Northern Rock
Alistair Darling, who is part of the treasury allowed for a bail out of Northern Rock Bank in order to protect their customers. You will find that even with this bail out there were still several issues within the bank. The future of Northern Rock Bank is still uncertain with the economy in the US heading towards a recession. (more…)
The UK has been seeing a great economy for the last decade. There was no inflation, unemployment was at a low, and the overall economy was on a steady path towards prosperity; however, all of that has changed in the recent months with the US credit crisis. It seems that the UK is gearing up for a troubled future and has already seen a few issues with the US economy spreading into their areas. (more…)
First of all in a recession there are going to be a lot more people struggling to make ends meet. You can take advantage of these struggles if you have good credit and a little time to spare. All of the families that have had their properties auctioned or foreclosed on need a place to live. (more…)