B&B Doom

[HairyArsedBloke]

Repossessed homes to be given to "key workers"?

You read it here first.

nuLieBore party members

[Sysman]

So HMG get 40 Billion worth of mortgage assets for nothing. Sounds a good deal to me !!

Repossessed homes to be given to "key workers"?

You read it here first.

[Cyberman]

So HMG get 40 Billion worth of mortgage assets for nothing. Sounds a good deal to me !!

[HairyArsedBloke]

A problem I see with this nationalization poo is that the punter in the street, who isn't a financials guru, will be left wondering who owns what, and who is resonsible for what should more things go wrong. Am I right in saying that the B&B has been split into 2 parts: Santander snaffled the "good" part, and HM Gov. bailed-out the browner & smellier end of the stick?

UK T payer

(I don't use the T word)

[cojak]

Read that as Bed & Breakfast doom...

I've got a cold...

[Bob Dalek]

A problem I see with this nationalization poo is that the punter in the street, who isn't a financials guru, will be left wondering who owns what, and who is resonsible for what should more things go wrong. Am I right in saying that the B&B has been split into 2 parts: Santander snaffled the "good" part, and HM Gov. bailed-out the browner & smellier end of the stick?

[ace00]

http://business.timesonline.co.uk/to...cle4844097.ece

B&B nationalised as Government takes on £40bn mortgage debt
.................
Banco Santander, the Spanish bank that owns Abbey National, has bought the £20 billion deposit business and the network of 200 branches.
.................

You see what they've done there?
UK gov takes all the non-performing debt, Spain takes all the fixed deposits and assets.
I'm no economist but......
Still, what's another 40 billion here or there......
IMF