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Yes Brian I can understand your rant against your nation but sadly enough other nations were also busy copying the US system as we witnessed here in Belgium too with banks now at 1/4 and some more lower of their highest spume bank was 37 € a year ago and now 7.
Housing credits were more controlled here but compared to years ago when I was a kid it was normal a credit at 20 to 25 years now some have 40 years and more.
Hard to say but the trouble in the US will open their eyes here too to avoid such bad credits. There are greedy people everywhere.
About PDP.If their lost that cash how much will that effect on their balance and on sp.I'm not a close follower about PDP but it looks like things are not going like they have planned. No news about new wells or about that water pressure system they should use etc..That stock skyrocket 2 years ago but fell without gas to me now. When they will start to drill in Peru or Columbia?
Yeah sure it's a long time waiting for that approval but if we get it could lift the stock short time. Hopefully we get it before third week in October because that's a very dangerous one trough the years.