The Bubble Goes Bang

I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Wednesday, 17 September 2008

HBOS - Lloyds TSB merger: mortgage rates to rise

Mortgage rates are likely to rise if Lloyds TSB takes over HBOS, according to personal finance experts.

The merger will create Britain's biggest mortgage company, supplying more than one in four mortgages in Britain.

Mortgage experts said the creation of such a big player would be bad for competition in the market, causing rates to increase.

more ...

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Posted by AC at 20:00
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