That's some sub prime write down.
"'ere boss can you sign this one off?"
"what is it?"
"mortgage on the world!"
Well thats two words which don't seem to look right together.
It seems that the great developers have had a little cash flow problem and would like to delay paying back some of their loans.
Its tough at the top eh.
http://www.telegraph.co.uk/finance/f...is-rescue.html
It seems that maybe the palm tree development was maybe a coconut too far.
That's some sub prime write down.
"'ere boss can you sign this one off?"
"what is it?"
"mortgage on the world!"
The place is built with slave labour anyway, bulldoze it into the sea. Certainly wouldn't go there myself.
Last edited by tonkatojo; 30-Nov-09 at 18:00.
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