Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Oh, we're talking about loans to businesses, not to individuals?

Or have Irish banks been giving mortgages to "limited liability" wrappers around individuals?

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma

by Migeru (migeru at eurotrib dot com) on Thu Sep 17th, 2009 at 05:32:27 AM EST
[ Parent ]
This is all about a very few "developers" owing Billions.  We haven't even started on the private homeowners defaulting on mortgages bit...  They will be screwed by the banks which is why the government doesn't want to own the banks because then the government will be directly doing the screwing...

Didn't you know that financiers have "discovered" that most people are actually honest and want to pay their debts even at enormous sacrifice to themselves.

This is why it is always the little man who gets screwed...

notes from no w here

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Sep 17th, 2009 at 05:37:14 AM EST
[ Parent ]
See LQD: The Poor are Honest by ChrisCook on February 12th, 2009.

En un viejo país ineficiente, algo así como España entre dos guerras civiles, poseer una casa y poca hacienda y memoria ninguna. -- Gil de Biedma
by Migeru (migeru at eurotrib dot com) on Thu Sep 17th, 2009 at 05:39:43 AM EST
[ Parent ]
Thanks - I knew I'd read it somewhere but am terrible on remembering sources - we will have to appoint you ET librarian and links keeper

notes from no w here
by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Thu Sep 17th, 2009 at 06:00:52 AM EST
[ Parent ]
It's mostly about some really insane speculative lending, especially for unzoned landbanks and residential developments that may never be worth anything.
by Colman (colman at eurotrib.com) on Thu Sep 17th, 2009 at 05:44:51 AM EST
[ Parent ]

Display:

Top Diaries

Recent Diaries

Reversing Brexit?

by Frank Schnittger - Jun 25
13 comments

Should I vote for Brexit?

by tyronen - Jun 22
35 comments

The Killing of Jo Cox

by Frank Schnittger - Jun 17
34 comments

Long tunnels

by DoDo - Jun 12
30 comments

Developments in Austria

by generic - Jun 8
1 comment

The arsonist party

by fjallstrom - Jun 8
1 comment

The tragedy of Hillary

by DoDo - Jun 6
47 comments

What 9/11 liberals ignore

by DoDo - Jun 5
68 comments

France on Strike

by John Redmond - May 30
37 comments

Böhmermann

by DoDo - May 29
11 comments

A Tale of Two States

by Frank Schnittger - May 26
20 comments

More Diaries...

Occasional Series