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Veritas.
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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 #643013briansd1
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 #642432briansd1
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 #643149briansd1
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 #643470briansd1
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 10:20 AM #643028Anonymous
GuestClearly this was caused by Fannie and Freddie.
December 20, 2010 at 10:20 AM #643164Anonymous
GuestClearly this was caused by Fannie and Freddie.
December 20, 2010 at 10:20 AM #643485Anonymous
GuestClearly this was caused by Fannie and Freddie.
December 20, 2010 at 10:20 AM #642447Anonymous
GuestClearly this was caused by Fannie and Freddie.
December 20, 2010 at 10:20 AM #642376Anonymous
GuestClearly 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 #642512urbanrealtor
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 #643229urbanrealtor
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 #642441urbanrealtor
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.
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