Keyword(s): nationalization
12/24/10
08:52:14 am, by editor of MarketObservation.com 
, 104 words 
Categories: Central Banks/Government, Banks/Investment Banks, Restructuring
Reuters: Irish government takes control of Allied Irish, Dec. 23, 2010
Ireland's government said on Thursday it would pump 3.7 billion euros into Allied Irish Banks (AIB) (ALBK.I) setting it on course for nearly 93 percent ownership of what was once t… more »
02/27/09
VOX: The case for and against bank nationalisation Matthew Richardson, Feb. 26, 2009
Sometimes the best way to repair a severely dilapidated house is to knock it down and rebuild it. This column argues for bank nationalisation as the best hope for mai… more »
02/15/09
08:16:02 pm, by editor of MarketObservation.com , 160 words
Categories: Central Banks/Government, Banks/Investment Banks
The NYT about a worst case szenario:
NYT: Under One Stress Test, Big Banks Look Anemic, Feb. 13, 2009
"CreditSights ran the numbers, and found that according to its “severe” case situation, all the major banks and brokerages — Citigroup, Bank of Am… more »
02/11/09
NYT: Bailout Plan: $2.5 Trillion and a Strong U.S. Hand, Feb. 10, 2009
"Administration officials committed to flood the financial system with as much as $2.5 trillion — $350 billion of that coming from the bailout fund and the rest from private invest… more »
01/22/09
This is an interesting list of economist's quotes about nationalization:
FT Alphaville: Nationalisation linkfest, Jan. 20, 2009 more »
NYT: The Falling Pound Raises Fears of Nationalization, Jan. 21, 2009
An island nation that bulked up on debt and lived beyond its means. A plunging currency. And a financial system edging toward nationalization.
With the pound at a multidecade low… more »
01/21/09
Guardian: Calls to nationalise RBS and Lloyds as markets lose faith in bail-outs, Jan. 20, 2009
"As markets took fright at the state of Britain's banking sector and the wider economy the day after the government's latest bail-out plan, shares in the l… more »
01/16/09
NYT: Rescue of Banks Hints at Nationalization, Jan. 15, 2009
They may no longer have that luxury. With two of the nation’s largest banks buckling under yet another round of huge losses, the incoming administration of Barack Obama and the Federal Res… more »
12/07/08
Nouriel Roubini believes that the auto industry should be bailed out. But highly conditioned:
Replacement of current management
Concessions from both the UAW and automakers
A wipeout of existing equity and debt-holders
Temporary nationalization… more »
10/14/08
The nationalization of parts of the biggest banks in the Western World could be the beginning of the stabilization of the banking system. Since the announcement of the £400 billion bail out of the UK banking systems the credit default swaps of UK banks h… more »
10/09/08
Doing the right thing?
"A tentative cheer: Paulson may have been dragged kicking and screaming into doing the right thing to rescue the financial system:
Having tried without success to unlock frozen credit markets, the Treasury Department is cons… more »
It seems that the British way could become the role model for the US. Some economists have argued that a partial nationalization of banks would be the most efficient way to solve the crisis and restore trust. Others state that it can not be the task of g… more »
09/29/08
05:11:33 am, by editor of MarketObservation.com , 104 words
Categories: News, Central Banks/Government, Banks/Investment Banks
FT: Fortis thrown €11bn lifeline by governments, Sept. 28, 2008
Fortis received an Euro 11.2 billion lifeline on Sunday night as the Belgian, Dutch and Luxembourg governments combined to inject capital into the embattled banking and insurance grou… more »
09/28/08
07:44:35 pm, by editor of MarketObservation.com , 79 words
Categories: Economics United States, Economics Europe
The current financial crisis in the US reminds in some way to the Swedish banking crisis in the early 1990s. The crisis was resolved through nationalization of distressed banks. They were re-privatized after having stabilized.
The crisis has been a s… more »
The Guardian: Treasury poised to nationalise ailing bank, Sept. 28, 2008
The government was last night drawing up plans for the emergency nationalisation of the Bradford & Bingley mortgage bank after last-minute attempts to engineer a rescue takeo… more »
09/25/08
Project Syndicate: Farewell to the Neo-Classical Revolution by Robert Skidelsky, Sept. 2008
The looming bankruptcy of Lehman Brothers, and the forced sale of Merrill Lynch, two of the greatest names in finance, mark the end of an era. But what will co… more »
03/30/08
The possibility of nationalizing German banks which are in trouble due to the financial crisis has been raised as an issue lately. J. Ackermann, CEO of Deutsche Bank, was the most prominent individual who mentioned nationalization as an opportunity.… more »
02/19/08
Economist, Northern Rock Grabbing the bank, Feb 18th 2008: "...IT SHOULD have happened months ago, but the decision, when it came at last, was a humiliating one for what was once one of Britain’s highest-flying banks. On Sunday February 17th Alistair Dar… more »
01/14/08
06:04:56 am, by editor of MarketObservation.com , 499 words
Categories: News, Central Banks/Government, Academic
Telegraph.co.uk, January 14, 2008: £50bn bill to 'nationalise' Northern Rock: Northern Rock faces effective nationalisation by the end of the month at a potential cost to the taxpayer of over £50 billion.
Gordon Brown hires Ron Sandler to save Rock Al… more »
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