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Jenksma

Listed below are comments made by Jenksma between Tuesday, 2nd September 2008 and Monday, 19th January 2009.

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Collapse of confidence in banks 2:36pm on 19 Jan 2009 Robert

You must remember Sir Humphrey's first rule of government..

Don't believe ANYTHING - until it has been officially denied!

The taxpayers might have insured RBS's debts, but we cannot insure the value-losses on their assets...
That is what will drive this situation..
How close to capitulation? 4:06pm on 06 Oct 2008 If the leaders of the EU are talking in unison, one quote comes to mind..

"Don't believe anything, until is has been officially denied.."

(Sir Humphrey).
Housing hazards 3:18pm on 02 Sep 2008 As part of the same anouncement, I read that approx 200 million is on the table for the local authorities to 'take a share' in houses, of people who can then avoid foreclosure.

If we assume that £40,000 is an amount that is big enough to make a difference to someone 'struggling' with a mortgage amount (ie pay down a lump sum to reduce the monthly payments), then that allows just 5000 families to benefit.

I would imagine that many people are struggling in any one town alone..

also - this assumes that it is the increase in mortgage payments that has pushed the householders over the cliff. wheras it is just as likely to be the energy bills, food bills etc. They won't reduce!

also - the bail-out will require a legal change to the ownership deeds, (joint owners) - so the legal fees will have to be found from that pot.

This is a complete non-runner!

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