Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
Where we have been and where we are going | 73 comments (73 topical, editorial, 0 hidden)
Re: Where we have been and where we are going (none / 0)
That and the fact that the bankers helped inflate a property bubble.

If you borrow € 1 mil to buy a house that is really only worth € 0.5 mil, pay off € 0.2 mil out of your ordinary income before going underwater when the price resets to a more realistic value, then you've lost € 0.2 mil relative to the scenario where the housing market didn't suffer from a bubble. Plus the expense of bankruptcy and the inconvenience of foreclosure...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue Apr 20th, 2010 at 06:25:31 AM EST
[ Parent ]

Others have rated this comment as follows:

Where we have been and where we are going | 73 comments (73 topical, 0 editorial, 0 hidden)
Display:

Top Diaries

A Peacemaker Remembered

by Oui - Aug 3
1 comment

What the Right (Which Admits Climate Change Is Real) Believes

by gmoke - Jul 20
5 comments

The Set Up?

by Frank Schnittger - Jul 24
6 comments

Mafia Bust Out on a National Scale

by gmoke - Jul 26
1 comment

Poor Spectator Sports

by Frank Schnittger - Jul 23
16 comments

Fascism: Goldwater + Gingrich = Trump

by Oui - Jul 23
11 comments

Dutch PM Rutte an Advocate of Thatcherism

by Oui - Jul 19
27 comments

France Municipal Elections: The Aftermath - Part 1

by Bernard - Jul 15
1 comment

Recent Diaries

How Trump Will Be Remembered

by Oui - Aug 4
2 comments

A Peacemaker Remembered

by Oui - Aug 3
1 comment

Under Joe Biden the Same Old ME Policy

by Oui - Aug 1
25 comments

A Dictator: Trump Calls to Delay 2020 Election

by Oui - Jul 30
12 comments

Trump's GDP Makes Record Plunge

by Oui - Jul 30
2 comments

Mafia Bust Out on a National Scale

by gmoke - Jul 26
1 comment

Fascist Propaganda: Symbolism of Frankenstein

by Oui - Jul 25
35 comments

The Set Up?

by Frank Schnittger - Jul 24
6 comments

Fascism: Goldwater + Gingrich = Trump

by Oui - Jul 23
11 comments

Poor Spectator Sports

by Frank Schnittger - Jul 23
16 comments

What the Right (Which Admits Climate Change Is Real) Believes

by gmoke - Jul 20
5 comments

Dutch PM Rutte an Advocate of Thatcherism

by Oui - Jul 19
27 comments

The new demographics

by Frank Schnittger - Jul 18
4 comments

Mayday! Mayday! White Helmets Money Fraud

by Oui - Jul 17

Bari Weiss Exits The NY Times

by Oui - Jul 16
11 comments

France Municipal Elections: The Aftermath - Part 1

by Bernard - Jul 15
1 comment

Epilogue Chris Steele

by Oui - Jul 12
7 comments

GOP Dream Candidate Flunking

by Oui - Jul 11
49 comments

Winning Diplomacy

by Frank Schnittger - Jul 10
22 comments

City Agriculture - July 8, 2020

by gmoke - Jul 8

More Diaries...

Occasional Series