Developing Affordable Housing Ecosystems World Wide
By:David A. Smith [Previous Months in Review available here: Feb 13, Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12] During March, the Department of Justice sued Standard & Poor’s, an action that was five billion dollars’ worth of overdue, and included legislation with [...]
[Continued from yesterday's Part 1.] By:David A. Smith Yesterday’s post on the sudden illumination of the rottenness of Cyprus revealed that not only is the recapitalization already 31% over budget in a week (€23 billion new estimate divided by original €17.5 billion), requiring another €5.5 billion with the EU’s demigods have decided must [...]
By:David A. Smith Now that the Eurozone’s leaders have bought a box-o’-problems labeled CYPRUS, what have they bought, what is it worth, and how will the bill be paid? What’s in Pandora’s Bank? Nobody knows, and now we begin the process of finding out. Two weeks ago, the European troika took [...]
By:David A. Smith Time for you to reform too, padre Too soon old, too late smart – is that how it runs? Or was it a case of being smart but helpless, feeling under pressure to pay huge bonuses in cash based on non-cash estimates of earnings? Before the crisis, Wall [...]
[Continued from yesterday's Part 4 and the preceding Part 1, Part 2, and Part 3.] By:David A. Smith Previous posts in this week-long series have established that Cyprus was treated not as a nation, not even as a subsovereign state, but rather as a failed financial institution that needed to be forcibly recapitalized. We’ve [...]
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