ghost towns of spain

[patb]

fascinating. Will the Fed bail out the Spanish banks?

[briansd1]

Thanks 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.

[briansd1]

Thanks 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.

[briansd1]

Thanks 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.

[briansd1]

Thanks 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.

[briansd1]

Thanks 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.

[Anonymous]

Clearly this was caused by Fannie and Freddie.

[Anonymous]

Clearly this was caused by Fannie and Freddie.

[Anonymous]

Clearly this was caused by Fannie and Freddie.

[Anonymous]

Clearly this was caused by Fannie and Freddie.

[Anonymous]

Clearly this was caused by Fannie and Freddie.

[urbanrealtor]

3 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.

[urbanrealtor]

3 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.

[urbanrealtor]

3 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.

[urbanrealtor]

3 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.

[Author]

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