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  • #1

    Credit problems in UK

    One of the UKs biggest lenders on property has had to be rescued by the Bank of England.

    Building Societies are like Banks - holding savers money and lending to others - mostly for mortgages on their homes.

    This problem seems to be related to that in the US.

    BBC NEWS | Business | Northern Rock gets bank bail out
    http://news.bbc.co.uk/2/hi/business/6994099.stm
    BBC, News, BBC News, news online, world, uk, international, foreign, british, online, service
    Atkins didn't say 'Calories don't count',
    he said, 'Don't count calories.'
    --------------------------------------
    Male 6 ft 3in 60 years old. Married 28 years.
    Began Atkins March 04 at 260lb, reduced to 203lb by April 07 and maintained.
    Blood Pressure Mar 04 147/94 . Jun 04 121/74 . Dec 04 119/72 . Jan 06 126/71 . Dec 07 110/70
    Atkins makes exercise mandatory - I took up cycling - see last pics at 203lb.


    http://www.fitday.com/WebFit/PublicJournals.html?Owner=labarum
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  • #2
    Re: Credit problems in UK

    Sounds familiar. I'm on the fence on how stringent lenders should be to protect the investors, yet giving everyone who has the ability to repay the opportunity to be home owners.


    Restart 8/10/07
    Third time is a charm
    F/42/5'4"
    Sept Abs Challenge 150 down of 500 committed

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    • #3
      Re: Credit problems in UK

      In UK the Building Society is rather different to a bank, and has an interesting history.

      See

      Building society - Wikipedia
      http://en.wikipedia.org/wiki/Building_society
      Atkins didn't say 'Calories don't count',
      he said, 'Don't count calories.'
      --------------------------------------
      Male 6 ft 3in 60 years old. Married 28 years.
      Began Atkins March 04 at 260lb, reduced to 203lb by April 07 and maintained.
      Blood Pressure Mar 04 147/94 . Jun 04 121/74 . Dec 04 119/72 . Jan 06 126/71 . Dec 07 110/70
      Atkins makes exercise mandatory - I took up cycling - see last pics at 203lb.


      http://www.fitday.com/WebFit/PublicJournals.html?Owner=labarum

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