I saw the link on your facebook page and decided to click on it to see what’
s it all about. I read some of your stories and they seems to be really interesting!

In my opninion, there are basically two different views on the current crisis from a student-perspective. On the hand, and let’s start with a negative viewpoint, it will be very difficult for us to find a job in the financial industry. Although I know they will recruit more for specific divisions like risk for example, the general recruitment demand is low. The more positive side is seen from a learning perspective. It is the best time to study finance related courses as the world is talking about finance 24/7! Relations between study and reality are made within a couple of secs!

I think we need to get used to this as students. The current problems can, in broad lines, be related to mortgage problems and its effect on the interbank lending rates. I think there is more to come. I’ve raised the question about the “less-risky” Alt-a mortgages before, and yesterday ING announced the first massive write-downs on that portfolio. Furthermore, in times where the economy is not doing well, people tend to spend more on credit. With the holiday season only a couple a weeks from here, I think the amount of credit outstanding on credit cards will increase even further, leading to a third risky factor for further defaults and write-downs.

I just felt that I wanted to contribute something in this comment. I’ll bookmark your blog and visit it some time more often. Keep up the good work!

Edwin