New Lie's total incompetence!!
'http://news.bbc.co.uk/1/hi/business/7349218.stm'
'Depending on whose estimates you believe, that leaves a hole in the mortgage market of about £40bn a year. Withdrawing that amount of funding from the market, almost overnight, risks creating just the kind of freefall in property prices that "irrational" investors fear. '
...... and how much are HMG removing from the Northern Rock mortgage book and thus lowering liquidity in the market by? ...... 50 Billion pounds!!!
'Depending on whose estimates you believe, that leaves a hole in the mortgage market of about £40bn a year. Withdrawing that amount of funding from the market, almost overnight, risks creating just the kind of freefall in property prices that "irrational" investors fear. '
...... and how much are HMG removing from the Northern Rock mortgage book and thus lowering liquidity in the market by? ...... 50 Billion pounds!!!
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