The Bank of England has cut interest rates by one percentage point, from 3% to 2% - the lowest level since 1951.
The move, which followed a dramatic cut in November, has been welcomed by many commentators who said the cut would help the slowing economy.
Hetal Mehta, of the Ernst & Young Item Club, said the cut was the "right medicine at the right time".
The CBI, said it was "critical" that banks now passed on the reduction to businesses and other customers.
Before the interest rates decision, the Halifax said its customers with existing tracker mortgages, that follow moves in the Bank of England's Base Rate, would benefit in full from any cuts.
This was despite a clause in the Halifax's paperwork which would have allowed it to put a limit on the cuts it passed on to mortgage customers.
There was further evidence earlier of the rapidly slowing economy.
House prices fell 2.6% in November - their sharpest monthly drop since the housing market crash of the 1990s, according to the Halifax.
According to its latest survey, that increased the annual rate of house price falls to 14.9%.
The Halifax, which is the UK's biggest mortgage lender, said the average property in the UK was now valued at £163,605, nearly £31,500 lower than 12 months ago.
'Stalling economy'
New car sales in November fell 36.8% on the year before - the steepest decline in nearly three decades according to the Society of Motor Manufacturers and Traders (SMMT)
The SMMT said the decline was most pronounced in the market for private cars, with registrations down 45.1% in November.
Elsewhere, the homewares retail chain The Pier - which has 31 stores and 17 concessions across the UK - became the latest victim of the economic turmoil and was placed in administration. It employs about 400 workers.
This latest dramatic cut by the Bank of England means that its Bank Rate is now at its lowest since November 1951.
Hetal Mehta, of the Ernst & Young Item Club, said: "You could almost hear the sigh of relief up and down the country. Anything less would have been a missed opportunity. The Bank has given the economy the right medicine at the right time"
"Manufacturing and services surveys this week have confirmed that the recession is gathering momentum. At the same time, commodity prices have collapsed and inflation is set to fall dramatically, the dire prospect of deflation is becoming more likely," he said.
from bbc news
Bank of England has cut interest rates again
Bank of England has cut interest rates again
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
Bank of England has cut interest rates again
They can lower the interest to 0 and it won’t make a fecken bit of difference if the banks don’t start lending again. The issues aren’t interests rates so much as the banks are now not giving our money.
The other issues for the banks which this interest rate drops are causing, is that when the rates were heading upwards the banks were offering higher interest rates on savings, particularly 12 to 24 month term accounts, now they are faced with having to give out loans are lower rates, yet still paying out higher rates on savings that people locked into.
Other than the lower interest rates easing the stress of those with mortgages with variable rates, it is not doing anything to encourage the recapitalization of the economy.
The other issues for the banks which this interest rate drops are causing, is that when the rates were heading upwards the banks were offering higher interest rates on savings, particularly 12 to 24 month term accounts, now they are faced with having to give out loans are lower rates, yet still paying out higher rates on savings that people locked into.
Other than the lower interest rates easing the stress of those with mortgages with variable rates, it is not doing anything to encourage the recapitalization of the economy.
Bank of England has cut interest rates again
mikeinie;1076945 wrote: They can lower the interest to 0 and it won’t make a fecken bit of difference if the banks don’t start lending again. The issues aren’t interests rates so much as the banks are now not giving our money.
The other issues for the banks which this interest rate drops are causing, is that when the rates were heading upwards the banks were offering higher interest rates on savings, particularly 12 to 24 month term accounts, now they are faced with having to give out loans are lower rates, yet still paying out higher rates on savings that people locked into.
Other than the lower interest rates easing the stress of those with mortgages with variable rates, it is not doing anything to encourage the recapitalization of the economy.
ok dont shoot the messanger
The other issues for the banks which this interest rate drops are causing, is that when the rates were heading upwards the banks were offering higher interest rates on savings, particularly 12 to 24 month term accounts, now they are faced with having to give out loans are lower rates, yet still paying out higher rates on savings that people locked into.
Other than the lower interest rates easing the stress of those with mortgages with variable rates, it is not doing anything to encourage the recapitalization of the economy.
ok dont shoot the messanger
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
Bank of England has cut interest rates again
el guapo;1076947 wrote: ok dont shoot the messanger
Did I come across aggressive? If so, I didn’t mean to.
Wasn’t shoot’n at ya.
Did I come across aggressive? If so, I didn’t mean to.
Wasn’t shoot’n at ya.
Bank of England has cut interest rates again
mikeinie;1076949 wrote: Did I come across aggressive? If so, I didn’t mean to.
Wasn’t shoot’n at ya.
ok
-1-1:-1wipes away a tear
Wasn’t shoot’n at ya.
ok
-1-1:-1wipes away a tear"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
Bank of England has cut interest rates again
Hey el guapo! No bullets coming your way me lad! I have spoken about this a couple of times, I think if I was living in the UK what would concern me is what effect all of these cuts in interest rates, and the huge borrowing for fiscal stimulus that are being undertaken will have on the currency. Its understandable why they are doing this, as the UK economy is now in very serious trouble (and of course we all are), but whether this is the right thing to be doing I am not sure. I do really hope it does work though, because if it doesn't the results could end up being very difficult for the average British person. It does mean that Sterling will drop again, placing even more pressure on Irish buisnesses close to the Border, as people are flooding north at the moment because sterling is so cheap.
"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
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Bank of England has cut interest rates again
el guapo;1076944 wrote: The Bank of England has cut interest rates by one percentage point, from 3% to 2% - the lowest level since 1951.
The move, which followed a dramatic cut in November, has been welcomed by many commentators who said the cut would help the slowing economy.
Hetal Mehta, of the Ernst & Young Item Club, said the cut was the "right medicine at the right time".
The CBI, said it was "critical" that banks now passed on the reduction to businesses and other customers.
Before the interest rates decision, the Halifax said its customers with existing tracker mortgages, that follow moves in the Bank of England's Base Rate, would benefit in full from any cuts.
This was despite a clause in the Halifax's paperwork which would have allowed it to put a limit on the cuts it passed on to mortgage customers.
There was further evidence earlier of the rapidly slowing economy.
House prices fell 2.6% in November - their sharpest monthly drop since the housing market crash of the 1990s, according to the Halifax.
