When the guarantee is removed let's see the rate at which our banks can borrow offshore money .. which supports a lot of our home borrowings ! The 1st home buyer grants have set these borrowers up for fall if the economy does not respond to the stimulus. Ponzi upon ponzi upon ponzi .. it is dumb !
You can borrow money to provide more goods to people who are even more heavily indebted than yourself - but someone has to pay somewhere ?
thursday trading, page-36
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