Wednesday, Aug 08, 2007
Another Example of the Current Credit Squeeze
Times: News Article
Looks like the problem is actually getting worse. This time in respect of a 23bn dollar deal which looks like one of the largest yet. The Times puts it mildly and euphamistically as effectively another 'chill wind' blowing through the credit markets....
Posted by orwell @ 09:19 AM (128 views) Add Comment
2 Comments
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1. japanese uncle said...
I would have to reconsider my patronage with Telewest (now Virgin Media) if it should be bought by this particular prospect, which is said to have exploited hugely from the illegal aggression in Iraq. So this is not a bad news.
2. Also Sold To Rent said...
I suppose most people here have already thought about this, but how will the private equity bust affect London house prices? Alot of the London rises have been driven top down with the Billionaire Boys Club forcing the upper end of the market sky high. This then knocks the rich locals down to the next level, forcing up prices there, and so on down the like.
What happens when Canary Wharf goes back to being a ghost town like back in the early 90's now that the party's over? Perhaps prices will bomb from the top down as the billionaires go bust or bog off elsewhere? Just a thought.