The Credit Crunch Thread (7 Oct: RBS Shares Collapse, IceSave withdrawals blocked!)

[BlueDwarf]

I see one of the caveats to the money being pumped into the banks is that they want mortgage prices to drop.

So, mtg prices drop, more people get mtgs, more people buying houses, house prices rise... yep, don't see any problems there..

[douglasb]

Except that unemployment is rising - and is likely to continue to do so - so demand will remain low.

[Kryten]

Closing - 1000 posts