European Tribune - Comments - Financial Pornography

Financial Pornography - a Lady Chatterley Moment? | 16 comments (16 topical, editorial, 0 hidden)

Re: Financial Pornography - a Lady Chatterley Mome (none / 0)

what are the shareholders complaining about?
Possibly they take the view that one of a Central Bank's key roles is to act a "lender of last resort"?

But if they lend to you as a last resort you have to expect "punitive rates", right?

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Mon May 12th, 2008 at 06:17:33 AM EST
[ Parent ]

Re: Financial Pornography - a Lady Chatterley Mome (none / 0)

Apparently.

I have never understood why piling on punitive rates and charges makes distressed borrowers more likely to repay.....

by ChrisCook (cojockathotmaildotcom) on Mon May 12th, 2008 at 06:39:47 AM EST
[ Parent ]

Re: Financial Pornography - a Lady Chatterley Mome (none / 0)

Buyouts not bailouts, I say.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Mon May 12th, 2008 at 06:41:29 AM EST
[ Parent ]

Financial Pornography - a Lady Chatterley Moment? | 16 comments (16 topical, 0 editorial, 0 hidden)

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