Thursday, Nov 08, 2007
Why UK Houspricecrash is inevitable
FT: Banks writedowns aren’t big enough
The whole insane credit game has a tsunami approaching. Big banks have admitted to $28bn losses from subprime so far. This article produces estimates from various places that the total figure is more likely to be $200bn when this is done and dusted. UK Banks will suffer some of this. When they turn off the taps of money how many billions of GBP will it be when our UK house of cards crashes next?
Posted by happyrenterz @ 01:13 PM (240 views) Add Comment
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