In what could be the most sensible reaction by bankers in quite some time, Sweden is writing down debt held by individuals in Latvia.
This move by the Swedes occurs, not so surprisingly, after the revelation that Latvian bankers were acting as soul brokers.
Swedbank, which is entirely made up of tall, stunningly attractive blondes that only purchase inexpensive, self-assembled furniture, stated that approximately 10% of the loans held by Latvian individuals would be written down, leaving many Latvian souls at risk of repossession by
the Princes of Darkness Latvian Bankers.
Swedish Banks Prepare Latvian Debt Write-Down [DealBook/NYT]