Wednesday, Feb 11, 2009
Ireland nationalises its most important banks
Herald Tribune: Ireland to take control of banks, while plans for Fortis are rebuffed
"The fundamental problem is that almost no one knows what is on the balance sheets of most banks, and as the recession deepens, even once solid lenders are being dragged down by uncertainty and investor nerves. Some analysts say it may be time for policy makers to do what they have been studiously trying to avoid: full-scale nationalization, at least in certain countries."
Posted by plato @ 08:57 PM (325 views) Add Comment
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