Response to BOE BBC Lecture: King admits failing to ‘shout’ about risk
I'm afraid this response isn't good enough. Considering laymen could see the risks with 100-110% mortgages I fail to see why the BOE did not see this as a risk. Never should more than 90% be loaned FULL STOP, otherwise it fosters perceived legalised ponzi schemes. We also had ridiculous American president backed policies to give out mortgages to people who could not afford them. Perception for this was global agreement to foster inflation in property for politicians to capitalise on through property flipping. Such is the corruption riddled in society through bonus culture in top to bottom of organisations (PPI and more(free temporary loans for banks / fixing he books), I fail to see how the BOE or anyone can fix this. You all seem to be in on the show, so the public awaits for the next perceived shafting of the tax payers. I also believe inflation control was and still is abysmal.
UPDATE: After my comments the BOE bows to pressure for probes.
Yes, your are right, everyone hope that once it will be okay, when the time come it will be good .
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Yes we hope, but the Europe fiscal compact will be challenged in the short term. Failutre to get a grip of the increasing debt could derail the recovery over the medium term.
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