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This sums it all up perfectly

Posted: December 3rd, 2008 | Author: James | Filed under: Uncategorized |

The FT reports that Gordon Brown is proposing mortgage holidays:

Gordon Brown is to grant homeowners in financial difficulty the right to demand a two-year mortgage holiday, guaranteed by taxpayers, in a dramatic bid to underpin the housing market.

Why should someone in financial difficulty get special treatment just because they own a house?  Wouldn’t some form of financial help that did not discriminate on the way you live be in order?

These crazy attempts to prop up the profligate - at the expense of those who did not borrow beyond their means to enter a bubble which has brought the financial system to its knees - beggars belief.


One Comment on “This sums it all up perfectly”

  1. 1 dirkgently said at 5:52 pm on December 3rd, 2008:

    Hi There,

    This is outrageous, I don’t want to put too much pressure on your fledgling organisation, but renters need a voice now more than ever.

    Someone MUST stand up for us and these appalling measures the government are putting in to protect homeowners, whilst watching on as renters face the same employment and economic issues yet facing having our families kicked out onto the streets every 6 months.

    We must act!!

    Nick


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