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?

and

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...



5 comments:

  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

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

    ReplyDelete
  3. Lex

    Podcast

    The important thing is to learn the SKILL

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

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

    ReplyDelete

Approach to teaching

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