Originally posted by Peter Loew
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"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested." -
Originally posted by _V_ View PostI wonder how NR got into credit difficulties?
Lack of liquidity in the interbank credit market?"See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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Originally posted by Moscow Mule View PostLack of liquidity in the interbank credit market?
No it's the way I'm stoodThe court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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Originally posted by Spacecadet View PostI thought that was half of the currrent problem with the mortgage market in general? Banks and building societies have sold mortgages on but only for a short term eg 5 years, those buyers are now coming back expecting the banks to buy those mortgages back and very few are willing to rebuy the debt and take on the risk
For brokers read some investment ****** with large bonus.
Northern Rock problems happened when they could not off load anymore old mortgages to get money to fund new mortgages.Fiscal nomad it's legal.Comment
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Originally posted by alreadypacked View PostI think the problem is Banks and building societies have sold mortgages on to brokers who have sold them to other brokers but only for a short term eg 5 years, those buyers are now coming back expecting the brokers to buy those mortgages back and very few are willing to rebuy the debt and take on the risk.
For brokers read some investment ****** with large bonus.
Northern Rock problems happened when they could not off load anymore old mortgages to get money to fund new mortgages.First Law of Contracting: Only the strong surviveComment
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