US banks facing $1.4tn crisis over commercial property loans

guess we'll be needing to bail out american businesses too...

http://www.guardian.co.uk/business/2010/feb/11/banks-crisis-commercial-property-loans

A lot of those loans are coming due in the next three years.

hi

so all those conspiracy theorists that were predicting this economic collapse as a result of the last eight years of "pardi gra" were right... imagine that....

robert wrote:

so all those conspiracy theorists that were predicting this economic collapse as a result of the last eight years of "pardi gra" were right... imagine that....

Yeah, it's Bush's fault. Just like the earthquake in Haiti, the snowstorms in DC and the Colts losing the Super Bowl. It had nothing at all to do with the fact that the economy was doing fine until Dingy Harry, Nancy P. Lousy and the rest of their ilk took over Congress in 2007. I'm not saying that Bush wasn't complicent in it because the administration failed to stop the spending, but there's plenty of blame to go around. And don't forget that it's been over a year now since your hero took over the White House and it's gotten much worse in that time.

The Other One wrote:

It had nothing at all to do with the fact that the economy was doing fine until Dingy Harry, Nancy P. Lousy and the rest of their ilk took over Congress in 2007. I'm not saying that Bush wasn't complicent in it because the administration failed to stop the spending, but there's plenty of blame to go around. And don't forget that it's been over a year now since your hero took over the White House and it's gotten much worse in that time.

I agree with these three point, but weren't these loosened rules that allowed the banks to fund questionable loans part of the Clinton legacy?

Justoo wrote:

The Other One wrote:

It had nothing at all to do with the fact that the economy was doing fine until Dingy Harry, Nancy P. Lousy and the rest of their ilk took over Congress in 2007. I'm not saying that Bush wasn't complicent in it because the administration failed to stop the spending, but there's plenty of blame to go around. And don't forget that it's been over a year now since your hero took over the White House and it's gotten much worse in that time.

I agree with these three point, but weren't these loosened rules that allowed the banks to fund questionable loans part of the Clinton legacy?

Yeah, kind of, but the big problems have more to do with Barney Frank than with Clinton.

Justoo wrote:

The Other One wrote:

It had nothing at all to do with the fact that the economy was doing fine until Dingy Harry, Nancy P. Lousy and the rest of their ilk took over Congress in 2007. I'm not saying that Bush wasn't complicent in it because the administration failed to stop the spending, but there's plenty of blame to go around. And don't forget that it's been over a year now since your hero took over the White House and it's gotten much worse in that time.

I agree with these three point, but weren't these loosened rules that allowed the banks to fund questionable loans part of the Clinton legacy?

i wonder that too... or was it Gingrichs "contract on america"?

or maybe it's unscrupulous bankers who can't seem to help themselves when it comes to making money... shouldn't need to be laws against these practices. people should feel a natural revulsion towards ripping off their neighbors. apparently they do not.

https://67601.forummotion.com/general-discussion-f1/the-least-trusted-banks-in-america-t3427.htm#49769