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Mortgage Scarcity to Worsen

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Comments

  • abaxas
    abaxas Posts: 4,141 Forumite
    "Mortgage Scarcity to Worsen"
    "Mortgage underwriting to improve"

    Same meaning.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    The trouble for all banks is that Basle III is making them into businesses that are fundamentally unprofitable.

    Who picked up the tab in the US for all that profitable inter investment bank trading?

    The taxpayer.

    People that shorted subprime mortgage CDO's along with the shares of investment banks were the only winners.

    The man in the street wasn't even allowed to play in the game.
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    purch wrote: »
    The faster this 'forced' deleveraging happens, the deeper the damage to Europe's economy will be.


    The quickest way to deleverage is to bankrupt those who invested wrongly. The quicker its over, the sooner we can stop circling a pile of crap trying not to step in it and move onto something worth discussing, maybe business that grows naturally with no subsidys and special rules just competion
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    abaxas wrote: »
    "Mortgage Scarcity to Worsen"
    "Mortgage underwriting to improve"

    Same meaning.


    I agree and this is really all about how much risk we are prepared to allow banks to take now the implicit guarantees have become explicit.

    My belief is that banks are being throttled by forthcoming regulations which are well meaning but also highly destructive.
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