Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
The banks are pretty well capitalised now, and have refused calls for extra dividends. I think they can take quite a lot of punishment, especially Handelsbanken. Also do remember that you can't just leave the loan and turn the keys over to the bank. The debt will stay with you for at least ten years, during which the bank has a right to take all your income beyond the minimum wage.

What I worry about is all the subprime, stuff like no amortisation loans, or 100+ year amortisation. This is madwe even worse due to the insanity that 30 % of all interest payments (but not amortisations) are tax deductible.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Sun Feb 13th, 2011 at 11:40:52 AM EST
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