According to its latest survey, that increased the annual rate of house price falls to 14.9%.
The Halifax, which is the UK's biggest mortgage lender, said the average property in the UK was now valued at £163,605, nearly £31,500 lower than 12 months ago.
'Stalling economy'
New car sales in November fell 36.8% on the year before - the steepest decline in nearly three decades according to the Society of Motor Manufacturers and Traders (SMMT)
The SMMT said the decline was most pronounced in the market for private cars, with registrations down 45.1% in November.
Elsewhere, the homewares retail chain The Pier - which has 31 stores and 17 concessions across the UK - became the latest victim of the economic turmoil and was placed in administration. It employs about 400 workers.
This latest dramatic cut by the Bank of England means that its Bank Rate is now at its lowest since November 1951.
Hetal Mehta, of the Ernst & Young Item Club, said: "You could almost hear the sigh of relief up and down the country. Anything less would have been a missed opportunity. The Bank has given the economy the right medicine at the right time"
"Manufacturing and services surveys this week have confirmed that the recession is gathering momentum. At the same time, commodity prices have collapsed and inflation is set to fall dramatically, the dire prospect of deflation is becoming more likely," he said.
from bbc news
Nice Post guapo. Well done to Gordon Brown :yh_rotfl:yh_rotfl:yh_rotfl
The move, which followed a dramatic cut in November, has been welcomed by many commentators who said the cut would help the slowing economy.
Hetal Mehta, of the Ernst & Young Item Club, said the cut was the "right medicine at the right time".
The CBI, said it was "critical" that banks now passed on the reduction to businesses and other customers.
Before the interest rates decision, the Halifax said its customers with existing tracker mortgages, that follow moves in the Bank of England's Base Rate, would benefit in full from any cuts.
This was despite a clause in the Halifax's paperwork which would have allowed it to put a limit on the cuts it passed on to mortgage customers.
There was further evidence earlier of the rapidly slowing economy.
House prices fell 2.6% in November - their sharpest monthly drop since the housing market crash of the 1990s, according to the Halifax.
According to its latest survey, that increased the annual rate of house price falls to 14.9%.
The Halifax, which is the UK's biggest mortgage lender, said the average property in the UK was now valued at £163,605, nearly £31,500 lower than 12 months ago.
'Stalling economy'
New car sales in November fell 36.8% on the year before - the steepest decline in nearly three decades according to the Society of Motor Manufacturers and Traders (SMMT)
The SMMT said the decline was most pronounced in the market for private cars, with registrations down 45.1% in November.
Elsewhere, the homewares retail chain The Pier - which has 31 stores and 17 concessions across the UK - became the latest victim of the economic turmoil and was placed in administration. It employs about 400 workers.
This latest dramatic cut by the Bank of England means that its Bank Rate is now at its lowest since November 1951.
Hetal Mehta, of the Ernst & Young Item Club, said: "You could almost hear the sigh of relief up and down the country. Anything less would have been a missed opportunity. The Bank has given the economy the right medicine at the right time"
"Manufacturing and services surveys this week have confirmed that the recession is gathering momentum. At the same time, commodity prices have collapsed and inflation is set to fall dramatically, the dire prospect of deflation is becoming more likely," he said.
from bbc news
Nice Post guapo. Well done to Gordon Brown :yh_rotfl:yh_rotfl:yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
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Oscar Namechange
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Bank of England has cut interest rates again
Galbally;1077250 wrote: but whether this is the right thing to be doing I am not sure. I do really hope it does work though, because if it doesn't the results could end up being very difficult for the average British person. It does mean that Sterling will drop again, placing even more pressure on Irish buisnesses close to the Border, as people are flooding north at the moment because sterling is so cheap.
And your alternative policy galbally??????????????????????
And your alternative policy galbally??????????????????????
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077264 wrote: Nice Post guapo. Well done to Gordon Brown :yh_rotfl:yh_rotfl:yh_rotfl
its got nothing to do with gordon brown
its the bank of england trying to save us all from gordon
its got nothing to do with gordon brown
its the bank of england trying to save us all from gordon
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077274 wrote: its got nothing to do with gordon brown
its the bank of england trying to save us all from gordon
Yes it has my little guppy. The Great Gordon is threatening the banks with legal action if they don't pass the savings on to borrowers. So Ner!!!!!!!!:yh_rotfl:yh_rotfl
its the bank of england trying to save us all from gordon
Yes it has my little guppy. The Great Gordon is threatening the banks with legal action if they don't pass the savings on to borrowers. So Ner!!!!!!!!:yh_rotfl:yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077278 wrote: Yes it has my little guppy. The Great Gordon is threatening the banks with legal action if they don't pass the savings on to borrowers. So Ner!!!!!!!!:yh_rotfl:yh_rotfl
there you are mistaken he has not threatened the bank of England
there you are mistaken he has not threatened the bank of England
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Bank of England has cut interest rates again
el guapo;1077288 wrote: there you are mistaken he has not threatened the bank of England
And who told you that my little terrantular????????
And who told you that my little terrantular????????
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077294 wrote: And who told you that my little terrantular????????
he may have threatened banks to pass down the drop but not the bank of englang
show me one peice that say he has threatend the bank of england
dare ya
he may have threatened banks to pass down the drop but not the bank of englang
show me one peice that say he has threatend the bank of england
dare ya
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Bank of England has cut interest rates again
el guapo;1077308 wrote: he may have threatened banks to pass down the drop but not the bank of englang
show me one peice that say he has threatend the bank of england
dare ya
You know i will my little Rottwieller, even if i have to google all night. :yh_rotfl
show me one peice that say he has threatend the bank of england
dare ya
You know i will my little Rottwieller, even if i have to google all night. :yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077314 wrote: You know i will my little Rottwieller, even if i have to google all night. :yh_rotfl
you cant my little leg humping poodle
you cant my little leg humping poodle
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077317 wrote: you cant my little leg humping poodle
'Leg humping poodle'???? You cheeky yappy scrappy dappy dog. Oscar does not hump anything:yh_rotfl:yh_rotfl
Anyway, go way, I'm googling :yh_rotfl
'Leg humping poodle'???? You cheeky yappy scrappy dappy dog. Oscar does not hump anything:yh_rotfl:yh_rotfl
Anyway, go way, I'm googling :yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077331 wrote: 'Leg humping poodle'???? You cheeky yappy scrappy dappy dog. Oscar does not hump anything:yh_rotfl:yh_rotfl
Anyway, go way, I'm googling :yh_rotfl
yea yea yea ya are stumped
Anyway, go way, I'm googling :yh_rotfl
yea yea yea ya are stumped
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077332 wrote: yea yea yea ya are stumped
Still googling :sneaky::sneaky::sneaky:
Anyway..... you leave my stump out of this!!
