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Results tagged “mortgages” from Birmingham Post - Lifestyle Blog

I don't like weeks like these - weeks when investment banks have to be rescued by Governments, stocks are in free fall and pensioners queue outside their former building societies to ask if their savings are safe.

I don't like it because I just don't get it. It is, apparently, the end of global capitalism as we know it. (Is this such a bad thing?) It is, we are told, a financial black hole into which all our mortgages, pensions and savings will be sucked.

It is cataclysmic. It will affect us all. And yet I can't even get to first base in understanding it.

I understand mortgages, or at least I thought I did. That was before I knew there were people who packaged them up and sold the debt on to somebody else.

Lifestyle authors

Richard McComb

Richard McComb - Restaurant critic and columnist for The Birmingham Post
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Fiona Handscomb

Fiona Handscomb - Freelance arts/cultural writer and editor of What's On Stage/Midlands
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Jon Bounds

Jon Bounds - Digital consultant and creator of Birmingham: It's Not Shit
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Selina Jervis

Selina Jervis - Student and creator of fashion blog, "Flying Saucer"
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Pete Ashton

Pete Ashton - Pro-Blogger and creator of the “Created in Birmingham�? blog
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Nikki Aaron

Nikki Aaron - English language teacher uncovering life in Beijing
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brumcast

Brumcast Lite - A taste of the best of Birmingham's music scene by Brumcast creator Little Chris
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Sarah Gee

Sarah Gee - Young professional and founder of Indigo PR
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Jo Ind

Jo Ind - Features writer and columnist for The Birmingham Post
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Andrew Cowen

Andrew Cowen - Features writer and columnist for The Birmingham Post
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Simon Hadley

Simon Hadley - The Birmingham Post's picture editor
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Sid Langley

Sid Langley - Freelance writer and cultural commentator
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Michael Mclean

Michael Mclean - Cinema manager at Birmingham Odeon
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Pint Sized

Pint Sized - Searching the best ale in the West Midlands
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