Copy Obama and help small lenders.
Last week saw President Obama’s boldest move yet as he attempts to steer the US out of the storm. His $trillion pledge has a substantial sum allocated to buy up legacy assets or in other words the loans that are considered toxic. Once the banks off-load these assets they will be a lot more confident.. read more →
Blame Brown, not the bankers.
Whilst I won’t claim to have watched the full 3 hours and 15 minutes of the Kangaroo Court, sorry I mean the Treasury Select Committee’s grilling of the naughty bankers from HBoS and RBS I watched enough to get annoyed. We all know that a few bankers have made ridiculous amounts of money by exploiting.. read more →
Local Authority Lending Would Fill the Mortgage Gap
In its latest white paper, Exact has said the government should reinstate local authority mortgage lending to fill the public lending shortfall. The paper argues that currently the government is relying on a few high street banks to supply the UK mortgage market, but they have failed to use all lending resources available to them... read more →