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 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 [...]
[Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.] By:David A. Smith By now it’s clear that Cyprus has lost its sovereignty, accepted the certainty of a severe depression, and destroyed its economic prospects for a decade. The official lenders may see the second deal as a good [...]
[Continued from yesterday's Part 2 and the preceding Part 1.] By:David A. Smith In the past two days, we’ve seen what happened with the troika’s takeover of Cyprus’s two largest banks and how that happened. As the Cypriot economy is dominated by the banking sector, that completes a takeover of Cyprus in everything [...]
[Continued from yesterday's Part 1.] By:David A. Smith Yesterday’s post described what happened to Cyprus, as seen through the lenses of bank financiers and bank regulators, whom as we saw yesterday were the rulers dictating terms. Just sign here, Your Excellency Sources used for this post For this post, I [...]
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