Tuesday, Feb 26, 2008
A big change in the financial industry's laissez-faire attitude
IHT.com: After subprime debacle, U.S. wrestles with question of bank bailouts
US - Over
UK - Doomed
Ireland - Finished
Spain - Buried
Australia - Down and Out
Posted by lvmreader @ 08:24 PM (616 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. japanese uncle said...
To be honest, all of the industrialized economies and not so industrialized but large economies such as China, are infested by more or less vicious housing/credit bubbles, save Germany and Japan. That will be the paradigm for the next ten years.
2. lvmreader said...
@Japanese Uncle,
Yup, you are right. As the securitization tide goes out, we can find where the remainder of the "subprime" bodies will lie.
3. Stevie Dee said...
there's just been an earthquake.. how bizarre about 10 mins ago
4. alan said...
The finance industry has banked the bonuses, now it's time for the taxpayers to bail out the borrowers.
...Can't see any problems there....? Uh!
5. Andy M said...
You have to be a real "prudence" genious to sell off your gold holdings at the bottom of the market and buy a busted bank , Northern Rock,at the top of the market.
Since when did a Doctorate in the history of the Labour Party make one an overnight economics expert?
Stand up Gordon Brown and take the acclaim for having presided over a boom to bust. You can't move the goalposts any further for your elasticated economic cycle to balance borrowing against income.
A recession is about to burst upon us. Your chancellorship is about to bre exposed as disasterous