Still googling :sneaky::sneaky::sneaky:
Anyway..... you leave my stump out of this!!
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077339 wrote: Still googling :sneaky::sneaky::sneaky:
Anyway..... you leave my stump out of this!!
you cant find it
cos it does not exist
make raspberry sound
Anyway..... you leave my stump out of this!!
you cant find it
cos it does not exist
make raspberry sound
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077342 wrote: you cant find it
cos it does not exist
make raspberry sound
Still googling
cos it does not exist
make raspberry sound
Still googling
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077346 wrote: Still googling
take ya time hahahahaha
take ya time hahahahaha
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077348 wrote: take ya time hahahahaha
Ahhh you mock now my little scorpian :yh_rotfl:yh_rotfl:yh_rotfl
Financial Advice UK - Investments News - Alistair Darling threatens legal action against the banks
Ahhh you mock now my little scorpian :yh_rotfl:yh_rotfl:yh_rotfl
Financial Advice UK - Investments News - Alistair Darling threatens legal action against the banks
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077357 wrote: Ahhh you mock now my little scorpian :yh_rotfl:yh_rotfl:yh_rotfl
Financial Advice UK - Investments News - Alistair Darling threatens legal action against the banks
would i do such a thing my little dung beatle
Financial Advice UK - Investments News - Alistair Darling threatens legal action against the banks
would i do such a thing my little dung beatle
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
Bank of England has cut interest rates again
oscar;1077357 wrote: Ahhh you mock now my little scorpian :yh_rotfl:yh_rotfl:yh_rotfl
Financial Advice UK - Investments News - Alistair Darling threatens legal action against the banks
if the link is ya answer ya are still wrong
he has not threatened the bank of england
he has threated the banks to pass on there cuts
go google some more
Financial Advice UK - Investments News - Alistair Darling threatens legal action against the banks
if the link is ya answer ya are still wrong
he has not threatened the bank of england
he has threated the banks to pass on there cuts
go google some more
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077360 wrote: would i do such a thing my little dung beatle
Yes you would you little duck billed platipus
Oh here's another one for you :yh_rotfl:yh_rotfl:yh_rotfl
Alistair Darling threatens to force banks to lend | This is Money
Yes you would you little duck billed platipus
Oh here's another one for you :yh_rotfl:yh_rotfl:yh_rotfl
Alistair Darling threatens to force banks to lend | This is Money
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077362 wrote: if the link is ya answer ya are still wrong
he has not threatened the bank of england
he has threated the banks to pass on there cuts
go google some more
Another one for you.
Labour fires nationalisation 'warning shot' to force banks to lend to firms and families | Mail Online
Now pay attention my little bottom feeder, it states 'ALL BANKS' :yh_rotfl:yh_rotfl
he has not threatened the bank of england
he has threated the banks to pass on there cuts
go google some more
Another one for you.
Labour fires nationalisation 'warning shot' to force banks to lend to firms and families | Mail Online
Now pay attention my little bottom feeder, it states 'ALL BANKS' :yh_rotfl:yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077364 wrote: Yes you would you little duck billed platipus
Oh here's another one for you :yh_rotfl:yh_rotfl:yh_rotfl
Alistair Darling threatens to force banks to lend | This is Money
still has not treatened the bank of england to cut its rate
go google
my little slug
Oh here's another one for you :yh_rotfl:yh_rotfl:yh_rotfl
Alistair Darling threatens to force banks to lend | This is Money
still has not treatened the bank of england to cut its rate
go google
my little slug
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077372 wrote: still has not treatened the bank of england to cut its rate
go google
my little slug
ok i will my little Giant African Tree Frog.
If not, give it two days and i bet you that the Great Gordon will make a statement :p:-3:-3:-3:-3
go google
my little slug
ok i will my little Giant African Tree Frog.
If not, give it two days and i bet you that the Great Gordon will make a statement :p:-3:-3:-3:-3
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077380 wrote: ok i will my little Giant African Tree Frog.
If not, give it two days and i bet you that the Great Gordon will make a statement :p:-3:-3:-3:-3
i have you on the run my little ground monkey
If not, give it two days and i bet you that the Great Gordon will make a statement :p:-3:-3:-3:-3
i have you on the run my little ground monkey
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077384 wrote: i have you on the run my little ground monkey
I don't think so my little witchetty grub. :yh_rotfl:yh_rotfl
I don't think so my little witchetty grub. :yh_rotfl:yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
waiting google must be on a go slow day
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077429 wrote: waiting google must be on a go slow day
I'm eating my dinner my little lessor horned python :wah:
(Salmon fishcakes, home-made by Mr oscar, before you ask and jolly scrummy they are too)
I'm eating my dinner my little lessor horned python :wah:
(Salmon fishcakes, home-made by Mr oscar, before you ask and jolly scrummy they are too)
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
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Oscar Namechange
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Bank of England has cut interest rates again
el guapo;1077429 wrote: waiting google must be on a go slow day
Notice the line 'the bank is under increasing pressure'' Where do you think that 'pressure' is coming from oh little horny python???
Brown raises prospect of interest rates falling to ZERO after bank cuts them by another 1% | Mail Online
:yh_rotfl:yh_rotfl:yh_rotfl:yh_rotfl
Notice the line 'the bank is under increasing pressure'' Where do you think that 'pressure' is coming from oh little horny python???
Brown raises prospect of interest rates falling to ZERO after bank cuts them by another 1% | Mail Online
:yh_rotfl:yh_rotfl:yh_rotfl:yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077551 wrote: Notice the line 'the bank is under increasing pressure'' Where do you think that 'pressure' is coming from oh little horny python???
