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Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
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 Posted: Mon Oct 15, 2007 1:28 am Post subject: Britain's Subprime Mortgage Lending Industry Revealed - BBC |
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By: Sarah_Jones
The BBC's flagship documentary programme, Panorama investigates the blatant abuses and fraud that has taken place in the Britain's own Subprime mortgage market, which is primed for a crash US style. Watch the programme now online.
 http://www.marketoracle.co.uk/article2397.html
A quote from the programme - "With mortgages regularly being sold to people on benefits and some home loans being given at up to 16 times the applicant's salary, Panorama finds out if the mis-selling of mortgages to those with bad credit records could cause a financial crisis in Britain similar to that in the US."
By Sarah Jones
(c) Marketoracle.co.uk 2005-07. All rights reserved.
The Market Oracle is a FREE Daily Financial Markets Forecasting & Analysis online publication. We present in-depth analysis from over 100 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk |
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