New bailouts for financial institutions

29 September 2008 -- admin

Fortis of Belgium and Bradford & Bingley of the United Kingdom are set to be nationalised after no buyer was found to take over them. In the United States, an industry-wide bailout plan, which will cost taxpayers $700bn, has been agreed between the adminstration and Congress representatives from both parties. UNI Finance demands that such interventions come with a price tag.

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