Sunday, March 1, 2009

Brown note, the toxic mortgage lending that sparked the current crisis was done by mortgage brokers

Bankers to Obama: Stop trashing us

"We stand ready to work with your administration to promote policies that will clear the way to do what banks do best: finance business and families that are ready to move the economy forward. But these efforts will only be inhibited by misperceptions about our industry."

Posted by troy @ 08:00 AM (595 views)
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2 thoughts on “Brown note, the toxic mortgage lending that sparked the current crisis was done by mortgage brokers

  • Are these articles exagerating the econimic situation?

    1- UK Recession Watch- Britain’s Great Depression?
    2- Gordon Brown Bankrupting Britain as Tax Payer Liabilities Soar- Update

    http://www.marketoracle.co.uk/Article8926.html
    http://www.marketoracle.co.uk/Article9082.html

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  • All the rats pointing their claws at one another, as the ship sinks.

    Lloyds, HBOS, RBS, Barclays, all the major UK high street Banks have lost well over 70% [+] of their value. Mainly because of toxic
    morgate debt.

    House prices need to be de-valued by a similiar amount.

    However, Brown, the part architect of this mess, would sell his soul to keep the UK inflated, so that he can stay in office.

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