I wake up this morning to hear of a $16 billion bailout for Fortis, an asset stripping sale of Bradford & Bingley (B&B) to Santander with their mortgage book taken over by the government, and confirmation of $700 billion bailout of banks in the USA and firesale of Washington Mutual (WaMu). Add these names to…
Speaking of Bradford & Bingley (B&B), I got into trouble this week. You see, they're a bank that's heavily exposed to the mortgage market in Britain and, as mentioned in my last post, they have a £40 billion mortgage book with most of it in buy-to-let (landlords) and self-certification markets. But they also have…
Speaking of Bradford & Bingley (B&B), I got into trouble this week. You see, they're a bank that's heavily exposed to the mortgage market in Britain and, as mentioned in my last post, they have a £40 billion mortgage book with most of it in buy-to-let (landlords) and self-certification markets. But they also have…
Speaking of Bradford & Bingley (B&B), I got into trouble this week. You see, they're a bank that's heavily exposed to the mortgage market in Britain and, as mentioned in my last post, they have a £40 billion mortgage book with most of it in buy-to-let (landlords) and self-certification markets. But they also have…
Speaking of Bradford & Bingley (B&B), I got into trouble this week. You see, they're a bank that's heavily exposed to the mortgage market in Britain and, as mentioned in my last post, they have a £40 billion mortgage book with most of it in buy-to-let (landlords) and self-certification markets. But they also have…
It’s been a strange week, which is why I’ve only been intermittently blogging. For example, a visit to the countryside proved a challenge. There I was in a small village in Suffolk, with only one internet access point: the Library. And the library would not accept any USB stick usage, so the post I’d written…
