Two Questions Asked About the Credit Crunch

A pupil of mine asked two questions about the Credit Crunch. She didn't ask me - I am too busy with you lot at EF!

She asked Economics Help

I thought the answers given were particularly good and therefore I am using this posting to praise Tejvan Richard Pettinger. Please visit his site and look around - there is much there that is of interest.

You might also like to look at the two questions - could you have answered them?

The questions are shown below:

The government puts a lot of money into banks who over-lent funds. So why are the banks still lending out money for mortgages?


The problem has been the number of defaulters. But for Building Societies there is less than 0.001% of 1% defaulters (Saturday’s Guardian) - where ARE all these houses being repossessed?

Think about the answers given...


  1. Can u plz explain me about my mountain climbing post???I don't understand...Is it not logical... Can u leave the comments in my blog please...thank you Mr.Chris

  2. Mr.Chris, podcast...Do we need to talk about 1 idea or we can talk about anything we want???Thank you

  3. Lex


    The important thing is to learn the SKILL

    what you talk about is not so important....

  4. I finished it Mr.Chris...Kekekek....the problem is...I don't know how to post it....HUHUHUHU


Approach to teaching

Methods there are many, principles but few, methods often change, principles never do