Home › Forums › Financial Markets/Economics › ghost towns of spain
- This topic has 55 replies, 9 voices, and was last updated 13 years, 4 months ago by
Veritas.
-
AuthorPosts
-
December 18, 2010 at 1:29 PM #18307December 20, 2010 at 10:05 AM #642361
briansd1
GuestThanks for posting.
That’s what happens when the banks are unregulated.
The European Central Bank and bailout the Spanish government which will bail out the Spanish banks.
The Spanish people will pay for their banks excesses for decades.
December 20, 2010 at 10:05 AM #643013GuestThanks for posting.
That’s what happens when the banks are unregulated.
The European Central Bank and bailout the Spanish government which will bail out the Spanish banks.
The Spanish people will pay for their banks excesses for decades.
December 20, 2010 at 10:05 AM #642432GuestThanks for posting.
That’s what happens when the banks are unregulated.
The European Central Bank and bailout the Spanish government which will bail out the Spanish banks.
The Spanish people will pay for their banks excesses for decades.
December 20, 2010 at 10:05 AM #643149GuestThanks for posting.
That’s what happens when the banks are unregulated.
The European Central Bank and bailout the Spanish government which will bail out the Spanish banks.
The Spanish people will pay for their banks excesses for decades.
December 20, 2010 at 10:05 AM #643470GuestThanks for posting.
That’s what happens when the banks are unregulated.
The European Central Bank and bailout the Spanish government which will bail out the Spanish banks.
The Spanish people will pay for their banks excesses for decades.
December 20, 2010 at 10:20 AM #643028Anonymous
GuestClearly this was caused by Fannie and Freddie.
December 20, 2010 at 10:20 AM #643164GuestClearly this was caused by Fannie and Freddie.
December 20, 2010 at 10:20 AM #643485GuestClearly this was caused by Fannie and Freddie.
December 20, 2010 at 10:20 AM #642447GuestClearly this was caused by Fannie and Freddie.
December 20, 2010 at 10:20 AM #642376GuestClearly this was caused by Fannie and Freddie.
December 20, 2010 at 12:03 PM #643550urbanrealtor
Participant3 things jump out at me here.
1: Same as all Eurozone states, the nature of the Euro is that it turns all debt into external (foreign denominated) debt.
In other words, you can borrow it but you can’t print it. External debt (at much higher levels) was a major cause of the Icelandic situation.2: The poor regulation of European consumer banks in general (and Spain in particular) mean that this kind of silliness will continue.
3: A really sensible solution (which EU and US are blissfully immune from) like declaring all residential trust deeds non-recourse remains elusive while all of these silly pieces (and special business interests) are in play.
December 20, 2010 at 12:03 PM #642512Participant3 things jump out at me here.
1: Same as all Eurozone states, the nature of the Euro is that it turns all debt into external (foreign denominated) debt.
In other words, you can borrow it but you can’t print it. External debt (at much higher levels) was a major cause of the Icelandic situation.2: The poor regulation of European consumer banks in general (and Spain in particular) mean that this kind of silliness will continue.
3: A really sensible solution (which EU and US are blissfully immune from) like declaring all residential trust deeds non-recourse remains elusive while all of these silly pieces (and special business interests) are in play.
December 20, 2010 at 12:03 PM #643229Participant3 things jump out at me here.
1: Same as all Eurozone states, the nature of the Euro is that it turns all debt into external (foreign denominated) debt.
In other words, you can borrow it but you can’t print it. External debt (at much higher levels) was a major cause of the Icelandic situation.2: The poor regulation of European consumer banks in general (and Spain in particular) mean that this kind of silliness will continue.
3: A really sensible solution (which EU and US are blissfully immune from) like declaring all residential trust deeds non-recourse remains elusive while all of these silly pieces (and special business interests) are in play.
December 20, 2010 at 12:03 PM #642441Participant3 things jump out at me here.
1: Same as all Eurozone states, the nature of the Euro is that it turns all debt into external (foreign denominated) debt.
In other words, you can borrow it but you can’t print it. External debt (at much higher levels) was a major cause of the Icelandic situation.2: The poor regulation of European consumer banks in general (and Spain in particular) mean that this kind of silliness will continue.
3: A really sensible solution (which EU and US are blissfully immune from) like declaring all residential trust deeds non-recourse remains elusive while all of these silly pieces (and special business interests) are in play.
-
AuthorPosts
- You must be logged in to reply to this topic.