Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - The ongoing financial turmoil and financial discussion thread

Bob · 10-10-2008, 10:51 AM

Oh boy, another bleak day capping off a terrible week.

I heard a report from Russia saying their banks are going to unilaterally rewrite mortgage conditions to force people to pay off their debt sooner, if they can't do so voluntarily, so as to avoid the fallout when the Moscow real-estate market crashes.

Edit: Here it is: http://www.cnbc.com/id/27114009/site/14081545

10-10-2008, 10:51 AM	#271
Bob Franchise Player Join Date: Jan 2007 Exp:	Oh boy, another bleak day capping off a terrible week. I heard a report from Russia saying their banks are going to unilaterally rewrite mortgage conditions to force people to pay off their debt sooner, if they can't do so voluntarily, so as to avoid the fallout when the Moscow real-estate market crashes. Edit: Here it is: http://www.cnbc.com/id/27114009/site/14081545 Last edited by Bob; 10-10-2008 at 10:54 AM.