TITLE

EU Bailout In The Works?

PUB. DATE
October 2008
SOURCE
Investment Dealers' Digest;10/6/2008, Vol. 74 Issue 38, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of the French government to assist in assisting €300 billion ($147 billion) bailout fund to rescue European banks caught up in the credit crunch. It notes that the money could be used to help recapitalize banks or to create a U.S.-style deposit for illiquid mortgage securities. Under the proposal, only triple-A rated mortgages written before December 2007, and packaged into securities can be used as collateral, including other asset such as corporate loans.
ACCESSION #
34702787

 

Related Articles

  • Include Exit Strategy in Intervention Plans. Barnett, Robert E. // American Banker;10/24/2008, Vol. 173 Issue 206, p11 

    The article discusses the creation of a plan to end U.S. government involvement in the financial industry. The author explains that the government's help during the financial crisis of 2008 should be seen as temporary and that the creation of a responsible exit strategy should be considered. The...

  • Winning Main Street Hearts and Minds. Gnaizda, Robert; Corralejo, Jorge // American Banker;10/24/2008, Vol. 173 Issue 206, p11 

    The article discusses how major banking corporations can regain the confidence of the public in the wake of the nationalization of banks through the use of taxpayer money. The author suggests that banking industry leaders convene and discuss how to move forward responsibly so as not to create...

  • Why More Lending Isn't Always the Answer. Albertson, Robert // American Banker;11/12/2008, Vol. 173 Issue 219, p11 

    This article discusses reasons why more lending, especially under the Troubled Asset Relief Program, might not be the answer to the problems with the financial industry in the United States. The author believes that the U.S. government will be making a mistake by asking banks to lend rather than...

  • Obama, Top Regulators Meet on Foreclosure Plan. Hopkins, Cheyenne; Kaper, Stacy // American Banker;2/10/2009, Vol. 174 Issue 27, p16 

    This article discusses U.S. President Barack Obama's plan to prevent foreclosures. Obama plans to use $50 billion from the Troubled Asset Relief Program to fund a plan that would help homeowners to restructure their mortgages. Obama met with regulators to discuss the plan and how to protect loan...

  • Ginnie Mae Eyes a Nuance for Issuers. Hochstein, Marc // American Banker;1/21/2009, Vol. 174 Issue 13, p12 

    This article reports that the Government National Mortgage Association (Ginnie Mae) has decided that it will consider the effect of the Hope for Homeowners program before taking action against issuers that have pools of loans with high deficiencies. Ginnie Mae is expecting high delinquency...

  • Banks' share prices dive despite bailout. Thickett, Robert // Mortgage Strategy;10/13/2008, p5 

    The article reports on the impact of credit crisis on the banking industry. It cites that share prices in banks are still low despite government's bailout of £500 billion. Richard Snook, senior economist of Center for Economics and Business Research (CERB), states that financial crisis has...

  • Bailout repayments may herald upturn. Cleary, Alan // Mortgage Strategy;9/28/2009, p14 

    The article comments on the bailout schemes implemented by various banks worldwide. It states that the Bank of America Corp. worked with U.S. regulators to convince them of the need to pay back billions of dollars of bailout money, while the Royal Bank of Scotland raised funds to pay the same...

  • Economic Stabilization Act: Overview of Transactions Involving Troubled Assets.  // Venulex Legal Summaries;2008 Q4, Special section p1 

    This article provides an overview of how the transactions involving troubled assets of U.S. financial institutions will be made under the Emergency Economic Stabilization Act of 2008. It explains that the Act is aimed at restoring liquidity and stability to the credit markets and includes a wide...

  • Cyprus agrees £10bn bailout with EU and IMF. Dale, Samuel // Mortgage Strategy (Online Edition);3/25/2013, p10 

    The article reports on an agreement of a bailout by Cyprus with European Union (EU) and International Monetary Fund that will lead to huge losses on large deposits. It is noted that a 6.75% levy on savings was threatened by the previous bailout package guaranteed under the EU-wide deposit...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics