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  1. 18/09/2008 21:32

    Not so very long ago, pundits were saying that there was too much liquidity in the markets leading to capital chasing around for a home, even in high risk loans to people who would normally be never considered suitable.

    So now the inevitable is happening and excess is being squeezed out of the system. And are banks and finance houses entirely to blame? Certainly in the US, the politicians have pushed a fairly consistent line of encouraging more and more house buying to many in the interests of equity, PC and racial fairness. Sounds good, but not too prudent.. and neither is nationalising finance so that politicians have direct influence on markets.



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