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Posted on December 15, 2008
Financial Tsunami Bad For The Healthy Ones
Im scared – really danm scared. As I wrote some weeks ago – the banks dont call their bad dept (keep your head up). This weekend I saw the worst possible thing: A GOOD and HEALTHY real eastate company (400mioEUR was injected and 600mioEUR lent) – was forced into bankrupsy bacause one of the smaller loans was called from a suffering bank – this will mean that we are ONLY SEING THE TIP ICE THE FINANCIAL TSUNAMI.
Have a great day – and think about something positive / PLEASE!!
