UK 'On Cusp Of Second Banking Failure'

Wookster

Thrugelmir wrote: »

Banks are already taking steps. Widening margins, limit on "private" lending for BTL (LloydsHBOS), selling on branches, tighter lending criteria. They are fully aware that the scheme will be pulled in its current guise, and that borrowing on the wholesale money markets will incur them with a tax charge.

Though odds on the SLS will be replaced with another more commercially tougher one. As there is insufficent wholesale money to plug the gap.

Yup - interest rates paid by consumers will be going up.

Any idea what this will do to house prices?

Answers on a postcard please.

DervProf

chucky wrote: »

i did say that with some sarcasm... it was questioning your honesty

we have a similar view but we're considered at the opposite ends of this bull vs bear nonsense - it's amusing.

And entertaining !

I know we won`t make the slightest bit of difference with our "bickering", but it`s good to "fight one`s corner" once in a while.

It always amuses me when we get comments such as "this forum is a joke, all you see is bulls vs bears" etc.

Now`t wrong with a bit of heated debate, as long as there`s no backtracking. :whistle:

FantomX

I love the choice of word i.e. "cusp"...so why not "brink"?

DervProf

FantomX wrote: »

I love the choice of word i.e. "cusp"...so why not "brink"?

I agree, "cusp" is a good word. Another favourite of mine is "preposterous".

I might now brink a cusp of tea.