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Commerzbank and Dexia look to be the next on the list for some serious wobbling.
by Metatone (metatone [a|t] gmail (dot) com) on Mon Sep 29th, 2008 at 11:33:29 AM EST
[ Parent ]
Uh-huh, that went fast...

Bloomberg.com: U.S.

Sept. 30 (Bloomberg) -- Dexia SA, the world's biggest lender to local governments, will get a 6.4 billion-euro ($9.2 billion) state-backed rescue after worsening financial markets drove the shares to a record decline.

Belgium's federal and regional governments, France and the company's largest shareholders will supply the funds, according to a statement from Belgian Prime Minister Yves Leterme today.



*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Tue Sep 30th, 2008 at 02:38:56 AM EST
[ Parent ]
Another cross-border rescue, then?

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Tue Sep 30th, 2008 at 02:59:03 AM EST
[ Parent ]

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