THE CREDIT CRUNCH: What the "duck" ? how many times we heard this "shell" of a word in the last 10/8 months ? Too many ... but I never heard of a true and genuine confession.

Personally I think there are three reasons:

1) banks
2) contractors
3) politicians

N. 1 gave money to everybody to buy the houses, 80% of which now are going to be repossessed.

N. 2 build every inch of land possible to sell everything they could to those who borrowed the money

N. 3 allowed this as it was very profitable weather for the tax office or (in the worse cases ... I happen to live in Italy) their personal pockets.

Now it is tragic to see that N. 2 will buy (in most cases) the houses at the auctions, N. 1 will get most of the money back and N. 3 will benefit (again) from the judiciary taxes on the repossession procedures.

How funny .... guess who will keep loosing money ?

Luckily we can still do music ..... let's do it crunchy, shall we ? and stick it up their bums

Just a few words after a repossession trial this morning, where I suddenly realized that ....

CHEERS