Quote:
Originally Posted by slowcoach
The number of small businesses which have put up the shutters round here in the last few weeks is quite staggering, looks like the cheap loans have come home to roost.  |
The private equity situation is far greater money of course but it does reflect a wider situation like you say.
The current situation reminds me of the so called dot com boom where banks got carried along on a wave and were throwing money around like confetti even though no one (especially the banks) had any business plans for what was an unknown market.
I think in this case the banks got greedy thinking they were on a winner till they found no one wanted to share the risk with them any more.
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