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Old 22.01.2019, 18:32
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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I saw a queue of well over 100 people snaking down the street from the door of Northern Rock. The exposure to the US subprime mortgage crisis had reached the UK.
Northern Rock got into financial difficulty as they had lent 125% of purchase price / valuation, to people who had self certified their earnings, UK sub prime, not US sub prime mortgages
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