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Dispatches. How the banks went bust.

245

Comments

  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    lostinrates wrote: »
    Does anyone else feel this is a series of sound bites

    ''they were making a tonne of money''

    ''maing money hand over fist''

    ''they got fat''

    ''structure built on sand''

    Not saying its worng, far from it, but enough of the soundbites...
    Sounds like my sort of telly. But I'm not watching it. Can't be bothered to move three feet and switch the telly on.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    mewbie wrote: »
    Sounds like my sort of telly. But I'm not watching it. Can't be bothered to move three feet and switch the telly on.

    s'okay mewbie ...its sort of like MSE on weekday evening.
  • mp2
    mp2 Posts: 80 Forumite
    - northern rock had to turn to wholesale markets because there isnt enough savings in the uk to supply the mortgage market -

    that sums up why house prices will continue to fall.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    hmm will hutton.
  • Wookster
    Wookster Posts: 3,795 Forumite
    I'm watching this now and one of the comments of the ex FD of Northern Rock that "Northern Rock has to rely on wholesale financial markets for funds because there isn't enough retail savings to fund the UK mortgage market" stuck.

    If ever there is evidence that house prices are overvalued in the UK, this is it.
  • Wookster
    Wookster Posts: 3,795 Forumite
    mewbie wrote: »
    Sounds like my sort of telly. But I'm not watching it. Can't be bothered to move three feet and switch the telly on.

    You mean you don't have the TV on standby? ;)
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    Wookster wrote: »
    You mean you don't have the TV on standby? ;)
    I always unplug it when not watching and cover it in a fire safety blanket. Same with any other electrical equipment.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Wookster wrote: »
    You mean you don't have the TV on standby? ;)

    Leaving the TV on standy is not very MSE. Martin would not be pleased!
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Masomnia wrote: »
    Leaving the TV on standy is not very MSE. Martin would not be pleased!

    Typical wasteful Wookie icon8.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    mp2 wrote: »
    - northern rock had to turn to wholesale markets because there isnt enough savings in the uk to supply the mortgage market -

    that sums up why house prices will continue to fall.


    Not a bad point and rates at 0.5% doesnt help alter that.

    This program was nothing much new, first part of three apparently
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