Europe: Scramble on to rescue big banks

[Guest guest]

Cosmologer wrote:

> Dear friends,

>

> A financial crisis of historic proportions is now spreading through Europe

with governments scrambling to contain the crisis.

>

> Europe: Scramble on to rescue big banks

>

> Story Highlights

> * Germany's Finance Ministry convenes crisis talks after bank bailout deal

fails

> * Hypo Real Estate Holding AG is the country's No. 2 commercial property

lender

> * German government to guarantee all private savings accounts

> * Belgium government battles to save Fortis, Iceland considers urgent action

>

> STOCKHOLM, Sweden (AP) -- Governments across Europe scrambled to save failing

banks on Sunday, working largely on their own a day after leaders of the

continent's four biggest economies called for tighter regulation and coordinated

response to the global meltdown. GERMAN Chancellor Angela Merkel said she would

let a bank collapse disrupt the economy. In Berlin, the German government held

crisis talks after the collapse of a $48.4 billion bailout of Hypo Real Estate

AG, the country's second biggest property lender. German Chancellor Angela

Merkel said that Europe's biggest economy would " not allow the distress of one

financial institution to distress the entire system. " The country's Finance

Minister Peer Steinbrueck later said it would guarantee all private savings

accounts. Merkel said no citizen should fear for the safety of their savings.

>

> In ICELAND -- particularly hard-hit by the credit crunch -- government

officials and banking chiefs were discussing a possible rescue plan for the

country's overstretched commercial banks.

>

More on Iceland:

http://www.guardian.co.uk/world/2008/oct/05/iceland.creditcrunch

[Guest guest]

Hello Brian,

 

Thanks for the information.

 

It is no coincidence that the financial investors in countries with

Virgo rising (UK and Iceland) are experiencing severe nervous tension

as transit 1st lord MERCURY at 21° Virgo/H1 becomes exactly conjunct

transit 12th lord SUN under exact aspect from transit FM RAHU at 22°

Capricorn/H5.

 

Best wishes,

 

Thor

 

 

 

SAMVA , Brian Conrad <brianjtools wrote:

>

> Cosmologer wrote:

> > Dear friends,

> >

> > A financial crisis of historic proportions is now spreading

through Europe with governments scrambling to contain the crisis.

> >

> > Europe: Scramble on to rescue big banks

> >

> > Story Highlights

> > * Germany's Finance Ministry convenes crisis talks after bank

bailout deal fails

> > * Hypo Real Estate Holding AG is the country's No. 2 commercial

property lender

> > * German government to guarantee all private savings accounts

> > * Belgium government battles to save Fortis, Iceland considers

urgent action

> >

> > STOCKHOLM, Sweden (AP) -- Governments across Europe scrambled to

save failing banks on Sunday, working largely on their own a day

after leaders of the continent's four biggest economies called for

tighter regulation and coordinated response to the global meltdown.

GERMAN Chancellor Angela Merkel said she would let a bank collapse

disrupt the economy. In Berlin, the German government held crisis

talks after the collapse of a $48.4 billion bailout of Hypo Real

Estate AG, the country's second biggest property lender. German

Chancellor Angela Merkel said that Europe's biggest economy

would " not allow the distress of one financial institution to

distress the entire system. " The country's Finance Minister Peer

Steinbrueck later said it would guarantee all private savings

accounts. Merkel said no citizen should fear for the safety of their

savings.

> >

> > In ICELAND -- particularly hard-hit by the credit crunch --

government officials and banking chiefs were discussing a possible

rescue plan for the country's overstretched commercial banks.

> >

> More on Iceland:

> http://www.guardian.co.uk/world/2008/oct/05/iceland.creditcrunch

>

[Guest guest]

Panic engulfs global stock markets

Oct 6 07:07 AM US/Eastern

World markets suffered massive losses Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis.

http://www.breitbart.com/article.php?id=081006110653.q6nnqf0d & show_article=1

 

Germany takes hot seat as Europe falls into the abyss

By Ambrose Evans-Pritchard , The Telegraph

Last Updated: 11:05AM BST 06 Oct 2008

We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3141428/Germany-takes-hot-seat-as-Europe-falls-into-the-abyss.html

 

Oct 6, 2008 | 09:43AM US Market Open

NASDAQ 1901 -46 -2.36%

DJIA 10122.04 -203.34 -1.97%

S & P 1073.44 -25.79 -2.35%

 

 

 

