Credit Crunch Hits UK Mortgage Market

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Uploaded by on Apr 9, 2008

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News & Politics

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  • Its all been a massive con with investors and (as a side effect) home owners partying on the equity for years.The Market has been manipulated and is a total falsehood! Meanwhile in the real Britain people are being offered minimum wages, short term contracts, treated like garbage and have to do double the work just to keep the job. Jobs have been moved to China for cheap labour!Its time house prices plummeted because we have all been conned and we should have seen this coming!!!

  • I agree. It's 4 months on since you posted this and look where we are now? Not any better and nothing has been solved or even proposed really. What a disgrace this nation is.

  • let the banks go under. stop the banks ripping us off. stop the government using our money to boost there profits . raise intrest rates brown you are useless and i have always been labour. no more while brown leads ill never vote labour. get a new leader labour party.

  • THIS IS A BULL SHIT CON BY THE FAT CAT BANKERS TRYING TO FURTHER ENSLAVE THE MASS POPULATION - UK LOOK TO BE JOINING EURO US LOOK TO BE JOINING THE AMERO

    FUCK THE NWO IT DONT FOOL ME FOR ONE SECOND - ANYONE THINKING THAT THIS SHIT IS NOT PLANNED AND CONTROLLED ARE FOOLS

    Credit crunch my arse........................

  • On February 12 this year we wrote that New Zealand house prices were 30% over valued and that a significant correction was underway. On March 14 we were the first to report the BNZ's brave forecast of a recession in the first half of 2008. We used the same headline as the research note: "Recession!" in our report. It was the first time I've seen a bank economist use an exclamation mark to announce a research note.

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