Category Archives: Britain

Let’s Beat Up On Goldman Sachs

The left-wing Obama administration and the left-wing Gordon Brown administration in the United Kingdom are using the Wall Street investment firm Goldman Sachs as a football. It looks like they are having fun kicking it around and these leftists are … Continue reading

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Britain Revamps Mortgage Lending Rules

Mortgage lenders in Britain will soon have to verify the incomes of all people taking out mortgages according to new regulations suggested this week. I don’t get it. Why would lenders need to be regulated in this way? Lenders have … Continue reading

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Home Prices Increase In Britain

Reuters reports that British banks approved 80% more new home mortgages last month as compared with a year before. Home prices in Britain dropped by about 20% in 2008 but have been increasing this year. Reuters says: Demand for re-mortgaging … Continue reading

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Thomas Sowell’s New Book: The Housing Boom and Bust

Check out the book on Amazon.com. Economist Thomas Sowell appeared on Dennis Prager’s radio show May 27: Tom: If the results weren’t so serious, all this would make a great Gilbert & Sullivan musical, with all the mutually contradictory statements … Continue reading

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British Banks Raise Rates

Here’s the view from London: Northern Rock, the Government-owned lender, has announced that it is pulling all its tracker deals for homeowners and landlords and is expected to increase rates when it relaunches the mortgages later this week. It follows … Continue reading

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The Next Refinance Problem

Corporate debt says the Times of London. There’s been a dramatic rise in bad debts. Banks are not eager to lend. Businessmen are scared about refinancing debt when it comes due. Most of the chief executives I meet these days … Continue reading

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Mortgages Worth Less In Britain

From the Telegraph: The Council of Mortgage Lenders (CML) is preparing to release its estimate for the total amount of money leant by building societies and banks in September. It is thought that the figure could be as little as … Continue reading

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British Bank Rescue

From Australia: Hank Paulson’s a wimp. Alistair Darling, Britain’s Chancellor of the Exchequer, has shown him what a real bailout looks like, throwing £500 billion worth of support, including up to £50 billion of taxpayer-sourced equity, at the UK banking … Continue reading

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The Mortgage Crisis

From the UK: Heard today that even hotdog salesman were selling mortgages in the US. The one that was used as an example had sold 19 mortgages and (surprise!) all lead to foreclosures… Experts Exchange doesn’t sell mortgages, but they … Continue reading

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Mortgage Options Narrow In Britain

From the BBC: The number of mortgages available to buyers with a 5% deposit is shrinking fast, as lending is cut because of the credit crunch and falling house prices. There are only 60 such deals currently available from lenders, … Continue reading

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