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. These facts do not bode well for homes holding their value, and this problem combined with the fact that British financial institutions have been encouraging consumers to purchase homes using adjustable-rate mortgages is likely to accelerate and exacerbate the financial crisis making it at least as severe in Britain as it is anywhere else in the world (Capell, 2007).

According to an article written by Peter Gumbel published in Time, the bank

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