Comments on: EU: Banks ask for a bailout for poor lending in Eastern Europe http://www.creditwritedowns.com/2009/01/eu-banks-ask-for-a-bailout-for-poor-lending-in-eastern-europe.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: yyz100 http://www.creditwritedowns.com/2009/01/eu-banks-ask-for-a-bailout-for-poor-lending-in-eastern-europe.html#comment-3986 yyz100 Wed, 18 Feb 2009 18:06:26 +0000 http://www.creditwritedowns.com/?p=4924#comment-3986 Let each country first bail out its own banks. But, on the other hand,wouldn't this be one of the benefits of belonging to the EU? Also, the E.C.B. needs to take action now instead of at regularly scheduled monthly meetings. Rapid changes, require rapid action. The ECB is just bureacratic, slow-acting, arrogant, conceited (word used by Hugh Hendry) , old-boys-club types. At the least, they should be reducing rates 100bps and taking action when needed (instead of at regular monthly meetings and where it seems they circulate their intended cuts to everyone beforehand in order to make a decision ... make some decisions for yourselves and be leaders not followers). Let each country first bail out its own banks. But, on the other hand,wouldn’t this be one of the benefits of belonging to the EU?

Also, the E.C.B. needs to take action now instead of at regularly scheduled monthly meetings. Rapid changes, require rapid action.

The ECB is just bureacratic, slow-acting, arrogant, conceited (word used by Hugh Hendry) , old-boys-club types. At the least, they should be reducing rates 100bps and taking action when needed (instead of at regular monthly meetings and where it seems they circulate their intended cuts to everyone beforehand in order to make a decision … make some decisions for yourselves and be leaders not followers).

]]> By: Chuck Pinnell http://www.creditwritedowns.com/2009/01/eu-banks-ask-for-a-bailout-for-poor-lending-in-eastern-europe.html#comment-3893 Chuck Pinnell Sun, 15 Feb 2009 09:47:00 +0000 http://www.creditwritedowns.com/?p=4924#comment-3893 Bail outs, every Country in world expects tax payers to provide them bail out money because they first mishandles their own operations. What make no sense is why anyone thinks going broke for bad decisions is not fair and right. If the average homeowner and wage earner or small business owner mishandles his affairs, is there any bail out coming for him, of course not. If you are in that category, my advice is get prepared for the worst depression ever and don't wait long, it is already upon us. Bail outs, every Country in world expects tax payers to provide them bail out money because they first mishandles their own operations. What make no sense is why anyone thinks going broke for bad decisions is not fair and right.

If the average homeowner and wage earner or small business owner mishandles his affairs, is there any bail out coming for him, of course not.

If you are in that category, my advice is get prepared for the worst depression ever and don’t wait long, it is already upon us.

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