Sunday, July 26, 2009
Stop worrying – we’ll save you ( and pay for your bonuses too)
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 (1387 views)
4 thoughts on “Stop worrying – we’ll save you ( and pay for your bonuses too)”
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devo says:
The only sector that is thriving is the one that caused the crisis.
Funny that.
shipbuilder says:
Very succinctly put, devo.
novice pete says:
those rolls of wallpaper just ai’nt big enough, better order some really massive rugs too. And some colossal brooms!
symo says:
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.