The neo-liberal capitalism whistles from the last hole.

Like children, the neoliberals have speculated their pocket. Central banks create money without end, with the M3 money supply

again and again grows . The neo-liberal ownership ends at the point to commit to the neo-liberals to take over this responsibility of loss would. The neo-liberal principle is, however, privatize profits and socialize losses, consumers pay the bill in the form of hyper inflation, caused by unlimited money supply growth.

"With their backs to the wall"

The Land of Saxony to guarantee 4.3 billion euros for risks of SachsenLB. For policy and the taxpayer is a big blow. But the LBBW, which plans to invest in the SachsenLB, is in the terminal.

For the Free State of Saxony, it is very thick. Landesbank Baden-Wurttemberg (LBBW) calls - that reportedly produced by the SachsenLB - that the country should adhere to a guarantee of € 4.3 billion for the risks of the Leipzig Landesbank.

[...]

With the said sum should be liable for risks the country over 43 billion euros from the off-balance sheet special purpose entities SachsenLB. € 4.3 billion - equivalent to more than one quarter of the Saxon Land's budget.

Source

10th December 2007
Thick tight money market funds
Bank of America upheld
Source: n tv.de

11th December 2007, Neue Zürcher Zeitung
Large outflows from a UBS fund
Deferred payment of up to one year to the remainder

Source

More and more hedge funds close
After Cominvest and Pioneer also solves Allianz Global Investors to its two funds of hedge funds.
Source: boerse-online.de

Additional notice: what happened since April 2007? And why (click on the picture)?

Data from the statistics of the free / Bundesbank . Table here: geldwachstum.xls

Image: Wikipedia, A copy of the license is included in the section entitled " GNU Free Documentation License ".

All articles represent the views of the author dar. entry was posted on Wednesday, 12 2007 at 14:00 clock by Sybilla published in December and was under financial, tax policy passed. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a review comment , or trackback your Page Setup.