Chronicles Of Depression 2.0: #302: Fortis 2

Saturday, September 27th, 2008: Chronicles Of Depression 2.0: #253: Fortis

Sunday, September 28th, 2008: Chronicles Of Depression 2.0: #270: Fortis Falls

Today, October 3, 2008: Netherlands to buy Fortis assets
The Netherlands will take full control of the Dutch operations of ailing European bank Fortis in a deal worth 16.8bn euros ($23.2bn; £13.1bn).

On Sunday, the Netherlands, Belgium and Luxembourg governments injected 11.2bn euros into the bank, which has a heavy presence in all three countries.

The Dutch government transaction on Friday does not affect Fortis’ Belgian and Luxembourg operations.

Well, that bailout didn’t seem to work!

Explore posts in the same categories: Bank Collapse Watch, C.O.A.T. - Belief, C.O.A.T. - Money, C.O.A.T. - Politics, C.O.A.T. - Scams, C.O.A.T. - Self-Defense, Depression 2.0

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