whole Sorry Saga Play Out – Quickly!!

  • Eternal Sceptic says:

    Hmmmmm! Interesting viewpoints. Seems to me the main point has been carefully sidestepped.
    Surely the whole pack of cards collapsed because it was beginning to be discovered that a degree of crimminality had infested the edifice at every level. For the banks to reinflate their coffers again they need to be seen to be pure as driven snow (???).
    When can we have the first major prosecutions?

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  • last_days_of_disco says:

    “There were calls for a new government agency to back mortgages. After the costly problems of Fannie Mae and Freddie Mac in the US that doesn’t look too cleaver either. ”

    Cleaver? An apt reference to butchery or is the spilling chequer, misbehaving again.

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