Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
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
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