Year Twenty Begins
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FEEDThe longer I live, the shorter life gets. It’s a truism, I suppose, and
one of many which occur to humans as the years roll by. See, I started
Slope as...
2011-11-22
Amazing subprime ad from Hungary (2007)
ZeroHedge posted this video as part of a story about Austria's credit rating. Austria lent heavily to Eastern Europe (the bank in the ad above is Austrian), just as they did in the 1920s. It was the failure of Austrian bank Kreditanstalt in 1931 that touched off the second leg of the Great Depression.
Labels:
Austria,
bad debt,
Hungary,
Socionomics
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