Brown raises prospect of interest rates falling to ZERO after bank cuts them by another 1% | Mail Online
:yh_rotfl:yh_rotfl:yh_rotfl:yh_rotfl
still does not back up your story of grdonbrown theaterning the bank of england
he theatened banks ie barclays lloyds hsbc to pass on cuts
carry on googling
my little chip munk
Brown raises prospect of interest rates falling to ZERO after bank cuts them by another 1% | Mail Online
:yh_rotfl:yh_rotfl:yh_rotfl:yh_rotfl
still does not back up your story of grdonbrown theaterning the bank of england
he theatened banks ie barclays lloyds hsbc to pass on cuts
carry on googling
my little chip munk
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
-
Oscar Namechange
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- Joined: Wed Jul 30, 2008 9:26 am
Bank of England has cut interest rates again
el guapo;1077557 wrote: still does not back up your story of grdonbrown theaterning the bank of england
he theatened banks ie barclays lloyds hsbc to pass on cuts
carry on googling
my little chip munk
Then i shall my little leaf cutter ant.
Mr oscar wants his p.c. back :yh_rotfl
he theatened banks ie barclays lloyds hsbc to pass on cuts
carry on googling
my little chip munk
Then i shall my little leaf cutter ant.
Mr oscar wants his p.c. back :yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
el guapo;1077342 wrote: you cant find it
cos it does not exist
make raspberry sound
Don't worry, she's a daily mail reader if necessary she'll make it up:sneaky:
Oscar your hero in his first days as chancellor made the bank of england independent of political control the idea being that the tories had used it to damage the economy. He's letting the banks away with it-we own the bloody things he should not be asking them nicely. It's tha lax regulation regime of his years in chancellor that have helped get us in to this mess. The FSA have been afraid to take on the banking institutions and were too ready to listen to economic pundits instead of using their common sense.
posted by galbally
Hey el guapo! No bullets coming your way me lad! I have spoken about this a couple of times, I think if I was living in the UK what would concern me is what effect all of these cuts in interest rates, and the huge borrowing for fiscal stimulus that are being undertaken will have on the currency. Its understandable why they are doing this, as the UK economy is now in very serious trouble (and of course we all are), but whether this is the right thing to be doing I am not sure. I do really hope it does work though, because if it doesn't the results could end up being very difficult for the average British person. It does mean that Sterling will drop again, placing even more pressure on Irish buisnesses close to the Border, as people are flooding north at the moment because sterling is so cheap.
I see the pound is falling-just inn time to put up all the oil and gas prices for what looks like being a cold winter. He's also talking about guaranteeng the mortgage payments for a two year period for those who lose their jobs. leaving aside it was him that removed the basic protection in the firsts place these people could have yaken out unemployment cover but didn't. It's their lookout. Real smart move let's artificially keep up the cost of housing it's as brilliant a plan as allowing lenders to mend 125% of the value of a house so first time buyers cold get on the housing market. Northern rock thought that was a wonderful idea and look what happened to them.
Too bad if you are about to retire with your pension fund reduced not least because of Gordon's tax raid on private and company pensions, too bad annity rates are now the lowest they've ever been.
It's enough to make you vote tory in protest:eek::eek::eek::-5:eek::eek::eek:
Course being in Scotland I don't actually know any.
GORDON IS A MORON
cos it does not exist
make raspberry sound
Don't worry, she's a daily mail reader if necessary she'll make it up:sneaky:
Oscar your hero in his first days as chancellor made the bank of england independent of political control the idea being that the tories had used it to damage the economy. He's letting the banks away with it-we own the bloody things he should not be asking them nicely. It's tha lax regulation regime of his years in chancellor that have helped get us in to this mess. The FSA have been afraid to take on the banking institutions and were too ready to listen to economic pundits instead of using their common sense.
posted by galbally
Hey el guapo! No bullets coming your way me lad! I have spoken about this a couple of times, I think if I was living in the UK what would concern me is what effect all of these cuts in interest rates, and the huge borrowing for fiscal stimulus that are being undertaken will have on the currency. Its understandable why they are doing this, as the UK economy is now in very serious trouble (and of course we all are), but whether this is the right thing to be doing I am not sure. I do really hope it does work though, because if it doesn't the results could end up being very difficult for the average British person. It does mean that Sterling will drop again, placing even more pressure on Irish buisnesses close to the Border, as people are flooding north at the moment because sterling is so cheap.
I see the pound is falling-just inn time to put up all the oil and gas prices for what looks like being a cold winter. He's also talking about guaranteeng the mortgage payments for a two year period for those who lose their jobs. leaving aside it was him that removed the basic protection in the firsts place these people could have yaken out unemployment cover but didn't. It's their lookout. Real smart move let's artificially keep up the cost of housing it's as brilliant a plan as allowing lenders to mend 125% of the value of a house so first time buyers cold get on the housing market. Northern rock thought that was a wonderful idea and look what happened to them.
Too bad if you are about to retire with your pension fund reduced not least because of Gordon's tax raid on private and company pensions, too bad annity rates are now the lowest they've ever been.
It's enough to make you vote tory in protest:eek::eek::eek::-5:eek::eek::eek:
Course being in Scotland I don't actually know any.
GORDON IS A MORON
-
Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
Bank of England has cut interest rates again
gmc;1077782 wrote: Don't worry, she's a daily mail reader if necessary she'll make it up:sneaky:
Oscar your hero in his first days as chancellor made the bank of england independent of political control the idea being that the tories had used it to damage the economy. He's letting the banks away with it-we own the bloody things he should not be asking them nicely. It's tha lax regulation regime of his years in chancellor that have helped get us in to this mess. The FSA have been afraid to take on the banking institutions and were too ready to listen to economic pundits instead of using their common sense.
posted by galbally
I see the pound is falling-just inn time to put up all the oil and gas prices for what looks like being a cold winter. He's also talking about guaranteeng the mortgage payments for a two year period for those who lose their jobs. leaving aside it was him that removed the basic protection in the firsts place these people could have yaken out unemployment cover but didn't. It's their lookout. Real smart move let's artificially keep up the cost of housing it's as brilliant a plan as allowing lenders to mend 125% of the value of a house so first time buyers cold get on the housing market. Northern rock thought that was a wonderful idea and look what happened to them.
