Sunday, January 11, 2009
‘bad bank’ solution or ‘bad government’ solution
"The government could be set to step in and guarantee mortgage lending under a plan being discussed this weekend. Some of Britain's top bankers are meeting at the prime minister's country residence Chequers. On the agenda is the possible implementation of the Crosby Report, which was published last November. Among recommendations was a plan for the government to provide guarantees on mortgage securities. " Are FTBs really going to jump into the market at the moment even if someone is willing to lend?