Top Ten Valuations
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| A load of old jugglers |
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If you actually think this Government has any idea what it is doing then please read this from Michael Coogan, Director General of the Council of Mortgage Lenders. “To different degrees lenders are facing conflicting pressures to recapitalise against possible future losses, service government’s preference shareholdings at 12 per cent, pay a premium to access the Bank of England Special Liquidity Scheme, show forbearance to borrowers in arrears, follow base rate moves down to help their existing borrowers, keep savings rates high to support existing savers, and provide competitive rates to new borrowers and savers to maintain economic activity in a recession. And they are supposed to ensure their long term financial stability to help the UK economy rebuild itself when we are out of the recession." Is that all?? Even a man with four arms couldn’t juggle this lot. Has Gordon gone mad? Well madder anyway……. http://www.timesonline.co.uk/tol/money/property_and_mortgages/article5312186.ece |