Posts with tag bailouts
Posted Feb 18th 2008 8:59AM by Douglas McIntyre
Filed under: Top deals, Public or private?
The U.S. government bailed out Chrysler all the way back in 1979. Nothing quite like it as been seen since then, but the financial sector has not been in as much trouble for decades as it is now.
Over the weekend, the U.K. government decided to take ownership of troubled mortgage company Northern Rock. The financial firm will eventually be sold or taken public again, but the government acted to save it short-term because it was in the public interest for the company not to fail.
The move may be a template for the US government as its struggles with possible collapses at bond insurers and mortgage lenders. It may even be a way for common shareholders to keep some of their equity.
For the full story visit 24/7 Wall St.
BloggingBuyouts is provided for informational purposes only. Nothing on the service is intended to provide personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. You are solely responsible for any investment decisions that you make. The contributors who provide the content of BloggingBuyouts may, from time to time, hold positions in the securities discussed at the time of writing and they may trade for their own accounts. Such holdings will be disclosed at the time of writing. By using the site, you agree to abide to BloggingBuyouts' Terms of Use.
