As the Great Recession continues around the world, defending “all freedom-loving people everywhere in the world,”
- Kang Man-soo, Finance Minister of the “free-market” Republic of (South) Korea launches a bailout for its commercial banks, and other companies, worth 130,000,000,000 “dollars,” with 750,000,000 “dollars” going to the state-owned Industrial (commercial) Bank of Korea alone.
- Wouter Bos, Finance Minister of the Kingdom of the Netherlands announces the purchase 10,000,000,000 Euros worth of preferred (having guaranteed dividends, but no voting rights) stock into selected commercial banks and multinational International Netherlands Group.
[added 6/5/2021]
Subsequent Events:
References:
Subprime crisis impact timeline – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Subprime_crisis_impact_timeline
Koreans join bank bailout — The National Newspaper
www.thenational.ae/article/20081019/BUSINESS/135797226/1138
Dutch ING Receives 10 Billion Euros in State Aid | Europe | Deutsche Welle | 19.10.2008
www.dw-world.de/dw/article/0,372536/0,00.html
Current U.s. National Debt:
