Comments on: Another UK mortgage bank in trouble? http://www.johnredwoodsdiary.com/2008/09/27/another-uk-mortgage-bank-in-trouble/ Conservative Party Candidate for Wokingham Sun, 21 Mar 2010 17:12:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: michael, islington http://www.johnredwoodsdiary.com/2008/09/27/another-uk-mortgage-bank-in-trouble/#comment-25402 michael, islington Sat, 27 Sep 2008 20:19:38 +0000 http://www.johnredwoodsdiary.com/?p=1652#comment-25402 I note your name is being taken in vain by many commentators for your report last year which urged radical deregulation of the financial sector, including the mortgage industry. Indeed, a Conservative panellist on this week's Question Time, faced with an allegation by another panelist over the wisdom of your recommendation, was anxious to state that the party had definitely rejected your policy. How do you plead? Reply: This site and the Report refutes this Labour drivel. I note your name is being taken in vain by many commentators for your report last year which urged radical deregulation of the financial sector, including the mortgage industry.

Indeed, a Conservative panellist on this week’s Question Time, faced with an allegation by another panelist over the wisdom of your recommendation, was anxious to state that the party had definitely rejected your policy.

How do you plead?

Reply: This site and the Report refutes this Labour drivel.

]]> By: Johnny Norfolk http://www.johnredwoodsdiary.com/2008/09/27/another-uk-mortgage-bank-in-trouble/#comment-25394 Johnny Norfolk Sat, 27 Sep 2008 13:54:34 +0000 http://www.johnredwoodsdiary.com/?p=1652#comment-25394 I totaly blame Labour and Brown in particular for letting it get to this state. He then has the cheek to start spouting in the U.S. about what needs to be done. Pathetic. I totaly blame Labour and Brown in particular for letting it get to this state. He then has the cheek to start spouting in the U.S. about what needs to be done. Pathetic.

]]> By: Brian http://www.johnredwoodsdiary.com/2008/09/27/another-uk-mortgage-bank-in-trouble/#comment-25392 Brian Sat, 27 Sep 2008 13:42:10 +0000 http://www.johnredwoodsdiary.com/?p=1652#comment-25392 You are spot on as per usual however journalists seem to prefer listening to the drivel of Vince Cable instead. Come on John do us all a favour and get out there and fight the free markets corner. You are spot on as per usual however journalists seem to prefer listening to the drivel of Vince Cable instead. Come on John do us all a favour and get out there and fight the free markets corner.

]]> By: Nick http://www.johnredwoodsdiary.com/2008/09/27/another-uk-mortgage-bank-in-trouble/#comment-25385 Nick Sat, 27 Sep 2008 11:13:51 +0000 http://www.johnredwoodsdiary.com/?p=1652#comment-25385 So you believe that we should just let the B&B crash and work on the consequences after it's too late? If it crashes all jobs would be lost and it would send the market into yet another tail spin, with them look for the next victim! So you believe that we should just let the B&B crash and work on the consequences after it’s too late? If it crashes all jobs would be lost and it would send the market into yet another tail spin, with them look for the next victim!

]]> By: Kit http://www.johnredwoodsdiary.com/2008/09/27/another-uk-mortgage-bank-in-trouble/#comment-25384 Kit Sat, 27 Sep 2008 11:08:39 +0000 http://www.johnredwoodsdiary.com/?p=1652#comment-25384 Having the nationalisation option means any private buyer has to pay a higher price. If the B&B board think they can negotiate a better deal from the government than a private buyer they will hold-out for nationalisation. This government has taken moral hazard to an all new level. Having the nationalisation option means any private buyer has to pay a higher price. If the B&B board think they can negotiate a better deal from the government than a private buyer they will hold-out for nationalisation. This government has taken moral hazard to an all new level.

]]> By: Acorn http://www.johnredwoodsdiary.com/2008/09/27/another-uk-mortgage-bank-in-trouble/#comment-25381 Acorn Sat, 27 Sep 2008 10:37:06 +0000 http://www.johnredwoodsdiary.com/?p=1652#comment-25381 Would you buy it John? The Treasury nor the BoE can find a bank in Europe that wants it. I expect a sweetener will turn up from the taxpayer. The US has set the pattern now for these fire sales. Some bedtime listening for Redwoodians:- http://www.financialsense.com/Experts/2008/Noland.html [the mp3 file downloads quicker, don't forget to turn your volume up] Would you buy it John? The Treasury nor the BoE can find a bank in Europe that wants it. I expect a sweetener will turn up from the taxpayer. The US has set the pattern now for these fire sales.

Some bedtime listening for Redwoodians:-

http://www.financialsense.com/Experts/2008/Noland.html

[the mp3 file downloads quicker, don't forget to turn your volume up]

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