Now... imagine if this had been Fox news. 馃槖
[b]This is actually worth watching! 馃え[/b]
[youtube=https://www.youtube.com/watch?v=EC0G7pY4wRE]
[youtube=https://www.youtube.com/watch?v=EC0G7pY4wRE]
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Picklebobble2 路 56-60, M
Not convinced.
I think he makes too many assertions without offering sufficient evidence.
And the rebuttle wasn't very good.
There might be a case for separating 'speculative' banking from 'deposit banking'. But i think we have that already following the collapse of BCCI in '91.
If not then certainly in light of the Nick Leeson/Barings bank case.
The cause of the '08 crash was because banks were lending over-valued mortgages. And THAT IS a major problem. Repeatedly !
Rather than having different layers of banking i'd rather see realistic valuing of property NOT the hyped stupidity of a 20K built house being valued at 200K that realistically NOBODY could afford !
And with the seemingly endless cycle of boom periods and flatline periods and negative equity periods which we've seen since the 1980's,we could really use a new way of thinking.
I think he makes too many assertions without offering sufficient evidence.
And the rebuttle wasn't very good.
There might be a case for separating 'speculative' banking from 'deposit banking'. But i think we have that already following the collapse of BCCI in '91.
If not then certainly in light of the Nick Leeson/Barings bank case.
The cause of the '08 crash was because banks were lending over-valued mortgages. And THAT IS a major problem. Repeatedly !
Rather than having different layers of banking i'd rather see realistic valuing of property NOT the hyped stupidity of a 20K built house being valued at 200K that realistically NOBODY could afford !
And with the seemingly endless cycle of boom periods and flatline periods and negative equity periods which we've seen since the 1980's,we could really use a new way of thinking.
Pseudonym 路 26-30, M
@Picklebobble2 Tell me about it. I've got a shared ownership mortgage for a bloody flat, not because I want to, but because the only alternative was renting which would have cost me about the same every month. There was no way in hell that I was ever going to be able to afford a full mortgage at the prices properties are valued at in this country. It is disgusting.
Picklebobble2 路 56-60, M
@Pseudonym Banks have to satisfy investors and shareholders first. But i really think if we restructured how we value property and mortgaged accordingly you'd see a regular flow of housing market movement and fewer defaults as a result.
Just have to stop greed creeping into it somehow.
Just have to stop greed creeping into it somehow.
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