Bailouts Everywhere

• After Ireland and Greece, Germany guarantees all deposits (translation, bloomberg link)
• Iceland thinking of a $14 billion rescue (which for Iceland is a LOT of money)
• TED Spread at 3.87, which is statistically equivalent to a sudden volcano in Worli, Mumbai.
• Germany also bailing out Hypo, which is a real too-big-to-fail estate company.
• Companies like Charter and Freescale are bailing themselves out buying back their own debt at obscenely low prices.
• Lehman's creditors say JP Morgan was responsible for it going down, by holding back assets. Heck, JPM bought Bear Stearns, which did the same thing to LTCM in 1998 - obviously JPM inherited the attitude.
• Holland nationalises Fortis.
• Wachovia gets rapped for running to Wells Fargo who gave a sweeter deal, over Citi who rescued it. The court says no, you gotta deal with Citi. Wachovia doesn't quite agree.
• Tata Motors bails out of Singur.

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This entry was posted on Sunday, October 5th, 2008 at 7:00 PM and is filed under Crisis2008. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.