I don't know, I don't know

He's wrong to criticise the Rock's lending policy. That wasn't really their problem: they do have some aggressive loans, but their default rate is absolutely not their issue (unlike the US sub-prime boys) It was their borrowing policy which was the problem - they just assumed that instant credit would go on being available to refinance their lending book.

Posted By: Old Git, Feb 19, 10:01:36