Friday, Apr 16, 2010
Crazy financial products are imploding
Money Week: The crisis is not over
This reminds me of BCCI and the Icebank thing in the UK. This time its France. Germany too and the US. I bet the UK is in there somewhere...
Posted by chrisch @ 11:26 AM (926 views) Add Comment
6 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. uncle tom said...
Casino banking strikes again..
..but who, I wonder, is on the other side of these contracts? Who is left out of pocket when towns like St Etienne refuse to pay, and can they bear the loss?
The French banks escaped largely unscathed in the first round of the recession, I wonder if dodgy contracts with local government is about to torpedo their balance sheets..?
2. mark said...
France is the next greece, this time nearer home...
3. mark said...
if the second volcano goes off in iceland expect some serious issues in economy, invest in dustmask and oxygen companies
4. nubbers said...
So French politicians buy dodgy financial products so that they could borrow and sort out their balance sheet for a short while, and then their successors would have to pick up the pieces.
Now what does this remind me of in the UK...
5. mark said...
nubbers more like "who" does this remind me of in the UK.
I do wonder what effect the lack of flights will have on economy, some of our food is airfreighted in, post, UPS, fedex, tourism, possible future tourism will be wary of being stuck in uk so wont bother to come, the list goes on and on, fuel suppliers to airlines, airlines themselves, airport car parks, wow some effect if it goes on
6. This comment has been removed as it was found to be in breach of our Blog Policies.