Re: Lie to buy

Mogga <di@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx> wrote:

http://news.bbc.co.uk/2/hi/programmes/file_on_4/7010415.stm

Whoops.

But wasn't this known about at the time and stated as a contributory
factor to the huge house price rise?

IMHO this is a big part of the reason we'll sooner or later see a
US-style crisis here.

FoFP



"On Thursday, Darling gave the City a stern lecture on how it wasn't the
government's job to bail out banks which had indulged in irresponsible
lending and borrowing. It was time to get back, he said, to "good
old-fashioned banking". The very next day, Darling bailed out Northern Rock"
.

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