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Bailout of IKB
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Author Bailout of IKB
HenryTo
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Joined: 06 Aug 2004
Posts: 11722
Location: Los Angeles, California
PostPosted: Wed Aug 08, 2007 12:36 am    Post subject: Bailout of IKB Reply with quote
This puts the concept of a "Greenspan" or a "Bernanke put" to shame:

http://www.bloomberg.com/apps/news?pid=20601087&sid=a6U6sWy8PlHg&refer=home

As usual, the taxpayer gets to foot the bill for these losses - along with everything else in most of Western Europe.
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