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Debate House Prices
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Fannie Farkas Fraud
Comments
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HAMISH_MCTAVISH wrote: »Of course there were a few isolated instances of fraud here too
Do you honestly believe this ? .......
The true numbers will eventually be revealed ......0 -
HAMISH_MCTAVISH wrote: »It's amazing just how incredibly bad the US mortgage market was, and it really does illustrate how vastly better UK lending standards were on average than American ones, as the default rates amply illustrate despite both countries having ZIRP, QE, and help for homeowners.
Of course there were a few isolated instances of fraud here too, but it was miniscule by comparison to the USA....
Quite infuriating actually, when you think about how unfairly we've been penalised by those American idiots crashing the global economy.
didn`t you see the money programme from 2003/2004 about liar loans. just sign here to say you earn £50,000.
Our banks are not out of the S--T yet. They dare not let house prices fall but won`t lend because they know that houses are over-priced.
We live in interesting times.0
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