File:Gherkin Gone Sour.jpg
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Size of this preview: 450 × 600 pixels. Other resolutions: 180 × 240 pixels | 360 × 480 pixels | 576 × 768 pixels | 768 × 1,024 pixels | 1,819 × 2,425 pixels.
Original file (1,819 × 2,425 pixels, file size: 2.87 MB, MIME type: image/jpeg)
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Summary[edit]
| Description |
English: The Swiss Re Building at 30 St. Mary's Axe (London really has some weird names for their streets). Due to its shape, it's much more commonly-known as The Gherkin.
In November 2007, Swiss Reinsurance Company announced that it's lost CHF (Swiss Franc) 1.2-billion (USD $ 1.07-billion) from the U.S. subprime mortgage mess. It turned out that Swiss Re has entered into credit default swap agreements with other financial institutions against mortgage defaults. As homeowners in the U.S. began to default on their mortgage payments, Swiss Re became responsible for some of the loan losses. Well, we all know how U.S. banks had been giving their loans away to people with no jobs, no fixed address and on welfare to buy houses. Now everyone is paying for the mistakes made by greedy banks and naive consumers alike. |
| Date | |
| Source | https://www.flickr.com/photos/18378305@N00/2072119295/ |
| Author | Can Pac Swire |
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This file is licensed under the Creative Commons Attribution-Share Alike 2.0 Generic license.
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This image was originally posted to Flickr by Can Pac Swire at https://flickr.com/photos/18378305@N00/2072119295. It was reviewed on 25 August 2023 by FlickreviewR 2 and was confirmed to be licensed under the terms of the cc-by-sa-2.0. |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 03:55, 25 August 2023 | | 1,819 × 2,425 (2.87 MB) | Oxyman (talk | contribs) | Uploaded a work by Can Pac Swire from https://www.flickr.com/photos/18378305@N00/2072119295/ with UploadWizard |
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