14-07-2010, 06:45 PM
Britain's comatose financial regulator, the Financial Services Authority, has been trying to make headlines about how it will ban "self-certified" mortgages, aka "liar loans".
The banks are screaming "Foul!".
Meanwhile, here is the preposterous truth:
http://www.telegraph.co.uk/finance/perso...y-FSA.html
Nothing to see here....
The banks are screaming "Foul!".
Meanwhile, here is the preposterous truth:
Quote:A spokeswoman for the FSA said on Monday that,
(snip)
nearly half of all mortgages taken out between 2007 and the first quarter of 2010 were advanced without consumers having to verify their income.
http://www.telegraph.co.uk/finance/perso...y-FSA.html
Nothing to see here....
"It means this War was never political at all, the politics was all theatre, all just to keep the people distracted...."
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war
"Proverbs for Paranoids 4: You hide, They seek."
"They are in Love. Fuck the War."
Gravity's Rainbow, Thomas Pynchon
"Ccollanan Pachacamac ricuy auccacunac yahuarniy hichascancuta."
The last words of the last Inka, Tupac Amaru, led to the gallows by men of god & dogs of war