Results 1 to 1 of 1

Thread: More bad debts for the banks

  1. 29th March 2009, 05:31 PM #1
    Digout
    Digout is offline
    Politics.ie Member Digout's Avatar
    Join Date
    Oct 2008
    Location
    at the bar, where the sock puppets are
    Posts
    13,675

    More bad debts for the banks

    Dublin based investment firm First Equity has gone to the tubes. Typically, most investors would put up 20% cash and borrow the remaining 80% for the projects First Equity were seeking investment for. The article listed below states 400 investors will get burnt, the knock on effect for the banks will be pretty serious.

    Sunday Business Post | Irish Business News

    and

    http://www.sbpost.ie/post/pages/p/st...639-qqqx=1.asp
    Last edited by Digout; 29th March 2009 at 05:38 PM.
    Reply With Quote Reply With Quote

Similar Threads

  1. The Government Nationalised the Developer's debts
    By anewbeginning in forum Economy
    Replies: 3
    Last Post: 2nd June 2009, 10:17 PM
  2. Why are the government getting involved in Anglo's debts?
    By anewbeginning in forum Economy
    Replies: 12
    Last Post: 30th May 2009, 02:16 PM
  3. AIB downgrades its EPS due to property debts
    By Digout in forum Economy
    Replies: 3
    Last Post: 5th November 2008, 11:30 PM
  4. Forgive all debts
    By rhonda15 in forum Economy
    Replies: 40
    Last Post: 13th October 2008, 11:55 AM
  5. Irish Banks and their Bad Debts
    By Lennon in forum Economy
    Replies: 2
    Last Post: 24th September 2008, 02:14 PM