government owns 45% of mortgage market

[Rob_T]

what do you think the short term (ie next 6 months) effect will be.

there is a huge amount of political gain to be made by this hold and influence on the market. could this lead to a false bottom of the market on which a rise starts (a false bottom that gordon brown et al hope will strengthen over time, and not go horribly wrong?)

i think the temptation to influence will be far too great to avoid... and i think it will work.

this is going to be gordon's falklands moment...

[Plotloss]

Thats quite a lot of people in council houses.

Dinner party conversation has just got a lot more interesting...

[Jimbo.]

They fully "own" or just have a stake in?

[Fittster]

The government should be an excellent mortgage provider as the can borrow at rates lower than commercial organisations. The problem will be if the use their competitive advantage to take business from commercial firms.

[rich1231]

Im in council property now.. the fing shame

[Rob_T]

Fittster said:

The problem will be if the use their competitive advantage to take business from commercial firms.

you have to assume they won't but with their stake, it may start to stir up a bit of activity in the money lending market and kickstart everything off again. if they set president for sensible lending criteria (and now they are in a perfect position to take control of the whole boom / bust cycle) it will encourage the private sector to follow suit... i think it's a great thing, and i'm saying that despite my propensity to goosestep down marlow high street.

[Plotloss]

rich1231 said:

Im in council property now.. the fing shame

When are you having the stone cladding done?

[rich1231]

Plotloss said:

rich1231 said:

Im in council property now.. the fing shame

When are you having the stone cladding done?

Already booked an already got a sofa on the drive

[emicen]

rich1231 said:

Plotloss said:

rich1231 said:

Im in council property now.. the fing shame

When are you having the stone cladding done?

Already booked an already got a sofa on the drive

Have you left space for the generic small hatch back minus engine and gearbox propped up on bricks instead of axle stands?

[BoRED S2upid]

The dont own any aspect of my house. Im not a new council tennant.

Just trying to buy another election win I recon. Remember that impending financial doom of 08 that we successfully bought our way out of, vote for us again and in another 4 years ... blagh...blagh

[scotal]

BoRED S2upid said:

Just trying to buy another election win I recon. Remember that impending financial doom of 08 that we successfully bought our way out of, vote for us again and in another 4 years ... blagh...blagh

Worries me that.4 more years of this......

[Yertis]

So are Barclays in or out of Gordon's vile scheme? I can't find the info... news blackout...awkward questions...etc...

[Plotloss]

Yertis said:

So are Barclays in or out of Gordon's vile scheme? I can't find the info... news blackout...awkward questions...etc...

Barclays trying to stand on their own two feet via share issue.

Offer is still there, unknown whether they'll raise the funds required.

[chris_w666]

rich1231 said:

Im in council property now.. the fing shame

Well done sir you now are a drain on the state

[Rob_T]

Yertis said:

Gordon's vile scheme?

take political emotion out of it. it's a great scheme.

if i'm wrong, tell me why and i'll eat humble pie

[rich1231]

emicen said:

rich1231 said:

Plotloss said:

rich1231 said:

Im in council property now.. the fing shame

When are you having the stone cladding done?

Already booked an already got a sofa on the drive

Have you left space for the generic small hatch back minus engine and gearbox propped up on bricks instead of axle stands?

Done

Also have hired 5 chav children to hang outside all hours

[sprinter885]

Sorry Rich-you ain't a true council type if you don't have at least 5 kids of your own !

( well- they might be shared between you & your partner's previous partner's !)

[ZR1cliff]

rich1231 said:

Plotloss said:

rich1231 said:

Im in council property now.. the fing shame

When are you having the stone cladding done?

Already booked an already got a sofa on the drive

Na ya need to get yer bird up the duff and plan fer yer benefits init

[NoelWatson]

Rob_T said:

could this lead to a false bottom of the market on which a rise starts

No

[Rob_T]

NoelWatson said:

Rob_T said:

could this lead to a false bottom of the market on which a rise starts

No

why not?