A fully privatized mortgage market will fundamentally change mortgage credit. The US is the only mortgage market in the world with a fixed rate for 30 years. It only works because most mortgages have no credit risk. Once you remove the govt guarantee you then have both credit risk and interest rate risk. Investors facing …
Drivers tell of chaos at UK’s privately run PPE stockpile Another outsourcing disaster. Due diligence was conducted? Really? https://www.theguardian.com/world/2020/may/14/coronavirus-uk-privately-run-ppe-stockpile-chaos-movianto?CMP=Share_AndroidApp_WordPress
84% of care home beds in England owned by private firms https://www.theguardian.com/society/2019/sep/19/84-of-care-home-beds-in-england-owned-by-private-firms?CMP=Share_AndroidApp_WordPress
The Guardian view on private jails: flaws in the system https://www.theguardian.com/commentisfree/2019/may/13/the-guardian-view-on-private-jails-flaws-in-the-system?CMP=Share_AndroidApp_WordPress
Watchdog slams Grayling’s ‘costly’ probation changes What a surprise that Grayling has also made a hash of the Transportation Ministry. https://www.theguardian.com/society/2019/mar/01/watchdog-slams-extremely-costly-probation-changes?CMP=Share_AndroidApp_WordPress