calculatedrisk.blogspot.com - 10/6/2008
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From the Telegraph: Financial crisis: Government could take shares in high street banks Alistair Darling, the Chancellor, could give the banks billions of pounds in return for shares in an emergency bailout plan to be enacted if the financial crisis worsens, The Daily Telegraph has learnt.
The ...
gregmankiw.blogspot.com - 10/9/2008
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gregmankiw.blogspot.com —
There is broad agreement among economists that what
the financial system needs is not only an injection...
of liquidity but also a recapitalization. The essence of the current financial crisis is that many firms bet that housing prices would not fall; ...
(more)
How to Recapitalize the Financial System
rgemonitor.com - 9/29/2008
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rgemonitor.com —
Whenever there is a systemic banking crisis there
is a need to recapitalize the banking/financial system to...
avoid an excessive and destructive credit contraction. But purchasing toxic/illiquid assets of the financial system is not the most effective ...
(more)
Is Purchasing $700 billion of Toxic Assets the Best Way ...
online.wsj.com - 10/1/2008
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online.wsj.com —
When the speculative fever finally broke in America's
housing industry and house prices began falling in search...
of equilibrium levels, banks everywhere suffered defaults and subsequent losses on a range of assets. In short order, the housing ...
(more)
We Need to Recapitalize the Banks
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Quis spondebit ipsos sponsores?
self-evident —
(My attempt at “Who will bail out the bailers?”)
UK Government considering plan to recapitalize banks
Hey, is it my imagination, or does Alistair Darling bear an uncanny resemblance to Barney Frank?
Anyway… The Brits seem to be considering the “Swedish model” rather than the “ex-Goldman CEO U.S. Treasury Sovereign Wealth Fund” model.
Hypo Real Estate bailed out
I do not know what “Hypo” is, exactly, but apparently it needed €5 x 1010 this ...
Other Governments Can Do This Right. Why Can't We?
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... Calculated Risk: Report: UK Government Considering Plan to Recapitalize Banks: From the Telegraph: Financial crisis: Government could take shares in high street banks ...
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UK: Government to Invest in Banks
calculatedrisk.blogspot.com 10/7/2008 — From The Times: British taxpayer to be tied into £50bn bank bailout Britain’s taxpayers will tomorrow be committed to spending more than £50 billion to bail out the high-street banks in a bid to avert a cataclysmic failure of confidence, The Times ...
BBC NEWS | Business | Rescue plan for UK banks unveiled
news.bbc.co.uk 10/8/2008 — Banks will have to increase their capital by at least £25bn and can borrow from the government to do so. An additional £25bn in extra capital will be available in exchange for preference shares. £200bn will be available in short-term loans from the ...
BBC NEWS | Business | Rescue plan for UK banks unveiled
news.bbc.co.uk 10/8/2008 — Banks will have to increase their capital by at least £25bn and can borrow from the government to do so. An additional £25bn in extra capital will be available in exchange for preference shares. £200bn will be available in short-term loans from the ...
How to recapitalize: the Semi-Swedish Solution
interfluidity.powerblogs.com 10/2/2008 — So, you don't want to nationalize all the bad banks, and neither does Megan McCardle. After all, America is not Sweden, we're heterogeneous and fractious and really gosh-darn big....
U.K. To Recap Banks
aleablog.com 10/8/2008 — This is going the right way, it addresses directly the tier1 capital problem, better than TARP and will dilute stockholders.
Britain’s largest banks are to be part-nationalised after Gordon Brown took the momentous decision to pump tens of ...
FT.com / Home UK / UK - Guarantees only go so far
ft.com 10/2/2008 — Irish hospitality is legendary. But pause a second before you transfer your sterling deposits into the welcoming arms of one of the six Irish banks now guaranteed by Dublin. The confidence instilled by government promises to stand behind all deposits ...
I'm Sorry, I Haven't a Clue
macro-man.blogspot.com 11/15/2008 — There is a long and glorious history of transatlantic cross-fertilization when it comes to television programs and other forms of entertainment. Staples of the US television landscape such as Sanford and Son (Steptoe and Son), American Idol (Pop ...