Sunday, August 7, 2011

UK! Legal question: If you insure your mortgage for unemployment and ask to be alleviated of responsibility--?

If it wasn't for Mr Brown and Labour, this bank would have gone out of business. Fine for net borrowers, whose mortgages would be bought by another lender, and would notice no difference. Not fine for net depositors who would have lost their savings in excess of the government deposit guarantee. Be grateful to Gordon.

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