 

cosmologer <cosmologerSAMVA Sent: Monday, October 6, 2008 12:42:19 PM Re: Europe: Scramble on to rescue big banksHello Brian,Thanks for the information.It is no coincidence that the financial investors in countries with Virgo rising (UK and Iceland) are experiencing severe nervous tension as transit 1st lord MERCURY at 21° Virgo/H1 becomes exactly conjunct transit 12th lord SUN under exact aspect from transit FM RAHU at 22° Capricorn/H5.Best wishes,ThorSAMVA , Brian Conrad <brianjtools wrote:>> Cosmologer wrote:> > Dear friends,> >> > A financial crisis of

historic proportions is now spreading through Europe with governments scrambling to contain the crisis. > >> > Europe: Scramble on to rescue big banks> >> > Story Highlights > > * Germany's Finance Ministry convenes crisis talks after bank bailout deal fails> > * Hypo Real Estate Holding AG is the country's No. 2 commercial property lender> > * German government to guarantee all private savings accounts> > * Belgium government battles to save Fortis, Iceland considers urgent action > > > > STOCKHOLM, Sweden (AP) -- Governments across Europe scrambled to save failing banks on Sunday, working largely on their own a day after leaders of the continent's four biggest economies called for tighter regulation and coordinated response to the global meltdown. GERMAN Chancellor Angela Merkel said she would let a bank collapse

disrupt the economy. In Berlin, the German government held crisis talks after the collapse of a $48.4 billion bailout of Hypo Real Estate AG, the country's second biggest property lender. German Chancellor Angela Merkel said that Europe's biggest economy would "not allow the distress of one financial institution to distress the entire system." The country's Finance Minister Peer Steinbrueck later said it would guarantee all private savings accounts. Merkel said no citizen should fear for the safety of their savings.> > > > In ICELAND -- particularly hard-hit by the credit crunch -- government officials and banking chiefs were discussing a possible rescue plan for the country's overstretched commercial banks.> > > More on Iceland:> http://www.guardian.co.uk/world/2008/oct/05/iceland.creditcrunch>---

[Guest guest]

Dear friends,

 

The financial problems of Virgo rising countries UK and Iceland have recently really become great with the governments having had to take over major banks. This is to some extent due to the transit of Saturn as 6th lord of financial stability in the 12th house of losses, but also due to natal afflictions that show such setbacks. Generally, for Virgo rising, as per the Weekly Horoscope of (http://www.jyotishremedies121.com/weeklyhoroscope.htm), there would be improvement this week. The actions taken are helping to assuage investor and depositor concerns.

 

Best wishes,

 

Thor

 

 

=============

 

 

Royal Bank of Scotland under state control

 

 

 

From The Times - October 13, 2008Philip Webster, Political Editor, Gráinne Gilmore, Economics Correspondent, and Gary Duncan in Washington

 

 

Doubt hits HBOS/Loyds TSB deal | Sir Fred Goodwin faces the axe | Cost of rescue plan keeps rising | Banks ask for more money | Europe follows Brown | Comment: Anatole Kaletsky | Food stamps for low income US | Baugur seeks help from Sir Philip Green | Morgan Stanley terms rewrite | Economic View: Gary Duncan

The Chancellor will move to take control of the Royal Bank of Scotland today by injecting £20 billion of taxpayers’ money.

The Government is also expected to take over HBOS in the most dramatic extension of state ownership in the British economy since the war. The bank’s rescue takeover by Lloyds TSB appeared to be on the brink of collapse last night. http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4932250.ece

 

=============

 

cosmologer <cosmologerSAMVA Sent: Monday, October 6, 2008 12:42:19 PM Re: Europe: Scramble on to rescue big banksHello Brian,Thanks for the information.It is no coincidence that the financial investors in countries with Virgo rising (UK and Iceland) are experiencing severe nervous tension as transit 1st lord MERCURY at 21° Virgo/H1 becomes exactly conjunct transit 12th lord SUN under exact aspect from transit FM RAHU at 22° Capricorn/H5.Best wishes,ThorSAMVA , Brian Conrad <brianjtools wrote:>> Cosmologer wrote:> > Dear friends,> >> > A financial crisis of

historic proportions is now spreading through Europe with governments scrambling to contain the crisis. > >> > Europe: Scramble on to rescue big banks> >> > Story Highlights > > * Germany's Finance Ministry convenes crisis talks after bank bailout deal fails> > * Hypo Real Estate Holding AG is the country's No. 2 commercial property lender> > * German government to guarantee all private savings accounts> > * Belgium government battles to save Fortis, Iceland considers urgent action > > > > STOCKHOLM, Sweden (AP) -- Governments across Europe scrambled to save failing banks on Sunday, working largely on their own a day after leaders of the continent's four biggest economies called for tighter regulation and coordinated response to the global meltdown. GERMAN Chancellor Angela Merkel said she would let a bank collapse

disrupt the economy. In Berlin, the German government held crisis talks after the collapse of a $48.4 billion bailout of Hypo Real Estate AG, the country's second biggest property lender. German Chancellor Angela Merkel said that Europe's biggest economy would "not allow the distress of one financial institution to distress the entire system." The country's Finance Minister Peer Steinbrueck later said it would guarantee all private savings accounts. Merkel said no citizen should fear for the safety of their savings.> > > > In ICELAND -- particularly hard-hit by the credit crunch -- government officials and banking chiefs were discussing a possible rescue plan for the country's overstretched commercial banks.> > > More on Iceland:> http://www.guardian.co.uk/world/2008/oct/05/iceland.creditcrunch>---