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BBC: Mortgages of 100% 'were foolish'

Started by riky, February 22, 2009, 06:02:00 PM

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riky

February 22, 2009, 06:02:00 PM
Mortgages of 100% 'were foolish'

Banking minister Lord Myners said banks had been "foolish" to offer 100% mortgages, after Gordon Brown urged "careful" lending.

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