Recent Posts

Archive

Tags

Understanding The Big Issue

The three films Margin Call, Inside Job and The Big Short describe perfectly the scenarios around the 2008 Collapse.

Mortgage backed securities not being of true value.

Inside Job trailor:

http://www.imdb.com/title/tt1645089/

What happens if 80% of the UK mortgages have been cleared by the banks through incorrectly short cutting the process of securitisation and omitting to correctly update Land Registry legal charges and pay HMRC taxes:

https://www.gov.uk/stamp-duty-land-tax

You pay the tax when you:

  • buy a freehold property

  • buy a new or existing leasehold

  • buy a property through a shared ownership scheme

  • are transferred land or property in exchange for payment, eg you take on a mortgage or buy a share in a house

http://www.nber.org/papers/w11728

Has Financial Development Made the World Riskier?