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Non-Tech : Cityscape Financial (CTYS)
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To: Ploni who wrote (1329)10/23/1997 6:36:00 AM
From: Ploni  Read Replies (1) of 2544
 
From the Motley Fool on AOL, Evening News, 10/22/97:

The company has been hounded by the Blair government in that country, as apparently the Labor government doesn't realize that no one will lend to higher risk mortgage borrower unless fees are high enough to compensate for those who default. Those borrowers will have to find loan sharks from now on, because it doesn't seem as though lending has been profitable in the U.K. for Cityscape since new regulations were put into effect in July.
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