Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Bailouts Everywhere | Capitalmind

Bailouts Everywhere

5 Oct 2008Deepak Shenoy1 min read

Quick Facts

What is "Bailouts Everywhere" about?
What category is this article in?: Commentary
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 5 October 2008.
How long does this article take to read?: 1 min read
What topics does this article cover?: Bailout, Crisis 2008

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.

Phew.