Credit Writedowns » Hypo Real Estate http://www.creditwritedowns.com Finance, Economics and Markets Wed, 23 May 2012 16:15:53 +0000 en hourly 1 News from around the web: 2009-11-05 http://www.creditwritedowns.com/2009/11/news-from-around-the-web-2009-11-05.html http://www.creditwritedowns.com/2009/11/news-from-around-the-web-2009-11-05.html#comments Thu, 05 Nov 2009 12:51:17 +0000 Edward Harrison http://www.creditwritedowns.com/2009/11/news-from-around-the-web-2009-11-05.html Be sure to see William Shatner’s poetic reading of Levi Johnston’s tweets below. Pretty funny. Buffett Revisits Hunting Ground for Survivors: Alice Schroeder – Bloomberg.com "Buffett isn’t as bullish as he sounds." Clever fools: Why a high IQ doesn’t mean you’re smart – New Scientist I have always said George W. Bush is NOT dumb.

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Related Posts ]]> http://www.creditwritedowns.com/2009/11/news-from-around-the-web-2009-11-05.html/feed/ 2 News from around the web: 2009-10-08 http://www.creditwritedowns.com/2009/10/news-from-around-the-web-2009-10-08.html http://www.creditwritedowns.com/2009/10/news-from-around-the-web-2009-10-08.html#comments Thu, 08 Oct 2009 04:00:00 +0000 Edward Harrison http://www.creditwritedowns.com/2009/10/news-from-around-the-web-2009-10-08.html Hypo Needs an Extra $10.2 Billion to Survive – WSJ.com "German real-estate financier Hypo Real Estate Holding AG needs an additional €7 billion ($10.2 billion) in capital from the German government to stay afloat and won’t return to profitability until 2012 at the earliest, Chief Executive Axel Wieandt said at a shareholder meeting." When Old

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Related Posts No related posts. ]]> http://www.creditwritedowns.com/2009/10/news-from-around-the-web-2009-10-08.html/feed/ 0 News from around the web: 2009-09-14 http://www.creditwritedowns.com/2009/09/news-from-around-the-web-2009-09-14.html http://www.creditwritedowns.com/2009/09/news-from-around-the-web-2009-09-14.html#comments Mon, 14 Sep 2009 12:00:00 +0000 Edward Harrison http://www.creditwritedowns.com/2009/09/news-from-around-the-web-2009-09-14.html ‘False dawn’ in UK housing market "It’s tempting to call the turn in the mortgage market at this point, and there is certainly concrete evidence that lending for house purchase is increasing," said the CML’s economist Paul Samter. "But there are still constraints affecting the lending industry’s capacity to fund increased lending, as well as

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Related Posts No related posts. ]]> http://www.creditwritedowns.com/2009/09/news-from-around-the-web-2009-09-14.html/feed/ 0 Weakest employment market since the Great Depression http://www.creditwritedowns.com/2009/09/weakest-employment-market-since-the-great-depression.html http://www.creditwritedowns.com/2009/09/weakest-employment-market-since-the-great-depression.html#comments Thu, 03 Sep 2009 15:30:00 +0000 Edward Harrison http://www.creditwritedowns.com/2009/09/weakest-employment-market-since-the-great-depression.html Recently Allan Meltzer, a former Vice Chairman of the Federal Reserve, wrote a widely noted and provocative article in the Wall Street Journal called “What Happened to the ‘Depression?’” He called for an end to deficit-inducing stimulus because the cries of Depression from noted mainstream economists has been proven false.  His thesis is that these

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Related Posts ]]> http://www.creditwritedowns.com/2009/09/weakest-employment-market-since-the-great-depression.html/feed/ 11 Spain: Bleak forecast puts unemployment at 22% in 2010 http://www.creditwritedowns.com/2009/07/spain-bleak-forecast-puts-unemployment-at-22-in-2010.html http://www.creditwritedowns.com/2009/07/spain-bleak-forecast-puts-unemployment-at-22-in-2010.html#comments Fri, 24 Jul 2009 13:30:13 +0000 Edward Harrison http://www.creditwritedowns.com/2009/07/spain-bleak-forecast-puts-unemployment-at-22-in-2010.html Citigroup has just released a forecast which is very troublingregarding employment and growth in the Spanish economy.  With unemployment already having hit 17.9%, Citigroup expects layoffs to increase this to 22% in 2010.  Below is my translation of the Spanish-language article in Finanzas. The stabilization that the Spanish labour market seems to have shown, with

