German bond sale’s fate signals trouble ahead (user search)
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  German bond sale’s fate signals trouble ahead (search mode)
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Author Topic: German bond sale’s fate signals trouble ahead  (Read 5358 times)
minionofmidas
Lewis Trondheim
Atlas Institution
*****
Posts: 58,206
India


« on: January 09, 2009, 02:20:21 PM »
« edited: January 09, 2009, 02:46:34 PM by in times like these »
In other news, the government wants to buy 25% of Commerzbank (and thus, basically, a veto right) at well over the current market rate.
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minionofmidas
Lewis Trondheim
Atlas Institution
*****
Posts: 58,206
India


« Reply #1 on: January 09, 2009, 05:18:35 PM »
Quote from: in times like these on January 09, 2009, 02:20:21 PM
In other news, the government wants to buy 25% of Commerzbank (and thus, basically, a veto right) at well over the current market rate.
Like, 8 times the (pre-announcement) market rate. Part of that money coming from the earlier bailout package.

I would like to point out here that Commerzbank was (wholly) nationalized to keep it from going under in 1932. And sold off again in 1937. Grin
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