Comments on: Central bank stimulus won’t solve the crisis Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: antipyramid Wed, 11 Jul 2012 10:21:07 +0000 The Bank of England is indeed very trying and currently on trial.
Mortgage backed securities? Only after rigorous Regulation is in place. They are what started the current crisis and were rated AAA by the rating companies. They were of course junk.They were wrapped in a cloak of “sub-prime” and wow, they were indded that! Flogging mortgages that have no chance of being repaid is not good practice as millions of people worldwide have found out the hard way.
A National Development Bank backede by Government is what we need, one institution dedicated to funding SME’s who can’t get loans from High Street Banks. The CEO would not be paid £20 million either. Besides, the High Streeters/Hooker Banks will be tied up in current inquiries, hopefully undertaken by Judges, not Parliamentary Committees with no teeth, after hearing “evidence” which within 48 hours is exposed as a series of lies.Let’s put our economy straight, then we can have a National Homeowners Bank againGovernment Bank for the average person on £20,000 a year. HIGH street will look after the rich at a price.
The bottom line is, earn money before you spend it.

By: DR9WX Tue, 10 Jul 2012 12:07:23 +0000 If the entire Financial Industry lasts beyond 21st December 2012 then perhaps we ought to start building more homes. Or rather a spate of building affordable housing.

On 25 and 40 year fixed term mortgages of low interest.

This could upset people who already have homes or mortgages. So let them re-mortgage or just ask them not to be too selfish.

Full banking and Government reform is required to avoid a total financial collapse but one small step at a time.

By: mulholland Tue, 10 Jul 2012 00:20:36 +0000 Repaying debt is not a crisis. The world governments issued $60 Trillion of debt and the debt must be repaid or reneged. Either way the money supply must contract over the coming century.