Sunday, Jul 26, 2009
Stop worrying - we'll save you ( and pay for your bonuses too)
The Times: Banks set for losses as clock ticks on £300bn commercial property loans
Banks could be heading for a second wave of big losses as financial institutions begin to tackle the crippling legacy of £300 billion in lending to the UK commercial property sector.
Posted by devo @ 11:01 PM (964 views) Add Comment
4 Comments
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1. devo said...
The only sector that is thriving is the one that caused the crisis.
Funny that.
2. shipbuilder said...
Very succinctly put, devo.
3. novice pete said...
those rolls of wallpaper just ai'nt big enough, better order some really massive rugs too. And some colossal brooms!
4. symo said...
Wait for the excuses for the bailout:
Global Problem
Could not have forseen
Prudence.
Still not going to reform the Basel laws though are they.