Keep holding out, China, the PCAOB don't need to check your stinkin' work anyway: Washington, […]
Tag: Sweden
Review Comments | 07.17.09
• Swedbank Losses Show Deeper Troubles in Baltic – Souls as collateral in Latvia. Enough said. [DealBook]
• Citibank, BofA Results May Not Point To Recovery – Duh. [NPR]
• Fox Biz: Jorge Posada’s Wife Talks Healthcare Reform – Much more interesting perspective than say, anyone in DC [Clusterstock]
Sweden, Probably Not Too Keen on Human Souls as Collateral, to Write Down Latvian Debt
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]