Too bad if you are about to retire with your pension fund reduced not least because of Gordon's tax raid on private and company pensions, too bad annity rates are now the lowest they've ever been.
It's enough to make you vote tory in protest:eek::eek::eek::-5:eek::eek::eek:
Course being in Scotland I don't actually know any.
GORDON IS A MORON
Yes, i will bloody make it up if i have to. :sneaky::sneaky:
We all know that The Great gordon will be for ever critised for his time as Chancellor under the lying, back stabbing, Judas, Blair and nothing i say will change that.
You have to just believe what the Great Gordon says in that 'We must look to the future and not the past' :sneaky:
Seriously, i do believe what he says in that if there was not this fiscal injection, more homes would be lost and more jobs lost.
It would have happened anyway, the moves that he has made over the past few weeks have helped the economy to get moving again and save more jobs and homes.
I agree with you that the idiots should have taken out their own un-employment cover. It's cheap enough and it's plain fool hardy not to. These are the very idiots who are now blaming Brown for their loss.
Of course you can't vote Tory in Scotland. You can't vote SNP either as the Great Gordon gave them all a good drubbing in the Glenrothes by-election :yh_rotfl:yh_rotfl
Oscar your hero in his first days as chancellor made the bank of england independent of political control the idea being that the tories had used it to damage the economy. He's letting the banks away with it-we own the bloody things he should not be asking them nicely. It's tha lax regulation regime of his years in chancellor that have helped get us in to this mess. The FSA have been afraid to take on the banking institutions and were too ready to listen to economic pundits instead of using their common sense.
posted by galbally
I see the pound is falling-just inn time to put up all the oil and gas prices for what looks like being a cold winter. He's also talking about guaranteeng the mortgage payments for a two year period for those who lose their jobs. leaving aside it was him that removed the basic protection in the firsts place these people could have yaken out unemployment cover but didn't. It's their lookout. Real smart move let's artificially keep up the cost of housing it's as brilliant a plan as allowing lenders to mend 125% of the value of a house so first time buyers cold get on the housing market. Northern rock thought that was a wonderful idea and look what happened to them.
Too bad if you are about to retire with your pension fund reduced not least because of Gordon's tax raid on private and company pensions, too bad annity rates are now the lowest they've ever been.
It's enough to make you vote tory in protest:eek::eek::eek::-5:eek::eek::eek:
Course being in Scotland I don't actually know any.
GORDON IS A MORON
Yes, i will bloody make it up if i have to. :sneaky::sneaky:
We all know that The Great gordon will be for ever critised for his time as Chancellor under the lying, back stabbing, Judas, Blair and nothing i say will change that.
You have to just believe what the Great Gordon says in that 'We must look to the future and not the past' :sneaky:
Seriously, i do believe what he says in that if there was not this fiscal injection, more homes would be lost and more jobs lost.
It would have happened anyway, the moves that he has made over the past few weeks have helped the economy to get moving again and save more jobs and homes.
I agree with you that the idiots should have taken out their own un-employment cover. It's cheap enough and it's plain fool hardy not to. These are the very idiots who are now blaming Brown for their loss.
Of course you can't vote Tory in Scotland. You can't vote SNP either as the Great Gordon gave them all a good drubbing in the Glenrothes by-election :yh_rotfl:yh_rotfl
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077909 wrote: Yes, i will bloody make it up if i have to. :sneaky::sneaky:
We all know that The Great gordon will be for ever critised for his time as Chancellor under the lying, back stabbing, Judas, Blair and nothing i say will change that.
You have to just believe what the Great Gordon says in that 'We must look to the future and not the past' :sneaky:
Seriously, i do believe what he says in that if there was not this fiscal injection, more homes would be lost and more jobs lost.
It would have happened anyway, the moves that he has made over the past few weeks have helped the economy to get moving again and save more jobs and homes.
I agree with you that the idiots should have taken out their own un-employment cover. It's cheap enough and it's plain fool hardy not to. These are the very idiots who are now blaming Brown for their loss.
Of course you can't vote Tory in Scotland. You can't vote SNP either as the Great Gordon gave them all a good drubbing in the Glenrothes by-election :yh_rotfl:yh_rotfl
still not here is it
my little swamp donkey
We all know that The Great gordon will be for ever critised for his time as Chancellor under the lying, back stabbing, Judas, Blair and nothing i say will change that.
You have to just believe what the Great Gordon says in that 'We must look to the future and not the past' :sneaky:
Seriously, i do believe what he says in that if there was not this fiscal injection, more homes would be lost and more jobs lost.
It would have happened anyway, the moves that he has made over the past few weeks have helped the economy to get moving again and save more jobs and homes.
I agree with you that the idiots should have taken out their own un-employment cover. It's cheap enough and it's plain fool hardy not to. These are the very idiots who are now blaming Brown for their loss.
Of course you can't vote Tory in Scotland. You can't vote SNP either as the Great Gordon gave them all a good drubbing in the Glenrothes by-election :yh_rotfl:yh_rotfl
still not here is it
my little swamp donkey
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
-
Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
Bank of England has cut interest rates again
el guapo;1077935 wrote: still not here is it
my little swamp donkey
No it's not my little flesh eating lizard. I shall continue to google but i have to go to work now so i can pay the Great gordon some more lovely income tax.
Catch yer later, my little two humped camel :p:p:p:p
my little swamp donkey
No it's not my little flesh eating lizard. I shall continue to google but i have to go to work now so i can pay the Great gordon some more lovely income tax.
Catch yer later, my little two humped camel :p:p:p:p
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1077269 wrote: And your alternative policy galbally??????????????????????
Stop trying to prop up the stupid assest bubble called the housing market with people's hard earned, easily wasted savings and the future taxes of their children.
There is going to be a massive economic crash and housing price collapse one way or the other, just allow the worst to happen and start again from a more realistic asset base. Otherwise you will just be throwing good money after bad in a vain attempt to keep collapsed banks solvent.
As soon as possible, start investing in an economy that produces something meaningful, an education system that actually teaches people something useful, and a culture that values things that actually have some real value.
Accept that the lets-party economics of the last 25 years are over, forever, its now payback time and we are all broke because as nations we wasted all the money we were lent on an unsustainable life-style. I afraid its reality time, the sooner we face up to that, the less long-term pain there will be.
