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)
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4 thoughts on “Stop worrying – we’ll save you ( and pay for your bonuses too)

  • The only sector that is thriving is the one that caused the crisis.

    Funny that.

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  • shipbuilder says:

    Very succinctly put, devo.

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  • novice pete says:

    those rolls of wallpaper just ai’nt big enough, better order some really massive rugs too. And some colossal brooms!

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  • 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.

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