Saturday, July 25, 2009

Banks run out of cash to fuel the rally

Banks 'ration mortgages even for five-star home buyers'

There may be plenty of clean credit record people who are willing to provide big deposits and take on huge mortgages, but the banks are running out of money to service them all. In other words - anyone remember the credit crunch? Well it's not gone away.

Posted by tpbeta @ 04:19 PM (631 views)
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