which party protected our homes more in recession?

chewmylegoff

well they've protected your home, but they've also pretty much ruined sterling in the process.

MissMoneypenny

DaddyBear wrote: »

The government has chosen to help the reckless who took out mortgages they couldnt afford, at the expense of the sensible, who will suffer increased taxes as a result. Fair or not??

Can we afford to keep helping the reckless? We have been rowing a leaking boat for the last few years and now Brown has pulled out the bung and no amount of bailing out is going to keep us afloat, if we don't start throwing some overboard. Cue boat jokes:D

abaxas

To translate.

Which party kept people in something they cant afford at the expense of those who could afford them the most.

ninky_2

DaddyBear wrote: »

The government has chosen to help the reckless who took out mortgages they couldnt afford, at the expense of the sensible, who will suffer increased taxes as a result. Fair or not??

presumably they could afford the mortgage when they took it out otherwise they wouldn't have got it. and then circumstances change. which could happen to any of us (unless you can afford to buy your house outright).

often mortgagees are just savers at a different life stage.

The_White_Horse

Dan: wrote: »

Interesting.

Maybe it's the 'saver' that is the fool?

they are under Labour whose idea of fairness is not to give everyone the same chance, but simply to take from those who have to give to those who have not. That is not fairness at all.

ninky_2

all i'm hearing is people who are quite comfortably off moaning that they should be more comfortably off.

where do you think the interest on savings comes from?

Kohoutek

More hilarity from people who clearly don't understand the situation we're in.

Since the beginning of the recession, the mortgage market has been given a £300 billion in loans and guarantees from the government. The Bank of England has reduced interest rates to virtually zero to allow lenders to easily raise capital. The Bank of England has provided liquidity by buying £200 in assets from banks and building societies in exchange for newly created money.

What do think will happen when these things unwind in the next 2-3 years? It's nothing to do with Labour or Conservative.

chucky

Kohoutek wrote: »

What do think will happen when these things unwind in the next 2-3 years?

i think that you'll be starting a brand new thread on it? :eek:

Kohoutek

chucky wrote: »

i think that you'll be starting a brand new thread on it? :eek:

I'm just asking people to apply common sense, which you and others are incapable of doing.

abaxas

The_White_Horse wrote: »

they are under Labour whose idea of fairness is not to give everyone the same chance, but simply to take from those who have to give to those who have not. That is not fairness at all.

No no no.

The take from the people who vote for them, to attempt to bribe those who dont.