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Financial Crisis
Greece Considering Legal Action Against U.S. Banks for CrisisTimothy R. Homan Bloomberg.com 05/16/2010 | |
 Greece is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis, Prime Minister George Papandreou said. |  At an event hosted by The Economist magazine on Wednesday, George Soros warned investors that the methods used to resolve the 2008 financial crisis are no different than the methods that helped cause the crisis to begin with. |
Wall Street executives admit mistakes before financial crisisJim Puzzanghera Los Angeles Times 01/13/2010 | It's one law for bankers, and another for all of usAlan Ruddock Independent 11/01/2009 |
 The heads of major Wall Street firms admitted mistakes in leading up to the financial crisis today but didn't take direct blame as they testified at the first public hearing of a government panel investigating the causes of the meltdown. |  The Coalition has chosen to make Nama a morality-free zone where bad behaviour goes entirely unpunished, writes Alan Ruddock |
Commercial Mortgage Backers Face $1.6 Billion Liquidation LossChris Bourke Bloomberg News 10/21/2009 | Bank Mortage Lending Increases 4NI 10/14/2009 |
 Oct. 22 (Bloomberg) -- Investors in the first U.K. commercial mortgage bonds to be liquidated since the financial crisis began may lose as much as 1 billion pounds ($1.6 billion) after values of properties backing the two deals collapsed. |  HSBC Bank has said that its mortgage lending in Northern Ireland has almost trebled in the past three months, with loans to first-time buyers increasing four-fold since the start of the year. |
Property Investors help people achieve their home ownership goals. I-Newswire 10/04/2009 | CB Richard Ellis: Opportunities exist in Vietnam hotel market despite downturn Property Report 09/30/2009 |
 (I-Newswire) October 4, 2009 - Amidst the current financial crises, the pressure placed upon homeowners is greater than ever before. While the Government has started rolling out schemes to help homeowners in varying degrees of difficulty, those people unfortunate enough to be in negative equity are currently excluded from any aid schemes. In a city like Northampton that excludes 17% of homeowners from getting support. For some of those homeowners it may not be such a bad thing, some of them being perfectly content to live out their situation. However, it also means that the people who want help are unable to get it, while at the same time financial institutions such as Banks and Mortgage Lenders are receiving countless reprieves from the Government and Taxpayer when in all likelihood it was these same institutions that drove the Country into the current Economic climate. |  The hotel market in Vietnam has faced considerable pressure since the onset of the global financial crisis, with declining occupancy levels and average daily rates forcing revenue per available room and profitability levels down, according to international property consultants CB Richard Ellis (CBRE). |
Property loans fall back in UK and dearth of choice could take years to improveRAY CLANCY UK PROPERTY NEWS 09/22/2009 | Irish 'bad bank' threatens UK property mkt-lawyersThomson Reuters 07/27/2009 |
 Property lending has fallen back in the UK and there are now 70% fewer products on the market with buy to let investors finding it hard to secure finance, according to experts. |  LONDON, July 27 (Reuters) - UK property investors who took advantage of a recent lending boom by Irish banks may face a fight to avoid repossession of their assets if their mortgages are transferred to Ireland's 'bad bank', lawyers have warned. |
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