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I agree with you on this too, the recent policy to allow people to access their pensions means that the housing market is being stoked again. Generally those that access it will be handing it down to family for deposits, good for those with responsible parents and grandparents. Then again, it...

Your own political prejudice and lack of objectivity mean you can easily reconcile the realms of reality and fantasy, like a schizophrenic.........you need treatment, stop posting and get down to the hospital.

Let's be absolutely clear, plenty of institutions and countries got caught up in the consequences of the crisis, they were not all involved in the cause. Take HBOS, they had massive exposure to the UK housing market, because they had instituted mortgage products and policies that were not...

There were plenty of ways that Banks employed to ensure people could access the housing market, Northern Rock's 125% mortgage arrangement is merely symptomatic. The overall effect was a housing market over heating and the general belief that "property" was the road to riches...........as with...

Are you mad? The UK housing market was overheating for years, and instead of cooling it down, the Labour Party in charge allowed the financial institutions to put more fuel into it by allowing more people to borrow more money more easily. 100 to 125% mortgages, borrowing up to10x salary...

By referring to a WORLD economic crash you are defending New Labour. The cause was not global there is no doubt the effects were, albeit this is largely because of the implications of what happens when the U.S. falls into recession. It was not a global phenomenon that financial institutions...