Gordon Brown moves further down the slippery slope towards a very different view on the value of money, and the personal motivations that underpin the economics of all civilized non-state managed economies and countries.
Homeowners granted mortgage holiday | ft.com
Gordon Brown is to grant homeowners in financial difficulty the right to demand a two-year mortgage holiday, guaranteed by taxpayers, in a dramatic bid to underpin the housing market.
The scheme would offer protection to households that are falling behind on mortgage payments when one earner losses their job, falls ill, or suffers a big fall in income.
Relevance to Bankwatch:
While well intentioned, the implications of this kind of thing lend themselves to all kinds of misuse, and errant outcomes that were not expected. Some potential implications of this move:
– impact on house prices
– impact on banks and their willingness to lend
– impact on borrowers taking advantage
It strikes me that this type of thing is better managed within the bankruptcy / credit mediation world.
Bankwatch 
So the required annual family income to settle into my village (there’s no real rental here) hitting over $150,000 dollars years ago, (causing people I know to “emigrate” away from the South East) wasn’t a social problem. But over-extended (prob. rather affluent) and unlucky people get a subsidy… *sigh*
Could I suggest that those of us likely to live long enough to actually have to pay down all this borrowing, get a veto on this sort of thing?
In the meantime, I think I need to get working on that Delaware company registration! š
@thomas – indeed. I see Barcamp on your site – what programming frameworks do you prefer?
Depends on the task *shrug*
Drupal (runs on LAMP) for community and content driven sites. ASP .Net 3.5 + NHibernate + Spring looks like being great for “serious” stuff. (M$ have really really improved themselves with C# since version 1.) Ruby on Rails is massively overrated, but Django is actually pretty good.