[lbo-talk] HypoRealEstate rescue?

moominek at aol.com moominek at aol.com
Sat Oct 4 13:17:05 PDT 2008


I wrote a few hours ago:

"The Deutsche Bank survived - unlike the other other big german commercial banks - the severe banking crisis of 1931 with only a minor public stake." I forgot to mention, that they survived because of refusing governmental pressure to join the efforts to prevent the crisis, to merger with the DANAT-Bank or the the DresdenerBank already in trouble.

O.K., in the main german news there is the message, that the rescue package for the HypoRealEstate was blown up after a deeper research of the Deutsche Bank in the balance sheeds, enlarging the risk up to 50 billion up to the end of this year.

They have learned their lessons.

Sebastian

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