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June 20, 2013
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Europe Catches Bailout FeverPosted on Oct 5, 2008
European governments decided against a joint bailout of the Continent’s financial system, but that hasn’t stopped individual governments from trying to save failing and financially shaky institutions. The German government, which has been highly critical of U.S. economic mismanagement, just backed a $68-billion deal to save one of its biggest banks.
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By Folktruther, October 6, 2008 at 11:33 am Link to this comment
The US power system’s decay inevitably leads the decline of Western imperialism. Hopfully it will incrrease the determination of Asia, where most earthpeople live, to develop world institutions and a world currency (the eartha.)
Report thisBy Fahrenheit 451, October 6, 2008 at 9:04 am Link to this comment
Yikes, what a ride! European stocks are down 5% and the U.S. is down at 9,600 (Dow)and 1,800 for NASDQ. Looks like an epidemic to me.
Report thisBy Fahrenheit 451, October 6, 2008 at 6:39 am Link to this comment
@ Tero;
God, it must be comforting to have such faith in ones government; wish I did/could.
Report thisBy GW=MCHammered, October 5, 2008 at 10:35 pm Link to this comment
(Unregistered commenter)
re: Outraged, October 5 at 9:00 pm
Hey Outraged, gotta (sunshine) magnifying glass?
Report thisIdeas where to focus it?
Hoping the next gen justice dept does too.
By Tero, October 5, 2008 at 10:23 pm Link to this comment
(Unregistered commenter)
Politicians and economic experts keep saying here in Finland that everything will be fine. This crisis will not affect our banking system. We too have a housing bubble of historical proportions, but it doesn’t matter.
No banks are in danger here. They are completely secure. Move along, move along…
Report thisBy Fahrenheit 451, October 5, 2008 at 10:13 pm Link to this comment
Wow, this is like watching the worlds largest domino game. Apparently the rot goes to the core. Nobody will escape this one.
Report thisBy Outraged, October 5, 2008 at 10:00 pm Link to this comment
Odd….how a little bit of sunshine gets that MOLD crumbling…isn’t it? Imagine, what a hot sun would destroy.. This is when “global warming” almost seems like a good idea….a nice, hot, dry, cookin’ sun. That would do it, “you betcha”.
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