On the unravelling of corporate loans

In today’s indo, an Irish victim of the credit crunch:
independent.ie/business/iris … 24097.html

Ouch, I guess this is how the property crash is going to start effecting other businesses to.

What alarms me is the total lack of correlation with the “property crash”. The only correlation is the need for cash to grown the business to a sustainable level.

What future for start-ups? I had been planning on doing some small-scale BES investing this year, but unless I can find something that isn’t going to need other money, I think I’ll just pay tax on my cash!