A couple mundane business stories get odd when compared side by side. What can you make of these two:
Major banks are making inroads into the riskier consumer financing market to provide loans to those who have difficulty in getting loans due to credit problems, drawing mixed reactions from consumers and analysts. - Korea Times, April 4, 2008
Korean banks see the biggest risk in four years that loans will turn bad as consumers and businesses face soaring costs and higher interest rates amid a worldwide financial-market crisis. - Joongang Ilbo, April 8, 2008
So you have banks with large bad lone exposure taking on more risky debt. Makes me nervous.
Need a smile, consider the comments you can get out of this headline:
Jeju Women Most Active Economically - Korea Times, April 7, 2008
9 Comments
I find the first article a little surprising considering how many Korean headlines have 서브프라임 in them.
The word is “loan”.
Wow, lending money to people with a really awful credit history, that’s ’sparkling’ alright! Reminds me of the stories about CC companies issuing cards to homeless people!
*sigh*
Humans once again prove they are, in fact, decidedly human…
*sigh*
totally random but what do ko san and memphis have in common? so close to victory, yet, somehow manage to choke.
That’s because there are rooms in Jeju with dozens of girls lined with groups of Japanese business men picking their favourite for some private time alone.
OK, I’ll bite. It’s the Korean indentured sex slave
system gearing up for more female recruits.
Indebt em, bed em, then send them to whoredom.
Korea Inc.
So where are you from Mike?
Talk about “mixed signals”, consider this article from today’s NY Times about how Bush’s administration has allowed a great many companies to work out deferred prosecution deals, which in turn more likely than not, lead to the sort of sub-prime debacle that has taken hold in the U.S.: