sepheronx wrote:Too bad for them. I bank in CAD since I live in Canada. I never bothered to grab loans in USD or Euro. So the CAD dropped in value heavily and I still owe same amount on my house.
But it seems Russian gov is gonna bail them out anyway. I guess they have a softer heart than most in the west. Hope people do not try to take advantage of this.
Just some recent economic data
Anyone selling loans in foreign currency to regular individuals should be shoot.
It's was great fad in Eastern Europe.
There are maybe a million people that have taken some, be they in € in Switz Francs or in USD and all are essentially destitute and/or on personal bankruptcy/gov assistance of some kind today.