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Related Posts ]]> http://www.creditwritedowns.com/2009/07/spain-bleak-forecast-puts-unemployment-at-22-in-2010.html/feed/ 0 Hypo Real Estate need for 10 billion also reveals huge problems in Spain http://www.creditwritedowns.com/2009/07/hypo-real-estate-need-for-10-billion-also-reveals-huge-problems-in-spain.html http://www.creditwritedowns.com/2009/07/hypo-real-estate-need-for-10-billion-also-reveals-huge-problems-in-spain.html#comments Mon, 20 Jul 2009 01:58:43 +0000 Edward Harrison http://www.creditwritedowns.com/2009/07/hypo-real-estate-need-for-10-billion-also-reveals-huge-problems-in-spain.html Every country has a problem child or two in the financial services sector. America has Citigroup and Bank of America. Britain has RBS and HBOS/Lloyds.  And Germany has Hypo Real Estate.  I have been chronicling problems at the real estate lender on this blog for some time now and last posted on HRE in April

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Related Posts ]]> http://www.creditwritedowns.com/2009/07/hypo-real-estate-need-for-10-billion-also-reveals-huge-problems-in-spain.html/feed/ 2 Links: 2009-06-24 http://www.creditwritedowns.com/2009/06/links-2009-06-24.html http://www.creditwritedowns.com/2009/06/links-2009-06-24.html#comments Wed, 24 Jun 2009 13:33:58 +0000 Edward Harrison http://www.creditwritedowns.com/2009/06/links-2009-06-24.html I have bee off for a couple of days but plan on returned to full force later today.  Here are the links from the past few days minus tech and blog-related items.  If I have a lot more links, I will post them this evening. El Banco de Espana exige que se liquiden los bancos

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Related Posts No related posts. ]]> http://www.creditwritedowns.com/2009/06/links-2009-06-24.html/feed/ 0 The Germans get tough with the state banks http://www.creditwritedowns.com/2009/05/the-germans-get-tough-with-the-state-banks.html http://www.creditwritedowns.com/2009/05/the-germans-get-tough-with-the-state-banks.html#comments Mon, 04 May 2009 04:19:38 +0000 Edward Harrison http://www.creditwritedowns.com/?p=8396 Last week I wrote a post suggesting that the Germans were getting tired of bailing out their banks and had moved to more draconian solutions to ‘fix’ the banking sector. Nationalizing Hypo Real Estate this week will be the first move in that direction. But the Germans are not nearly finished in their effort to

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Related Posts ]]> http://www.creditwritedowns.com/2009/05/the-germans-get-tough-with-the-state-banks.html/feed/ 2 HRE: defusing the German financial time bomb http://www.creditwritedowns.com/2009/04/hre-defusing-the-german-financial-time-bomb.html http://www.creditwritedowns.com/2009/04/hre-defusing-the-german-financial-time-bomb.html#comments Thu, 30 Apr 2009 13:00:21 +0000 Edward Harrison http://www.creditwritedowns.com/?p=8249 The first bank nationalization in German history is about to take place. At issue is Hypo Real Estate (HRE), a troubled Munich-based company that lends to commercial property developers and to build offices, hotels, roads, airports, you name it. This issue has been building for nearly 7 months. Back in late September, just after Lehman

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Related Posts ]]> http://www.creditwritedowns.com/2009/04/hre-defusing-the-german-financial-time-bomb.html/feed/ 2 German banks loaded with 816 billion in toxic paper http://www.creditwritedowns.com/2009/04/german-banks-loaded-with-816-billion-in-toxic-paper.html http://www.creditwritedowns.com/2009/04/german-banks-loaded-with-816-billion-in-toxic-paper.html#comments Mon, 27 Apr 2009 03:36:16 +0000 Edward Harrison http://www.creditwritedowns.com/?p=8119 On Friday, the German daily Süddeutsche Zeitung (SZ) leaked a bombshell - a confidential report by Bafin, the Federal Financial Supervisory Authority, found that German banks were sitting on over 800 billion euros in toxic assets. Just three months ago, the reports coming out suggested the problem was only half as large, 400 billion euros

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