Jump to content

Rob W

Member
  • Posts

    6,172
  • Joined

  • Last visited

Posts posted by Rob W

  1. they've been taking a hammering in the market

     

    as I understand it their "business" model" is borrowing from (mainly) US sources and lending to Brits - they then parcel up these loans and sell them on to the sub-prime borrowers

     

    right now there is no money available from the US  and no -one is buying mortgage packages

     

    they can still borrow at LIBOR of course but this really murders their margins............... 

×
×
  • Create New...