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Dexia Bank Gets Massive Bailout

Business  (tags: European Bank Bailout, Dexia, Franco-Belgian bank, France, Belgium, Luxembourg, Merkel and Sarkozy meetng, recapitalization plan, Dexia under state control, Moody's could downgrade )

- 2415 days ago -
France, Belgium and Luxembourg are to bail out the troubled bank Dexia, following fears it could go bankrupt. German Chancellor Angela Merkel and French President Nicolas Sarkozy agreed Europe's crisis-hit banks needed to be recapitalized.

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Past Member (0)
Monday October 10, 2011, 1:55 am
Oh, good. Another bank gets a bail out. A planet rejoices.

It may be time for Europe to begin its own Occupy Wall St movement.

Fiona O (565)
Monday October 10, 2011, 12:28 pm
Bailouts should stop. The banks with their powers to create "money" do not need help. Banking is predatory and always theft.

Judy C (97)
Tuesday October 11, 2011, 5:51 am
This isn't likely to be the last bank bailout, unfortunately.

KS Goh (0)
Tuesday October 11, 2011, 6:28 am
Thanks for the article.

Mae T (0)
Tuesday October 11, 2011, 4:43 pm
Another one almost bit the dust.

Donna Hamilton (159)
Tuesday October 11, 2011, 6:15 pm
Just delaying the inevitable.

Fred Krohn (34)
Tuesday October 11, 2011, 7:43 pm
We should rescind the bailouts and TARP funds here in the USA, it's a repeat of the mistakes made in 1929-1930 that dragged the Depression out for so long. Down with Bank of un-America!

Judy C (97)
Tuesday October 11, 2011, 9:21 pm
Wouldn't it be great if we could all be as irresponsible as these banks? We could gamble away other people's money, and then get paid for doing so when we lose it, out of their tax money. What a deal!
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