Bailouts Options

[woody]

Since i don't see a topic for this. What do you all think of the bailouts going on right now?

[impala454]

Looks like we're not the only ones affected either:
http://money.cnn.com/2008/09/29/markets/do...sion=2008092915

NEW YORK (CNNMoney.com) -- The U.S. dollar rose against other major currencies Monday as turmoil in the European economy undercut the euro and the pound.
...
The dollar's strength comes as the crisis on Wall Street appears to be spreading to the European financial system.

In Germany, government regulators and several banks tossed a multibillion euro line of credit to Hypo Real Estate Holding AG in move aimed at preventing the country's second largest commercial property lender from going under.

Meanwhile, the British government announced plans to nationalize troubled mortgage lender Bradford & Bingley, taking over the bank's $91 billion mortgage and loan books, in a bid to help stabalize the country's financial stability.

Over the weekend, the governments of Belgium, the Netherlands and Luxembourg partially nationalized Dutch-Belgian banking giant Fortis NV with a $16.4 billion rescue after investor confidence in the bank evaporated last week.