Tuesday, Oct 16, 2007
Speculator burned hard
Irish Times: Solicitor's practice is shut after assets are frozen
and he didnt even pay interest on some of the deposits for his 105 properties
Cause he "borrowed" the money from his clients. Looks like the 5.5m country pad may have to be sold. Awwwwwww
Posted by eugene @ 04:46 PM (332 views) Add Comment
1 Comment
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1. deepak said...
This is a man who I call subprime. Unlike the definition in UK where it is just bad credit rating.
This man would have had a good credit rating. No doubt because he got approval for all these mortgages.
But real sub prime is when you can't keep up your payments and open to repocession at a drop of a hat.