mercredi 7 janvier 2009

Freeze or Squeeze


Creditorium compressium, even in Latin it doesn't sound any less painful. An audio visual presentation on the Credit Crunch and why the banks won't lend us money any more.

1 commentaire:

Henri a dit…

Well that made things quite clear. I have to admit that the fuels impact on the whole supreme mortage has been a little unclear for me,until now.

The insight about future aspects of banking especially paying back to us "tax payers" arrose quite a few negative aspects for the future. I mean the phrase "banking system must change" really gets a lot of new meaning. I just wonder as banks are reluctant to borrow us money, won´t this come back to them also? I mean they know they will have to pay "us" back, but aren´t they at the same time hurting their own possibilities of paying that debt?