Totally utterly doomed. Official.

[NoddY]

Yeah we know most people bought BTL with their bonuses.

Bizzare times when BoE interest rates are much lower than savings rates (I've just opened a 6.5% instant access account) or loan rates, anyone would think they had lost control and the banks had decided rates should be higher

Risk has been socialised; therefore the banks can do as they please.

[Bagpuss]

Yeah we know most people bought BTL with their bonuses.

Bizzare times when BoE interest rates are much lower than savings rates (I've just opened a 6.5% instant access account) or loan rates, anyone would think they had lost control and the banks had decided rates should be higher

[Pondlife]

Rachel Lomax said there was uncertainty over the full impact of "the largest ever peacetime liquidity crisis".

Is this to do with the chavs' ability to get cheap special brew at asda?

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7264803.stm

The Bank of England's deputy governor has said the outlook for the UK economy in 2008 has "changed dramatically".

Rachel Lomax said there was uncertainty over the full impact of "the largest ever peacetime liquidity crisis".


Thank god BTL is immune.