The global financial crisis in three easy steps and why the Greek solution won’t work!

This is what is happening in three easy steps. Gamble number 1: Banks (European) invested in bonds sold by individual countries to finance these countries in effect loaning those countries money expecting it to be paid back with profit. Gamble number 2: They insured those bonds with other banks (American) in case the countries could […]

Another finance company to close

Email a Friend | Printable View | Have Your Say Related Links • The wait is on for $240m • Subscribe to Archivestuff • Have your say Advertisement <NOSCRIPT><A href=”×600/POS=STORYMIDDLECOLUMN/acc_random=76311408772/pageid=76311408772/site=s/”><IMG SRC=”;abr=!ie4;abr=!ie5;sz=160×600;ord=76311408772?” BORDER=0 WIDTH=160 HEIGHT=600 ALT=”Click Here”></A></NOSCRIPT> Advertisement Dorchester Pacific looks set be reduced to a listed shell company with about $15 million of capital after […]