HRE was hobbled by debts incurred by a German-Irish subsidiary, Depfa, which it bought in October 2007, after the international financial crisis emerged with the collapse of the US market for high-risk, or subprime, mortgages.
Depfa specialises in the financing of public works projects. (emphasis mine)
The Power of Reframing
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Carolyn Hax takes a question about holiday gatherings from a man facing his
third divorce.
As if that wouldn't be bad enough, he has slipped into a sort of...
16 hours ago
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