Thatcher is to blame for the mess we are in now

[DonkeyApple]

Trommel said:

The idea of a career in the pre-Big Bang City appeals greatly.

It still exists so long as you avoid any building which contains people who think chinos are socially acceptable or that wearing a jumper on your shoulders is not an invitation to buggery.

[Trommel]

I suppose all those people in Sweetings and the George & Vulture must work somewhere.

[DonkeyApple]

Another interesting article well worth skimming:

http://www.telegraph.co.uk/finance/comment/jeffran...

[anonymous-user]

DonkeyApple said:

Another interesting article well worth skimming:

http://www.telegraph.co.uk/finance/comment/jeffran...

Terrible - but stating the bleeding obvious to those of us who have not spunked all our cash (and borrowings) up the wall.

[DonkeyApple]

garyhun said:

DonkeyApple said:

Another interesting article well worth skimming:

http://www.telegraph.co.uk/finance/comment/jeffran...

Terrible - but stating the bleeding obvious to those of us who have not spunked all our cash (and borrowings) up the wall.

£1.5tln is a staggering figure but 1.25 of that linked to property debt, a market which could see values drop should interest rates need to rise before the economy is growing strongly enough.

But it does highlight why regulators restricted who banks could lend to and how much and the absolute significance of the political descision to lift these restrictions.