Sub Prime lending is the reason I will be able to afford a house sooner than Id hoped.

So in this respect, being selfish, it is good.

It is also good for the company I work for, as its all dealing with Sharedealing, ISAs ... investments in general...When the subprime market in the US collapsed, and as a knock on the banks here decided to up LIBOR and hoard all their money (leading to the loan from the BoE to Northern Rock) we had over 500 a day registering on our site, most of which I would imagine were only here to get in when Northern Rock fell to eff all.