http://www.timesonline.co.uk/tol/money/property_and_mortgages/article5281403.ece
Sounds good until you read the fine line. The suspended interest is added onto the loan. He's gonna make sure the banks get theirs, one way or another. while we're supposed to look the other way while they change the rules to keep their butts floating above water on our dime.
And the craziest part of it is, is that they expect us to just accept it as the only solution that they can come up with.
It's time to get real.
The posh life style of the way they were can't be sustained.
It is feasibly impossible.
You can't just simply keep inflating he cost of everything and not the strength of a man's wage.
Man was not placed upon this earth to live a life of indenture, like some share cropper that got to keep just 10% of his harvest because he was working somebody else's land.
How much interest are we paying these people to do nothing.
They don't have the money to loan you any more than the federal government does.
It's all derived from future credits,
Gordon's plan actually gives the bank a little extra reward for being so patient.
Just think how much a little padding to the principle will gain on the interest income over the life of the loan.
Your a hell of a guy Gordon
I always thought you we're a weasel and now I know you are!
Now that's transparency man!
Homeowners who are struggling to make their monthly mortgage repayments will be given the option of a two-year interest repayment holiday under plans announced by Gordon Brown this afternoon.
The prososals, which will come into force in the new year, could help hundreds of thousands of homeowners who are expected to fall into arrears over the coming months in the face of rising unemployment and a deepening recession.
The Prime Minister told MPs that the scheme is designed to support households that have seen an unexpected drop in income, for example because of a reduction in working hours or redundancy, allowing them to defer mortgage interest payments for up to two years. The interest will be added to the remaining mortgage.
