"We have reached crisis point in the number of people at risk of repossession and alarm bells must be ringing in Government. These figures paint a terrifying picture showing real people living in the shadow of repossession and ultimately homelessness."The Mail added:
"Mortgage lenders were criticised yesterday for rushing to evict families from their homes, as the number kicked out SOARED BY 41% IN A YEAR..On 7 August 2008, The Mail followed up with this:
The Financial Services Authority said some lenders were 'too ready' to repossess customers' homes...
FROM JANUARY TO MARCH, 9,152 PEOPLE LOST THEIR HOMES, compared to 6,471 in the same period last year. The FSA also warns that 302,000 FAMILIES ARE IN 'THE LAST CHANCE SALOON', having not made repayments for at least three months."
"Hedge fund manager Crispin Odey has made a personal profit of £28 million by speculating on the credit crunch. While the rest of us suffer, Mr Odey and his wife, Nichola Pease, A FORMER NORTHERN ROCK DIRECTOR, have been milking the credit crunch for all it's worth...Ah, the Thatcher-Major-Blair-Brown-cuddled greed and self-service of the International Financiers. Don't you just love THEM? Don't you just love those who gave THEM the Wall-Street-Crash-like office to manufacture sub-prime and the credit crunch? Don't you just love those who enabled Hedge Fund 'speculators' to 'dictate the price?'
The very same rapacious speculators who made so much money in the boom years by exploiting the free and easy atmosphere in Britain's financial markets are now doing just as well from the downturn. FOR THEM, IT'S A WIN-WIN SITUATION.
But it doesn't stop with speculating on the misfortune of banks and their customers. The hedge funds are also benefiting from - or even causing - the soaring prices of oil and gas, bringing untold misery to the most vulnerable in our society.
The days when prices of such commodities were dictated by the simple rules of supply and demand are over. Instead, speculators can now dictate the price. These tactics have led to soaring fuel bills, hitting the motorist and causing a surge in inflation.
THE HEDGE FUNDS DELIGHT IN ALL OF THIS.
NOT FOR THEM THE WORRIES OF A SOCIAL CONSCIENCE, SO LONG AS THEY ARE MAKING MONEY, NONE OF THEM CARES HOW THEY DO IT!"
Don't you just love those who fixed things in Big-Bang, Black-Wednesday and Prudent-Chancellor-Land so that THEY would suffer no consequences for THEIR obscene wallet-stuffing behaviours?
Leaving the ordinary British citizen to pay the price for THEIR unpunishable crimes?
You don't love THOSE whom Thatcher, Blair and Brown love the best? You'd rather string THEM up? Now that's harsh. But only in a world where our politicians are owned, lock, stock and Hedge Fund Delight, by the Win-Win Situation people.
For the low-down on the man who, more than any other, created sub-prime, go here: Roland Arnall
For those of you who wish to know who, if any, were more responsible for bringing about the world-wide recession than Arnall, go here.