Showing posts with label base rate. Show all posts
Showing posts with label base rate. Show all posts

Saturday, October 12, 2013

Savings Banks' Head Georg Fahrenschon Says Something About Low Interest Rates

Don't like the headline? Well, i don't like Mr. Fahrenschon's supposed insight. He was a CSU politician and Bavarian finance finance minister during 2007-2011; and therefore possibly one of the responsible parties in the BayernLB and the related Hypo Group Alpe Adria disaster, which has cost billions both for Bavaria and the savings banks he is now leading.