Plateforme Level Extreme
Abonnement
Profil corporatif
Produits & Services
Support
Légal
English
DOW poised to break 8000
Message
De
14/11/2008 13:53:26
Dragan Nedeljkovich (En ligne)
Now officially retired
Zrenjanin, Serbia
 
 
À
14/11/2008 09:34:59
Information générale
Forum:
Finances
Catégorie:
Marchés boursiers
Divers
Thread ID:
01361726
Message ID:
01361979
Vues:
12
>>>>Iceland's families own those banks, and have signed the command to the bankers to go into so many risky loans? Tsk, tsk... so how many generations will all Icelanders have to work to pay this off?
>>>
>>>No, Iceland's families don't own these banks, it's more the other way around. Since most of the families have morgages in these banks, they would have to refinace their mortgages in a hurry. And with today's financial problems, and the reduced values of their homes, that would be close to impossible.
>>
>>Now let me get this straight... if you owe money to a bank in good standing, you are screwed unless you can pay. If you owe money to a screwup bank, you are screwed unless you can pay what you owe plus whatever the new owners imagine is your share?
>>
>>Seems like the legal system money can buy.
>
>I am no lawyer, but as long as the bank holds the papers which shows who owns your house (is is called a deed?), you have a problem when the bank collapes.

Well if most of the Iceland is mortgaged unpaid houses, and there's too many of them suddenly on the market - reposessed, to be sold to the highest bidder so the claimants can redeem some value from them - they can't be sold. I can assume that there aren't any buyers full of money on Iceland; if there were, they wouldn't be taking mortgages so en masse, right? So, their houses are pretty much worthless. They can buy them off for pittance ;).

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
Précédent
Répondre
Fil
Voir

Click here to load this message in the networking platform