The only way out is through a general acceptance among the public that there now has be to be a serious drop in living standards, (which were based on borrowing not on real wealth). That political parties need to be honest about the real situation, and that heads need to roll to make a point.
In the short-term, sure do the best thats possible to shelter the poorest from this now general collapse; but in the long-term we all have to relearn that wealth comes from thrift, efficiency, wise investment in productive enterprise, and more than anything: hard work.
Stop trying to prop up the stupid assest bubble called the housing market with people's hard earned, easily wasted savings and the future taxes of their children.
There is going to be a massive economic crash and housing price collapse one way or the other, just allow the worst to happen and start again from a more realistic asset base. Otherwise you will just be throwing good money after bad in a vain attempt to keep collapsed banks solvent.
As soon as possible, start investing in an economy that produces something meaningful, an education system that actually teaches people something useful, and a culture that values things that actually have some real value.
Accept that the lets-party economics of the last 25 years are over, forever, its now payback time and we are all broke because as nations we wasted all the money we were lent on an unsustainable life-style. I afraid its reality time, the sooner we face up to that, the less long-term pain there will be.
The only way out is through a general acceptance among the public that there now has be to be a serious drop in living standards, (which were based on borrowing not on real wealth). That political parties need to be honest about the real situation, and that heads need to roll to make a point.
In the short-term, sure do the best thats possible to shelter the poorest from this now general collapse; but in the long-term we all have to relearn that wealth comes from thrift, efficiency, wise investment in productive enterprise, and more than anything: hard work.
"We are never so happy, never so unhappy, as we imagine"
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Le Rochefoucauld.
"A smack in the face settles all arguments, then you can move on kid."
My dad 1986.
Bank of England has cut interest rates again
Galbally;1077992 wrote: Stop trying to prop up the stupid assest bubble called the housing market with people's hard earned, easily wasted savings and the future taxes of their children.
There is going to be a massive economic crash and housing price collapse one way or the other, just allow the worst to happen and start again from a more realistic asset base. Otherwise you will just be throwing good money after bad in a vain attempt to keep collapsed banks solvent.
As soon as possible, start investing in an economy that produces something meaningful, an education system that actually teaches people something useful, and a culture that values things that actually have some real value.
Accept that the lets-party economics of the last 25 years are over, forever, its now payback time and we are all broke because as nations we wasted all the money we were lent on an unsustainable life-style. I afraid its reality time, the sooner we face up to that, the less long-term pain there will be.
The only way out is through a general acceptance among the public that there now has be to be a serious drop in living standards, (which were based on borrowing not on real wealth). That political parties need to be honest about the real situation, and that heads need to roll to make a point.
In the short-term, sure do the best thats possible to shelter the poorest from this now general collapse; but in the long-term we all have to relearn that wealth comes from thrift, efficiency, wise investment in productive enterprise, and more than anything: hard work.
Remember GB and alan greenspan visiting Kirkcaldy to pay homage to adam smith? bet the poor man is birling in his grave or laughing his head off now. What a pair of clowns.
All these rate cuts are doing is staving off the inevitable so GB can can us in to electing him again. This is a result of an emasculated commons that can't control the prime minister and his conies cos labour MP's are more interested in their political careers than doing their jobs. Gordon brown is like a half wit standing in the middles of a motorway directing the traffic and kidding himself he knows what he's doing.
Cheap state money got us here, can the state get us out? - MoneyWeek
This is why the profits of incautious banks grew, and why their stock prices multiplied. Meanwhile, careful bankers sunk. As Brown (and Greenspan) injected ever more money into the economy, the cautious banks began to lose their customers, their managers, their share values, and their independence. This Darwinian extinction of caution is the direct result of a monetary environment which was hostile to cautious bankers, one which favored those banks with an appetite for cheap money.
So be in no doubt about the cause of the credit crunch. It was too much cut-price credit, and the blame for the supply of it rests squarely on the likes of Gordon Brown and Alan Greenspan.
posted by oscar
We all know that The Great gordon will be for ever critised for his time as Chancellor under the lying, back stabbing, Judas, Blair and nothing i say will change that.
You have to just believe what the Great Gordon says in that 'We must look to the future and not the past'
Seriously, i do believe what he says in that if there was not this fiscal injection, more homes would be lost and more jobs lost.
Oh my poor daily mail reader what can I say. I bet you believe in fairies and santa claus as well. The great gordon is a moron.
YouTube - Gordon Brown: I'm A Wanker
Sing along time.
There is going to be a massive economic crash and housing price collapse one way or the other, just allow the worst to happen and start again from a more realistic asset base. Otherwise you will just be throwing good money after bad in a vain attempt to keep collapsed banks solvent.
As soon as possible, start investing in an economy that produces something meaningful, an education system that actually teaches people something useful, and a culture that values things that actually have some real value.
Accept that the lets-party economics of the last 25 years are over, forever, its now payback time and we are all broke because as nations we wasted all the money we were lent on an unsustainable life-style. I afraid its reality time, the sooner we face up to that, the less long-term pain there will be.
The only way out is through a general acceptance among the public that there now has be to be a serious drop in living standards, (which were based on borrowing not on real wealth). That political parties need to be honest about the real situation, and that heads need to roll to make a point.
In the short-term, sure do the best thats possible to shelter the poorest from this now general collapse; but in the long-term we all have to relearn that wealth comes from thrift, efficiency, wise investment in productive enterprise, and more than anything: hard work.
Remember GB and alan greenspan visiting Kirkcaldy to pay homage to adam smith? bet the poor man is birling in his grave or laughing his head off now. What a pair of clowns.
All these rate cuts are doing is staving off the inevitable so GB can can us in to electing him again. This is a result of an emasculated commons that can't control the prime minister and his conies cos labour MP's are more interested in their political careers than doing their jobs. Gordon brown is like a half wit standing in the middles of a motorway directing the traffic and kidding himself he knows what he's doing.
Cheap state money got us here, can the state get us out? - MoneyWeek
This is why the profits of incautious banks grew, and why their stock prices multiplied. Meanwhile, careful bankers sunk. As Brown (and Greenspan) injected ever more money into the economy, the cautious banks began to lose their customers, their managers, their share values, and their independence. This Darwinian extinction of caution is the direct result of a monetary environment which was hostile to cautious bankers, one which favored those banks with an appetite for cheap money.
