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.
mercredi 7 janvier 2009
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1 commentaire:
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?
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