Archive for the ‘Bankruptcy’ Category
Bankruptcy System
In the event, than anyone expected but we knew that one day would happen, that people could not afford the payments, the banks do not recover their capital because no one can acquire the goods they auctioned, companies that depend on the real estate sector pummeled him and in turn these other sectors drag chain.
The bursting of the housing bubble caused by the massive over-investment and confidence in the sector and speculation both sellers and buyers when-fattened borrow to finance other expenses apart from the housing-as well as the lack of ethics approved appraisers that abusive market values even knowing that exceeded its true value, only to meet objectives of the institutions or self-enrichment will have consequences of incalculable proportions.
For now, have caused a chain reaction of business failures and, therefore, the dismissal of employees resulting in more unemployment and collapse of the country’s economy, which will cost several years and much effort to recover.