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’The ultimate in Jingle Mail
Jingle Mail : A situation where a homeowner mails his or her house keys to a mortgage lender due to an inability to meet mortgage payment obligations and a lack of equity in the property. If a homeowner is upside-down in a mortgage and feels the entire loan is a lost cause,
Joy meets God in the Church of England’s search for yield
After what it must have deemed a decent interval since triggering a furore over its attack on traders and bankers as “robbers and assassins” last year, the Church of England is shamelessly seeking more yield.
Church accused over short selling
The Church of England faced accusations of hypocrisy on Thursday over its leaders’ attack on short selling and debt trading after hedge funds pointed out it uses some of the same practices when investing its own assets.
What would Jesus short?
Or perhaps more appropriately: Money lenders in the temple?
From PA:
CHURCH OF ENGLAND ACCUSED OF SHORT-SELLING TACTICS
By Paula Fentiman, PA
The Church of England was accused by a think-tank today of using short-selling tactics to maximise profit on its £5 billion investments.
God, spivs and specs
Of course someone had to bring God into this at some point. And how. Britain’s archbishops are condemning spivs and speculators for “worshipping the false god of money” and urging a further crackdown on financial markets,