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Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
72,331
Living In a Box
I can see a ban or two tonight :lolol::lolol::lolol:
 






vulture

Banned
Jul 26, 2004
16,515
its a fact i like candles has been banned for life from this site so why is the f***ing retard allowed to post his shit on here....twatty just f*** off you f***ing tosser
 








They are all shit but it can never be as much as I hate the Tories.
:clap2:

Chicago school shock doctrine - £1.5 trillion that we spent bailing out the banks has quite a lot to do with the current situation.

In my opinion all of them are self serving wankers keeping their mates in the city sweet
 




tedebear

Legal Alien
NSC Patron
Jul 7, 2003
17,117
In my computer
The speculation is done on a global basis, the only way to regulate it is to have a single government across the whole world, would you rather have that?

The last person who tried it did have a final solution.

Bizarre that you would assume it worth asking that question frankly. (But then you may be in teacher mode) ;-)

Anyhow there are things our government and financial institutions can do to regulate debt (or the holding of assets to cover this debt) to protect us better in future. Clarity over the class of debt (ie to protect from buying such high risk debt unknowingly) has already been legislated against in the US and banks in the UK should be made to declare how much the entire bank holds in such classes of debt. I mean the entire bank not just the retail front. Certainly when I worked on a bond desk, we new exactly how much of what type we were internally permitted to trade, given the class, so why is that so difficult to legislate country by country, at the point of purchase.

And frankly whomever thought 100% mortgage to people without income/or very little in any housing market was a good idea, needs to be shot.
 


Beach Hut

Brighton Bhuna Boy
Jul 5, 2003
72,331
Living In a Box
And frankly whomever thought 100% mortgage to people without income/or very little in any housing market was a good idea, needs to be shot.

The people who used to live next door to us had a 125% mortgage - totally wreckless lending
 




El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
40,018
Pattknull med Haksprut
It doesn't matter whether they disclose the debt or not, the amount of debt bought and sold on a daily basis is in trillions. As for 100% mortgages, that is irrelevant, what is an issue is the ability of borrowers to repay the debt. The problem was caused by poor risk assessment by the lenders, of which the value of the security was one, but not the only, factor.
 




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