Really Vince?

Vince Cable, the Liberal Democrat Treasury spokesman, said: “The Bradford and Bingley boil must be lanced now. The Bush administration has already had to nationalise mortgage lending and it looks as though a similar prospect is staring us in the face.”

I\’ve not noticed that the US has nationalised mortgage lending.

I have noted that they\’ve nationalised two semi-state actors, two intermediaries in the mortgage market. But we, fortunately, never went down the route of having such state backed intermediaries, so we\’ve not had to do the same,.

One comment on “Really Vince?

  1. “they’ve nationalised two semi-state actors”

    hm well I wonder if he’s not referring instead to Susan Sarandon and Tim Robbins, who have persisted in a semi-state for the past several years now and could well be improved by a does of nationalisation?

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