Hypo Real Estate Holding AG saved from BK this AM

Banken alleine haben die Hypo Real Estate nicht gerettet. Wie das Finanzministerium bestätigte, trägt der Staat die Hauptlast der Garantien von insgesamt 35 Milliarden that is the government is providing most (27 billion) of the 35 billion rescue package

on the radio quotes were the usual -

"must be done to save a system wide banking crisis in Germany"

so and so from some Risk consultancy "it is completely shocking to us that HREH could be in this situation, we had no indication of bad loans of any magnitude"

this is the basic script, to be repeated in rolling fashion, everywhere....

http://afp.google.co...j0w9rAut0pCc33Q
http://www.zeit.de/o...milliardenpaket
use babelfish if interested in English version

Edited by dasein, 29 September 2008 - 08:13 AM.