Tuesday, October 16, 2007

Speculator burned hard

Solicitor's practice is shut after assets are frozen

and he didnt even pay interest on some of the deposits for his 105 propertiesCause 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 (649 views)
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One thought on “Speculator burned hard

  • 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.

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