Thursday, November 6, 2008

In response to the previous post …

'No rush' to cut mortgage costs

"We want the banks and building societies to pass on the interest rate cuts to their mortgage holders," Prime Minister Gordon Brown said on Wednesday ... stamping his foot petulantly.

Posted by mark wadsworth @ 02:05 PM (703 views)
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4 thoughts on “In response to the previous post …

  • c'mon correction says:

    I’m going to pull all our money out of british banks.

    Can anyone suggest any good alternatives, that are relatively safe?

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  • You could try your mattress. Otherwise I don’t know of any relatively safe alternatives that are any good.

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  • If the banks aren’t safe, I doubt anywhere else is, not even Govt bonds. Gold bars buried in the woods? I don’t think things are that bad myself. Others may disagree.

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  • Bubbles. . . . says:

    C’mon correction. Gold is safe it will always get you on a boat..But hopefully not another titanic..
    Joking apart Gold (IMO) should be worth more as its real and not just paper passed amongst us all on a promise.
    What if that promise went?? If financial institutions collapsed we would be in a barter society again, that’s why just
    before the TAX raid on saving the banks happened Gold went up to $957 an ounce.

    One more thing just spoke to an estate agent the other day and he said people will except offers 10% below asking price. Spoke to him
    again today after the cut, and wow how powerful he feels again I think now they will only except very close to the asking price!!

    P.S. I am not a gold bug.

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