So be in no doubt about the cause of the credit crunch. It was too much cut-price credit, and the blame for the supply of it rests squarely on the likes of Gordon Brown and Alan Greenspan.
posted by oscar
We all know that The Great gordon will be for ever critised for his time as Chancellor under the lying, back stabbing, Judas, Blair and nothing i say will change that.
You have to just believe what the Great Gordon says in that 'We must look to the future and not the past'
Seriously, i do believe what he says in that if there was not this fiscal injection, more homes would be lost and more jobs lost.
Oh my poor daily mail reader what can I say. I bet you believe in fairies and santa claus as well. The great gordon is a moron.
YouTube - Gordon Brown: I'm A Wanker
Sing along time.
-
Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
Bank of England has cut interest rates again
el guapo;1077935 wrote: still not here is it
my little swamp donkey
'The prime Minister Gordon Brown made a statement this morning threatening the bank of England. He spoke of using legal action to force The Bank of England into passing on interest rates to borrowers.
Gordon Brown said that if they did not do this, they would be immediately arrested without any search warrant and could face up to life imprisonment. He also considered passing an emergency bill through parliment to bring back the Death penalty for Bank of England chiefs'
Said a Daily Mail reader today
my little swamp donkey
'The prime Minister Gordon Brown made a statement this morning threatening the bank of England. He spoke of using legal action to force The Bank of England into passing on interest rates to borrowers.
Gordon Brown said that if they did not do this, they would be immediately arrested without any search warrant and could face up to life imprisonment. He also considered passing an emergency bill through parliment to bring back the Death penalty for Bank of England chiefs'
Said a Daily Mail reader today
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
-
Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
Bank of England has cut interest rates again
gmc;1078208 wrote:
Oh my poor daily mail reader what can I say. I bet you believe in fairies and santa claus as well. The great gordon is a moron.
YouTube - Gordon Brown: I'm A Wanker
Sing along time.
I had a strange childhood. When i was a kid, Father Christmas came into my room and told me my father didn't exist.
Of course there are fairie's. What do you think the SNP and the Tory's are made up of???????
Never a frown with Gordon Brown
Oh my poor daily mail reader what can I say. I bet you believe in fairies and santa claus as well. The great gordon is a moron.
YouTube - Gordon Brown: I'm A Wanker
Sing along time.
I had a strange childhood. When i was a kid, Father Christmas came into my room and told me my father didn't exist.
Of course there are fairie's. What do you think the SNP and the Tory's are made up of???????
Never a frown with Gordon Brown
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
oscar;1078324 wrote: 'The prime Minister Gordon Brown made a statement this morning threatening the bank of England. He spoke of using legal action to force The Bank of England into passing on interest rates to borrowers.
Gordon Brown said that if they did not do this, they would be immediately arrested without any search warrant and could face up to life imprisonment. He also considered passing an emergency bill through parliment to bring back the Death penalty for Bank of England chiefs'
Said a Daily Mail reader today
oscar post it then
he theatened the banks not the bank of england
my little ring worm
Gordon Brown said that if they did not do this, they would be immediately arrested without any search warrant and could face up to life imprisonment. He also considered passing an emergency bill through parliment to bring back the Death penalty for Bank of England chiefs'
Said a Daily Mail reader today
oscar post it then
he theatened the banks not the bank of england
my little ring worm
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
Bank of England has cut interest rates again
oscar;1078324 wrote: 'The prime Minister Gordon Brown made a statement this morning threatening the bank of England. He spoke of using legal action to force The Bank of England into passing on interest rates to borrowers.
Gordon Brown said that if they did not do this, they would be immediately arrested without any search warrant and could face up to life imprisonment. He also considered passing an emergency bill through parliment to bring back the Death penalty for Bank of England chiefs'
Said a Daily Mail reader today
Let me put this in perspective for you. in 2004 the FSA started regulating the morrtgage market-there are two main principles lenders have to comply with, responsible lending and treating customers fairly.
Letting the likes of northern rock lend 125% loan to value and allowing self cert mortgages with obviously inflated incomes as well as allowing lenders to re-securitise their loans, borrow more and do the same thing can hardly be called responsible lending. It was so obviously building up a money bubble. Neither can turfing people out their homes without allowing reasonable time for them to get a new job or in the case of northern rock force people to re-mortgage elsewhere by denying them access to the lower rates offered to new borrowers be called-by any stretch of the imagination, treating customers fairly-incidentally other lenders do the same thing but he FSA turns a blind eye.
The lenders need the FSA authorization to offer mortgages or indeed transact any business at all . All GB has to do is to withdraw authorisation and their continuing ability to shaft the great British public is gone.
Let me repeat that for you. He already has the power to force the banks to comply. he doesn't need to threaten he can just do it. He can also force credit card companies to lower their rates. In case you have forgotten Parliament can legislate in any way it wants to sort out the banks. They expect us tio bail them ouyt why on earth is he pussyfooting around asking them to please not repossess people why the hell should the taxpayer pick up the tab let the banks do it. If you can't afford the mortgage move to smaller house.
Gordon brown is a tosser, a wanker, a liar a hypocrite in other words a typical politician.
In all the complaints about bad advice, misspelling the biggest culprits by far is the bankiong industry yet our regulators and now gordon brown carry on as if they are frightened of them. If any other industry had failed like the banking one all the senior managers would be on the dole queue but no we need their expertise to srt things out. Give me a break.
Gordon Brown said that if they did not do this, they would be immediately arrested without any search warrant and could face up to life imprisonment. He also considered passing an emergency bill through parliment to bring back the Death penalty for Bank of England chiefs'
Said a Daily Mail reader today
Let me put this in perspective for you. in 2004 the FSA started regulating the morrtgage market-there are two main principles lenders have to comply with, responsible lending and treating customers fairly.
Letting the likes of northern rock lend 125% loan to value and allowing self cert mortgages with obviously inflated incomes as well as allowing lenders to re-securitise their loans, borrow more and do the same thing can hardly be called responsible lending. It was so obviously building up a money bubble. Neither can turfing people out their homes without allowing reasonable time for them to get a new job or in the case of northern rock force people to re-mortgage elsewhere by denying them access to the lower rates offered to new borrowers be called-by any stretch of the imagination, treating customers fairly-incidentally other lenders do the same thing but he FSA turns a blind eye.
