Osborne: We want to help higher LTV borrowers "access the impaired mortgage market"

ukcarper

Graham_Devon wrote: »

Maybe if you didn't bother putting stuff in quotes, while entering your own "clarification" inside the quotes to make it look as if that was stated, people wouldn't have to go searching for what was actually stated?

No one on this board decides to use the quote feature as you do.

He was defending his decisions, in the face of questioning over the problems this could cause. The problems we are currently starting to witness in the making.

Theres a proper summary here:
http://www.telegraph.co.uk/finance/economics/10174586/Mervyn-King-endorsed-Help-to-Buy-George-Osborne-tells-critics.html

If you want to argue perhaps you should watch program and see what he did say.

the_flying_pig

here's an actual Osborne quote from August 2011. i wonder what, if anything, might have changed the way that he looks at this issue?

Mr Speaker, it is not hard to identify the recent events that have triggered the latest market falls.

There has been the weak economic data from the US and the historic downgrade of that country’s credit rating.

And the crisis of confidence in the ability of Eurozone countries to pay their debts has spread from the periphery to major economies like Italy and Spain.

But these events did not come out of the blue.

They all have the same root cause.

Debt.

In particular, a massive overhang of debt from a decade-long boom when economic growth was based on unsustainable household borrowing, unrealistic house prices, dangerously high banking leverage, and a failure of governments to put their public finances in order.

Unfortunately, the UK was perhaps the most eager participant in this boom, with the most indebted households, the biggest housing bubble, the most over-leveraged banks and the largest budget deficit of them all.

http://www.huffingtonpost.co.uk/2011/08/11/george-osborne-on-the-glo_n_924254.html

i wonder what the HAMISH version of this quote might be?

...the UK had perhaps the strongest demand for pwoperdee... so it's only natural, therefore, that we had the most indebted households [low reposessions, mind] and the strongest price boom... all perfectly normal and healthy... and the party woudl still be in full swing if it hadn't been for those pesky americans

HAMISH_MCTAVISH

the_flying_pig wrote: »

i wonder what the HAMISH version of this quote might be?

The same as the Osborne one.

the_flying_pig

HAMISH_MCTAVISH wrote: »

Anything in paragraphs is my clarification.

The rest is verbatim.

i assume you mean brackets rather than "paragraphs"?

a really important point about properly quoting something is that where there's some text missing you have to use a little '...'

so if i say something like:

i think HAMISH is a tedious nitwit who fabricates the best part of his supposed quotes & who's undoubtedly an estate agent with around zero integrity or proper understanding of what he's posting most of the time

then the following is a totally acceptable use of quoting:

"...HAMISH is... the best... estate agent... around...".

the following is not, it's misleading & dishonest:

"HAMISH is the best estate agent around".

System

I do enjoy a good eBreakdown.

HAMISH_MCTAVISH

Joeskeppi wrote: »

I do enjoy a good eBreakdown.

He does seem to be losing the plot lately.

Have to say, it does please me immensely that the doom-mongers are so rattled.

Always a sign that things are improving.:D