Negative Equity? Well yes, of course!

At last things are getting through to the media - it must be 15 months since we said the crash of '89 was here again, and now the Daily Mail have picked up on it, and BBC Tv & Radio News too

Vince Cable was spot on all those months ago, and he is again today - The IMF International Monetary Fund says there is a 25% chance of a world recession - pah! Get real you people, it is here, up on us, right now

So Co-operative Bank has joined First Direct in closing doors to new customers and others have followed suit - silly really because it should be a restriction on re-mortgages if they want to trade out of the situation, maybe we should tell Darlin Gofor Gordon what he is missing, the fool

Credit Crunch - UBS Rights Issue

Greed is what caused me, and so many others to lose so much money and or equity back in the Crash of '89 and now it is greed by the institutions

Blinded by the cash prompted buying the bundles of sub prime mortgages from the US or UK by investment managers brokers and deal makers

Folly is what burst their bubble - did they not stop to think it might not go on forever?

Did they actually think it would continue?

As someone interviewed on TV last evening said, anyone who thinks it does not effect them is wrong, right up from the lowest of us through to the millionaires will be effected - its just that more of 'us' rather than 'them' can afford to be as adversely effected as we will be