Posted
11:07 AM
by Gene
Blimey! England has Babbitts waving mortgages too!"We are in a different world compared to previous housing downturns," said Shipside. "It is a world of international banking interdependencies, and a world in which the robustness of the U.K. housing market has never been tested."TRANSLATION: When we financial types want to start a potential global depression we're the masters at concocting excuses.