Poland and Polish Discussion Group and Forum

Welcome to the original English language Poland and Polish discussion group board. This message forum is a place where English-speaking Poles, foreigners (expats) living in Poland, and anyone with a genuine interest in Poland can discuss and read the views of others concerning Poland. Subjects include: Polish news and current affairs; Life in Poland; politics; genealogy research; Polish culture and history; advice and tips on visiting Poland; Polish property and investment issues. The aim of our group is to increase awareness of wonderful Poland using the English language and allow and foster the honest debate and exchange of opinions on anything vaguely related to Poland and Polish - positive, negative and/or neutral! To state the obvious: all opinions and views expressed on this site are solely those of their respective authors and are not necessarily those of anyone else! Messages consisting of ads will be deleted.

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Poland and Polish Discussion Group and Forum
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Re: Poles Still Need Visas to Go to The U.S.

Btw, GREAT MAJORITY of people who are losing their homes bought homes they could not afford. Hence the consequence. Those who worked hard and bought what they could pay for are doing just fine.

Same thing happened in the US during the last S&L crisis in the late eighties (this was when Donald Trump went 1 billion in debt. And look at him now)

This is nothing new…normal business cycles.
Exacerbated this time around by low interest rates.

Wait 5 years, watch what happens

Re: Poles Still Need Visas to Go to The U.S.

The S&L crisis of the 80s had no effect in Europe because the European banking sector was properly regulated at that time.

Somehow the politicians knew then that bank CEOs were clever enough to rob their own banks blind for their own short-term gain and had to be watched carefully.

The UK is in a particularly bad position at present because Gordon Brown has racked up $300 billion in off-balance sheet public debt through public-private partnerships (building schools/roads etc at over-inflated prices) and the EU is forcing him to put those liabilities on the books. Perversely, the financial crisis will help him get off the hook by cloaking his profligate incompetence.

Re: Poles Still Need Visas to Go to The U.S.

Wait 5 years, watch what happens

hmmm, yeah, 5years is a long time.

Its interesting to note that all of a sudden we have experts who can explain what has occurred with great confidence....perhaps they may have been more vocal before the crisis occurred.

I think 5 years is a understatement, I think it will be longer (could be wrong) (keep in mind Japan has still not recovered)

Lets get back to the original topic hey.