Tuesday, September 16, 2008

Banks hoarding cash = higher mortgage rates

Nervous mood sees interbank lending dry up

There seem to be some dullards in the press thinking that the worst is now over and "♩ things can only get better ♩". Sorry, but its a zero sum game and the tab has still not been paid yet.

Posted by paul @ 09:38 AM (446 views)
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2 thoughts on “Banks hoarding cash = higher mortgage rates

  • Don’t worry – DHL have just arrived with another 20 Billion from the BoE. Panic over…

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  • Don’t worry – DHL just arrived with another 20 Billion from the BoE. Panic over…

    Reply
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