Stephen Johns

Ending our fist time buyer virginity seemed quite an achievement in the late eighties when my girlfriend and I decided to buy our first home. We got an endowment as buy to let mortgages weren’t available then but little did we know that disaster and the end of our relationship would follow so soon after what seemed like the beginning of our adult life together.

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Just about all the pundits have been wrong. I’ve been following some of them even way before I started stock trading and options. None of them called this.

A very few did say that they thought that the sub prime lending would have consequences, but they did not forecast in what manner. They mostly said that it would affect a few banks, but never did they say the entire system would melt down.

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