A big rate cut at last !!?? I hope........

[zara_backdog]

Have you read my earlier info regarding mortgage 'collars' ? Not all banks will reduce rates below about 3.5%.

3.5% will do me fine thanks. I brought my first house in 1982 ( ex-husband got that one - well his girlfriend did in the end - long story...) Interest rates were 15% then and had just come down too.

[HairyArsedBloke]

Possibly, but we could have left interest rates alone and ensured, through meaningful regulation, that the banks ceased using high-risk business models that were, in effect, highly irresponsible lending IMHO. We were left in a position where there was little or no risk to the top bankers that were rubber-stamping such practises as they were minted anyway as a result of their bonus scheme. It is the rest of us that are left picking up the pieces. HMG could and should have seen this disaster building and acted to shield us from the worst effects by giving the financial regulators some teeth. This they singularly failed to do, and for that they must be held accountable, and will be come the next Election.

Blaming ‘the bank’ for the problem is like saying a lion that escapes from the zoo is guilty of murder if it kills someone. In this analogy one could blame the keepers for being negligent and allowing the escape (i.e. blame regulators / BoE, Federal Reserve, etc). However, I would bring in for questioning the Zoo owner (nuLieBore regime/Clinton, Bush administrations) who deliberately let the lion escape (not specifically with an intention that it kills) to bring in more visitors as a result of the publicity.

[Peoplesoft bloke]

3.5% will do me fine thanks. I brought my first house in 1982 ( ex-husband got that one - well his girlfriend did in the end - long story...) Interest rates were 15% then and had just come down too.

bought

Are you from the South Coast? Portsmouth, Selsey?

[zara_backdog]

bought

Are you from the South Coast? Portsmouth, Selsey?

No! - I leave near Middle Earth.

As a matter if interest – just watched ‘Loose Women’ on the telly ( sad, I know) and they have just done a spot on poor spelling.

[Cyberman]

No! - I leave near Middle Earth.

As a matter if interest – just watched ‘Loose Women’ on the telly ( sad, I know) and they have just done a spot on poor spelling.

I wish you'd stick that syringe up Peoplesoft Blokes hypocritical ars e !!

[Bagpuss]

Cybertory I'm still waiting for an answer on how lowering interest rates 2003-2007 would have curbed consumer debt and debt fuelled inflation and prevented the credit cruch

[zara_backdog]

I wish you'd stick that syringe up Peoplesoft Blokes hypocritical ars e !!

You grab him and I'll stick in in

[Peoplesoft bloke]

I wish you'd stick that syringe up Peoplesoft Blokes hypocritical ars e !!

You're pretty free with the insults today CyberTory.

[Cyberman]

Cybertory I'm still waiting for an answer on how lowering interest rates 2003-2007 would have curbed consumer debt and debt fuelled inflation and prevented the credit cruch

I never said lower rates were a good thing in that period. It was a boom period due to lower rates and unfettered lending. A complete disaster instigated by brown and Co.

[Bagpuss]

I never said lower rates were a good thing in that period.

I'm not so sure, hmmm. However, You've posted so much codswallop on NR it would be like searching for a needle in a haystack