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« Wonderful Drinking Den | Main | Poles are too mean to pay for public health »

January 11, 2008

It couldn’t happen here

We have America to thank for what must be or should be or maybe already is a popular new adjective: subprime. Northern Rock crumbled but Poland is safe because as any neophyte knows the market never falls. A brief survey of the advertising of bank loans here:
1. We will not check your credit rating.
2. We will lend you money even if you earn 600 zloties (average pay in Poland: allegedly 3,000 zloties).
3. Your ability to pay is not an issue.

Posted by hgrodsk at January 11, 2008 04:02 PM

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Comments

from the subprime to the ridiculous

Posted by: jk at January 15, 2008 10:30 PM

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