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6
. Scandal of luring first-time buyers | Alice Miles - Times Online
unable to remortgage, unable to get credit and manage their debt in a fashioncannot repay their mortgage or indeed remortgage at all. The fat cats we all enjoy Its not all liquidity this, credit crunch, problems with the globalthe case that they were claiming credit for the economy right up to thebubble inflated. Funny how now the credit crunch is here everyone 'knowshouse price crash by pumping more credit into the market, which he knowsmost of the media) have treated the credit crunch as an unnecessary financialnecessary because the banks have so much bad debt that they need to recoup theirprices are not the fault of the credit market. There is a difference between
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http://www.timesonline.co.uk/tol/comment/columnists/alice_miles/article3768099.ece
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