FT: sub-prime a bigger concern for Britain then previously thought

BACKFRMTHEEDGE

EXPAT wrote: »

The plot thickens, it seems noone will escape...

...except me who jumped ship well in advance

I don't claim to be psychic or anything, but wasn't it obvious

http://news.bbc.co.uk/1/hi/uk/7406752.stm

Jumping jack flash - £55m to pay for debt cousellors - wouldn't it just be cheaper to pay off people's debts?

Neillgb

kennyboy66 wrote: »

Ladbrokes are betting 5/6 that prices will fall by 10% this year based on the Halifax HBOS Standardised Quarterly Average House Price.

I'm hoping we will be more than 1/2 way there by the time of the Q2 survey.

Damn, Ladbrokes not on Quidco!!!

mystic_trev

EXPAT wrote: »

The plot thickens, it seems noone will escape...

...except me who jumped ship well in advance

I don't claim to be psychic or anything, but wasn't it obvious

http://news.bbc.co.uk/1/hi/uk/7406752.stm

With its three bedrooms, indoor pool, log cabin and conservatory, Jane and Andy Pow’s detached new-build house near Doncaster would seem luxurious to most people. The Pows are not the kind of people you’d expect to be in financial difficulty. He is a former head teacher; she is a former deputy head. Jane Pow is used to bringing home £5,000 a month as an educational consultant. Andy Pow is on a head teacher’s pension. With five children between them and two cars, “we lived as you’d expect two reasonably affluent people to live”, as Jane Pow puts it, adding that they have a busy social life playing in a Celtic rock band.

http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article3931401.ece

posh*spice

mystic_trev wrote: »

http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article3931401.ece

“I was constantly making phone calls that were never answered.” In the event, she did ask her 24-year-old son if she could borrow the money.He couldn’t help. " QUOTE from above Times article

Sorry but LOL:rotfl::rotfl::rotfl:

Who needs parents like that:eek:

IveSeenTheLight

WoW m00m00,

Try to keep the same opinion unless you come out and clearly say you have changed it.

In this thread alone, you say

Banks have lost billions

m00m00 wrote: »

the banks have lost billions and billions

does anyone really think they are in a rush to do exactly the same thing again, even if they could ?

Banks that have made money, made it by shorting other banks

m00m00 wrote: »

the banks that have made money, have made it by shorting on the other banks, and very much NOT from mortgage lending.

if the money lost is so easily tax deductible etc, why are none of them admitting exactly how much they have lost ?

and why are we still hearing of massive losses being reported ?

no matter how much the most panglossian of commentators wants, things really are different this time, and not in the way the bulls want.

Banks made money through prudent lending

m00m00 wrote: »

and throughout most of those last 2 decades they made billions by prudent lending on sensible house prices.

Which is it?

m00m00

okay here we go just in small words for you.

Banks have made billions over the past two decades on prudent lending

they then lost a lot of this money on the sub prime market, but not all of it

also some banks made money by playing about with shares of other banks during the crisis.

not exactly difficult concepts to grasp, but your posts are becoming ever more dogmatic and blinkered.