The lenders need the FSA authorization to offer mortgages or indeed transact any business at all . All GB has to do is to withdraw authorisation and their continuing ability to shaft the great British public is gone.
Let me repeat that for you. He already has the power to force the banks to comply. he doesn't need to threaten he can just do it. He can also force credit card companies to lower their rates. In case you have forgotten Parliament can legislate in any way it wants to sort out the banks. They expect us tio bail them ouyt why on earth is he pussyfooting around asking them to please not repossess people why the hell should the taxpayer pick up the tab let the banks do it. If you can't afford the mortgage move to smaller house.
Gordon brown is a tosser, a wanker, a liar a hypocrite in other words a typical politician.
In all the complaints about bad advice, misspelling the biggest culprits by far is the bankiong industry yet our regulators and now gordon brown carry on as if they are frightened of them. If any other industry had failed like the banking one all the senior managers would be on the dole queue but no we need their expertise to srt things out. Give me a break.
-
Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
Bank of England has cut interest rates again
gmc;1080455 wrote: Let me put this in perspective for you. in 2004 the FSA started regulating the morrtgage market-there are two main principles lenders have to comply with, responsible lending and treating customers fairly.
Letting the likes of northern rock lend 125% loan to value and allowing self cert mortgages with obviously inflated incomes as well as allowing lenders to re-securitise their loans, borrow more and do the same thing can hardly be called responsible lending. It was so obviously building up a money bubble. Neither can turfing people out their homes without allowing reasonable time for them to get a new job or in the case of northern rock force people to re-mortgage elsewhere by denying them access to the lower rates offered to new borrowers be called-by any stretch of the imagination, treating customers fairly-incidentally other lenders do the same thing but he FSA turns a blind eye.
The lenders need the FSA authorization to offer mortgages or indeed transact any business at all . All GB has to do is to withdraw authorisation and their continuing ability to shaft the great British public is gone.
Let me repeat that for you. He already has the power to force the banks to comply. he doesn't need to threaten he can just do it. He can also force credit card companies to lower their rates. In case you have forgotten Parliament can legislate in any way it wants to sort out the banks. They expect us tio bail them ouyt why on earth is he pussyfooting around asking them to please not repossess people why the hell should the taxpayer pick up the tab let the banks do it. If you can't afford the mortgage move to smaller house.
Gordon brown is a tosser, a wanker, a liar a hypocrite in other words a typical politician.
In all the complaints about bad advice, misspelling the biggest culprits by far is the bankiong industry yet our regulators and now gordon brown carry on as if they are frightened of them. If any other industry had failed like the banking one all the senior managers would be on the dole queue but no we need their expertise to srt things out. Give me a break.
I concur that you may have a wee point there gmc:D
Letting the likes of northern rock lend 125% loan to value and allowing self cert mortgages with obviously inflated incomes as well as allowing lenders to re-securitise their loans, borrow more and do the same thing can hardly be called responsible lending. It was so obviously building up a money bubble. Neither can turfing people out their homes without allowing reasonable time for them to get a new job or in the case of northern rock force people to re-mortgage elsewhere by denying them access to the lower rates offered to new borrowers be called-by any stretch of the imagination, treating customers fairly-incidentally other lenders do the same thing but he FSA turns a blind eye.
The lenders need the FSA authorization to offer mortgages or indeed transact any business at all . All GB has to do is to withdraw authorisation and their continuing ability to shaft the great British public is gone.
Let me repeat that for you. He already has the power to force the banks to comply. he doesn't need to threaten he can just do it. He can also force credit card companies to lower their rates. In case you have forgotten Parliament can legislate in any way it wants to sort out the banks. They expect us tio bail them ouyt why on earth is he pussyfooting around asking them to please not repossess people why the hell should the taxpayer pick up the tab let the banks do it. If you can't afford the mortgage move to smaller house.
Gordon brown is a tosser, a wanker, a liar a hypocrite in other words a typical politician.
In all the complaints about bad advice, misspelling the biggest culprits by far is the bankiong industry yet our regulators and now gordon brown carry on as if they are frightened of them. If any other industry had failed like the banking one all the senior managers would be on the dole queue but no we need their expertise to srt things out. Give me a break.
I concur that you may have a wee point there gmc
:DAt the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
still not here oscar
my little trout
my little trout
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."
-
Oscar Namechange
- Posts: 31840
- Joined: Wed Jul 30, 2008 9:26 am
Bank of England has cut interest rates again
el guapo;1080838 wrote: still not here oscar
my little trout
UM UM UM UM UM UM UM UM UM UM.................................................................................................................................................
UM UM UM UM UM UM UM ...................................................................................
UM UM UM UM UM UM UM .....................................................................................................
UM UM UM UM UM UM UM ..............................................................................................................
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No, it's not is it????? :yh_pray:yh_pray:yh_pray:yh_pray:yh_pray
my little trout
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No, it's not is it????? :yh_pray:yh_pray:yh_pray:yh_pray:yh_pray
At the going down of the sun and in the morning, we will remember them. R.L. Binyon
Bank of England has cut interest rates again
You um the tune and we'll try and join in.
oscar;1080865 wrote: UM UM UM UM UM UM UM UM UM UM.................................................................................................................................................
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No, it's not is it????? :yh_pray:yh_pray:yh_pray:yh_pray:yh_pray
oscar;1080865 wrote: UM UM UM UM UM UM UM UM UM UM.................................................................................................................................................
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No, it's not is it????? :yh_pray:yh_pray:yh_pray:yh_pray:yh_pray
Bank of England has cut interest rates again
oscar;1080865 wrote: UM UM UM UM UM UM UM UM UM UM.................................................................................................................................................
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No, it's not is it????? :yh_pray:yh_pray:yh_pray:yh_pray:yh_pray
is one admitting they were wrong
my little cods wholop
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No, it's not is it????? :yh_pray:yh_pray:yh_pray:yh_pray:yh_pray
is one admitting they were wrong
my little cods wholop
"To be foolish and to recognize that one is foolish, is better than to be foolish and imagine that one is wise."