Friday, April 10, 2009
"First" of the Day: German bank to be nationalized
The German government moved closer on Thursday to nationalizing the troubled mortgage lender Hypo Real Estate Holding, saying it planned to buy all of the company’s outstanding shares.... A nationalization of the bank would be Germany's first such move since the 1930s.
German Chancellor Angela Merkel, who has an ugly streak of neoliberalism in her character, is said to be experiencing headaches.
So when do we take ownership of the banks the public has already paid for in the U.S.?
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