**German Bank Collapse after 35B Euro Rescue Falls Through**

[Pauls' Revere]

Monday is going to be a very interesting opening in the markets!
http://news.yahoo.com/s/afp/20081004/ts_afp/usfinancebankinggermanyhypo

Not sure how influencial this bank is but I'm sure the news doesn't add confidence.

 

[heavenlyboy34]

is it some kind of karmic coincidence that these horrific disasters all happen during Bush's term(s)? I think he's just bad luck! We should move his ranch to China, I think.

 

[Fox McCloud]

is it some kind of karmic coincidence that these horrific disasters all happen during Bush's term(s)? I think he's just bad luck! We should move his ranch to China, I think.

I think he already owns some land in Venezuela, Peru, or some other S. American country...gee, I wonder why?

 

[Knut Schreiber]

It's a member of DAX which consists of the top 30 public listed German companies. It's not even sure how bad the situation is. The accountants simply don't know. The bank is rather solid, though. It's one subdivision in Ireland that is in poor condition. They can't refinance due to the general poor market situation.

 

[LT for the Truth]

is it some kind of karmic coincidence that these horrific disasters all happen during Bush's term(s)? I think he's just bad luck! We should move his ranch to China, I think.

Move him to San Quentin or Alcatraz

 

[LibertyEagle]

I think he already owns some land in Venezuela, Peru, or some other S. American country...gee, I wonder why?

Paraguay.

 

[RSLudlum]

Exile his ass to St. Helena!!!

 

[freelance]

I think he already owns some land in Venezuela, Peru, or some other S. American country...gee, I wonder why?

Paraguay, which coincidentally does not have any extradition treaties.

 

[Knut Schreiber]

On topic (sorry ):

The bank is 100 billion euro short of liquidity. Government is reluctant to bail them out. The subdivision that's responsible for the problem is located in Ireland to avoid German taxes. So German taxpayers will be mad if they have to bail out a bank that doesn't want to pay taxes in their country. Unfortunateöy this is all blamed on "capitalism" and "tax competition" between European countries.

 

[Pauls' Revere]

New article about European meltdown.
http://news.yahoo.com/s/ap/20081005/ap_on_re_eu/eu_europe_meltdown

 

[Mister Grieves]

The bank is 100 billion euro short of liquidity. Government is reluctant to bail them out. The subdivision that's responsible for the problem is located in Ireland to avoid German taxes. So German taxpayers will be mad if they have to bail out a bank that doesn't want to pay taxes in their country. Unfortunateöy this is all blamed on "capitalism" and "tax competition" between European countries.

Perhaps this will teach those Irish swine for voting against the EU and keep them from putting up any more of a struggle to keep their independence.