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The bailout culture continues strong with The Netherlands bailing out SNS Reaal at a cost of...

The bailout culture continues strong with The Netherlands bailing out SNS Reaal at a cost of €3.7B after a private-led rescue collapsed. The 4th largest financial institution in the country with €134B in assets, SNS was hit by losses in its property holdings. The bailout should do wonders for the already struggling Dutch government budget deficit.
Comments (1)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    stockholders out..Junior bondholders taking a big hit..Senior bondholders AOK.....WHY? I would think if the government takes them over....its all over....
    1 Feb 2013, 07:15 AM Reply Like
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