Dont you just just love our ConDem government? David Cameron announced that first time buyers will be able to buy with 5% deposit the home of their dreams because the government will act on our behalf as a grantor for toxic assets… Lofty lovely home affordable at last, everyone’s dream come true, the Conservatives can be kind and sensitive to the people’s needs… Right?
OH WAIT!!!!! So, tax payers will be now responsible (meaning we)!!! LOVELY, its like PEPPER SPRAYING us with your toxic waste from the Banks. No wonder the UK banks LOVE the idea! So we just moved the responsibility of that sector into our own pockets, think about it… What will the banks do will all their toxic assets? Just pepper spray them into the citizens pockets and future… Perfect solution!
Wait, there’s more, Cameron is going to inject 400 Million pounds to property developers (meaning friends of the establishment wining nice contracts) developing housing on what is considered by the market as UNECONOMICAL! Uh, isn’t that market manipulation? Its NOT a free market system, its monopoly cooperate oligarchy that is taking shape. Result: another short term bubble (like in Ireland) that will burst and need a bail out in a few years. Feel good now, pay triple later! But listen to the softy fluffy words of the government you would have it believe your dream is just a step closer, but the nightmare would be just around the corner is the small print. Is this what we elected to do to ourselves?