![schimmel piano 3d model schimmel piano 3d model](https://preview.free3d.com/img/2014/05/2206001247259985803/fxonrtto-180.jpg)
A planned insolvence means the managemant stays and the company can, at least for now, go on with operative business." The company wants to achieve a "Planinsolvenz" (economical skilled persons come to help no clue what a "planned insolvenz" would mean exactly in american.). The step was necessary mainly because of the huge drop of sales in the most important US-market. The company, 124 years old, with 144 workers was insolvent as early as July this year. The biggest piano manufacturer Schimmel can't pay its bills. "Braunschweig (funny place in Germany, the town where they reside ). Many super-rich are interviewed in it.Ī very rough instant translation of StupeT's link, with a load of errors, but you should get the picture: The film is called: Super rich - the greed game, from the BBC, you can watch it via google. Well, it is a bit like films are nowadays, all film-producers think you have to paint in very thick colours - yet the facts are true, and not over-simplificated. There is a great film about this, not too oversimplificated, from the BBC. So it is a really wrong over-simplification that being social led to this crisis. The problem was that the big banks SOLD these contracts, and the fee the poor have or had to pay back was rising fast, and in many cases the "new banks" asked for other fees than the old ones (with whom the poor people had made their contracts). The problem was definitely NOT, that poorer people should get money lent for buying houses.
![schimmel piano 3d model schimmel piano 3d model](https://www.schimmel-pianos.de/fileadmin/_migrated/pics/C120EM.png)
(Raises hand) GUILTY as charged! The banking industry took huge advantage of that. We have allowed this mess to happen by too many people trying to live beyond their means IMO. These things are seldom simple but it really comes down to personal responsibility has been on the down slide for too long. I was very hesitant to post because I didn't want to get beat over my virtual noggin'! But is it all wrong? Also not very probable. an avalange.Īnd all only because the social idea of property for everyone.ĭoes this tell the true story? Not very probable. This made the house prices drop even lower and now more houses had to be auctioned. The regulations caused these houses to be sold by auction. "Unfortunately" suddenly the price for houses dropped and for some house-owners it became less than their debt. The bankers suddenly acted extremly social and even the poorer people with no backup-money were given the debt for houses and property. Let me add a complete different point of view: