The problem is Western European banks have already lent an enormous amount of money to people in Eastern Europe (either citizens or western investors speculating) that are not and will never pay them back. You know how easy it was to get credit in most of Eastern Europe from about 2002/3 until around 2007/8? Have you been to Estonia, Latvia, Lithuania, Poland, Hungary, etc, etc...? You are right that the lax lending standards in Eastern Europe are not exactly the same as those in America... They are worse
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Originally Posted by CarlosTheGaucho
That's what I'm talking about, and I mean now the relation between the bank and its regular / ass fucked client that has to get administratively tortured to death anytime he needs to borrow a dime.
And this is not connected with any artificial crisis, this is the way it is eversince here.
You ONLY get money if:
a) it's a small amount and you get seriously ass fucked
b) you have something solid / with a value as a warranty
So this way they turn virtual assets into real assets - ingenious isn't it?
The spending / credit balance culture is just not here and the banks know it better than anyone else.
Ok I'm tired now, gonna watch some porn and go to sleep, let's continue tomorrow and make this weekend memorable.
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