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notime · 02-18-2009, 07:09 AM

http://www.france24.com/en/20090218-...nancial-crisis

The German government is set to adopt a law allowing it to temporarily nationalise troubled banks through the seizure of shares, according to a draft text obtained by AFP Wednesday.

But as the crisis shows no sign of ending, the nationalisation of major banks -- previously unthinkable -- is becoming increasingly seen as a palatable option in the face of the ongoing financial sector chaos.

Banks have already been nationalised in Britain and Ireland.

And the former chairman of the US Federal Reserve, Alan Greenspan, said Tuesday in interview with the Financial Times that the US government may have to temporarily nationalise the country's banks until the sector is reformed.
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Glad I don't have any stocks in banks since Governments now start to plan to "just take anybodies shares".

02-18-2009, 07:09 AM
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,021	German government might seize bank shareholders' shares http://www.france24.com/en/20090218-...nancial-crisis The German government is set to adopt a law allowing it to temporarily nationalise troubled banks through the seizure of shares, according to a draft text obtained by AFP Wednesday. But as the crisis shows no sign of ending, the nationalisation of major banks -- previously unthinkable -- is becoming increasingly seen as a palatable option in the face of the ongoing financial sector chaos. Banks have already been nationalised in Britain and Ireland. And the former chairman of the US Federal Reserve, Alan Greenspan, said Tuesday in interview with the Financial Times that the US government may have to temporarily nationalise the country's banks until the sector is reformed. --------------------------------------------------------------- Glad I don't have any stocks in banks since Governments now start to plan to "just take anybodies shares".