Comments on: HRE: defusing the German financial time bomb http://www.creditwritedowns.com/2009/04/hre-defusing-the-german-financial-time-bomb.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/04/hre-defusing-the-german-financial-time-bomb.html#comment-56327 Edward Harrison Fri, 01 May 2009 18:31:00 +0000 http://www.creditwritedowns.com/?p=8249#comment-56327 You know, every country seems to have its problem child: Citi in the U.S., Fortis in the Benelux, Natixis in France and so on. These institutions were the most aggressive and took on the most risk prior to the bursting bubble. It was not a systemic problem in Germany or anywhere else. It was a case of imprudence. Why Flowers did not see this is beyond me. But, even TPG put up billions for WaMu only to see it disintegrate weeks later You know, every country seems to have its problem child: Citi in the U.S., Fortis in the Benelux, Natixis in France and so on. These institutions were the most aggressive and took on the most risk prior to the bursting bubble. It was not a systemic problem in Germany or anywhere else. It was a case of imprudence.

Why Flowers did not see this is beyond me. But, even TPG put up billions for WaMu only to see it disintegrate weeks later

]]> By: Thomas http://www.creditwritedowns.com/2009/04/hre-defusing-the-german-financial-time-bomb.html#comment-56311 Thomas Thu, 30 Apr 2009 18:31:00 +0000 http://www.creditwritedowns.com/?p=8249#comment-56311 Quote Edward: "In reality, HRE was a ticking time bomb " Isn't it funny that Chris Flowers considered HRE to be a good investment as recently as June 2008, and valued HRE at more than 5 bn € back then... Kind of makes you wonder what he was thinking back then. Quote Edward: “In reality, HRE was a ticking time bomb ”

Isn’t it funny that Chris Flowers considered HRE to be a good investment as recently as June 2008, and valued HRE at more than 5 bn € back then… Kind of makes you wonder what he was thinking back then.

]]>