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foreign investment: Costa Rica: A Good Place to Hide Out? - 03/07/09 04:07 PM

Nearly six months ago, from Costa Rica, I posted "Bush and Congress Agree on Bailout Blunder?" The more things change, the more they stay the same.
If you read the footnotes to banks´balance sheets, banks are getting decimated by write downs of assets caused by mark-to-market accounting. They then go to TARP to replace some of the "lost" equity, go to Congress to get publicly whipped by folks who should know better, but don´t, and go to the market to raise new capital, when they can, at extraordinary cost to their existing shareholders. And we wonder why banks don´t lend. … (0 comments)

 

Robert Irvin

Igloolik, YN

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Green Seal Realty

Address: 4 km south of Huacas, 4 km north of Villa Real, Tamarindo, Costa Rica

Office Phone: (2) 653-6331

Cell Phone: (8) 886-9616

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Random thoughts on life and work in Guanacaste and the Central Valley of Costa Rica. How to build a project quickly, seamlessly and efficiently (not!).


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