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

 

Share

Read the Article

Courtesy of NEW JERSEY STATE LIBRARY

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

Try another library?
Sign out of this library

Other Topics