Tuesday 23 June 2009

The credit crunch continues.....

UK banks have fallen out of love with structured personal loans. Secured lending is so much better. Housing - bricks and mortar - is the best kind of collateral.

3 comments:

R. Walker said...

How long will it take for banks to run down their secured loans to zero. Judging by this picture, the banks have reduced their exposure by 20% already.

Mark Wadsworth said...

"Housing - bricks and mortar - is the best kind of collateral."?

Fitch Ratings would beg to differ.

Anonymous said...

This is a good thing, is it not?