Category: Lending

Spain’s Lech Walesa? Part 4, Europolitical jujitsu

27 February, 2014 (09:00) | Bad banks, Banking, Economics, Eurozone, Foreclosure, Global news, Housing, Lending, Spain, Speculation | No comments

  By:David A. Smith   [Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   Three years in to its ECB-ordered austerity plan, Spain’s economy appears no better off, and its property markets are frozen in confrontational irresolution because it is impossible for a debtor to escape his debts, even if the […]

Spain’s Lech Walesa? Part 3, Political suicide

26 February, 2014 (09:02) | Bad banks, Banking, Economics, Eurozone, Foreclosure, Global news, Housing, Lending, Spain, Speculation | No comments

By:David A. Smith   [Continued from yesterday's Part 2 and the preceding Part 1.]   As we saw yesterday and in the preceding Part 1, the Eurozone’s prescribed fiscal stabilization plan, loosely dubbed austerity, is not having the desired effect of enabling the Spanish economy to recover; unemployment is over 25% and the housing market remains […]

Spain’s Lech Walesa? Part 2, Earnable amnesty

25 February, 2014 (11:36) | Bad banks, Banking, Economics, Eurozone, Foreclosure, Global news, Housing, Lending, Spain, Speculation | No comments

 By:David A. Smith   [Continued from yesterday's Part 1.]   Yesterday’s post, using as seed an update article from BBC News (February 18, 2014), revisited Spain, more particularly Barcelona and the intriguing Ada Colau, who is the personifying voice that a nascent populist movement, currently called the Platform for People Affected by Mortgages,  needed to […]

Spain’s Lech Walesa? Part 1, The cost of demotivation

24 February, 2014 (13:42) | Bad banks, Banking, Economics, Eurozone, Foreclosure, Global news, Housing, Lending, Spain, Speculation | No comments

   By:David A. Smith   When does discontent tip into populist uprising?  And what form does that uprising take?   In Zimbabwe, evil Robert Mugabe has hung on to his kleptocratic power far longer than I thought possible, the more so as he spends most of his time now in Singapore being treated for mysterious […]

The price of charity: Part 5, “never foreclosed on any loan”

3 May, 2013 (09:00) | Cambridge, Chapter 93A, consumer protection, Development, fiduciary duty, Homeownership, Just-A-Start, Law, Lending, Litigation, Non-Profits, Renovation |

[Continued from yesterday's Part 4 and the preceding Part 1, Part 2, and Part 3.]   By:David A. Smith   Sources for this story include the Cambridge Chronicle (January 11, 2013) and Cambridge Chronicle (January 18, 2013) (brown font), Cambridge Day (December 28, 2012) (green font), and a Letter to the Editor published in the […]