Banks Was Very Dear To Save

By Author: Italo Zanotti
Total Articles: 62
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Three thousand and two hundred billion. This is the big money that the governments of Europe and the United States pulled out of the pockets of taxpayers to avoid the collapse of banks over the past two years: 1.800 billion euros have been allocated to support 839 overseas institutions and 1,400 billion in the Old continent have ended up in boxes of 64 banks. And Royal Bank of Scotland has won the prize for most subsidized bank with 420 billion.
These are figures "monstre" - devised by Mediobanca, R & D - which at the time were only partly restored by the protagonists of the most important financial debacle of the last 80 years. In the United States it returned to the coffers of the administration Obama only 431 billion euros, as well as in Europe (about 400 billion euros). But if we look at our house we groped to breathe a sigh of relief aid have been for 4 billion (Tremonti Bond), ie 0.4 percent of the amount allocated to the European level.
So to find out who has real chasms in the accounts, go to the United Kingdom, where we find that RBS and Lloyds have received from the Anglo-Saxon government, respectively, ...
... 420 (returned 49.5 billion) and 328 billion (299 returned), this say 68 percent of disbursements in 2009 the European Union. The third and fourth place but two giant stars and stripes: Citigroup (251 billion euros, 229 billion returned) and Bank of America (116 billion euros, 115 billion return.)
In addition to interventions for RBS and Lloyds, remember the rescue, through the nationalization of Hypo Real Estate in Germany, which has absorbed 166 billion in resources for capital injections, guarantees and Takeover Offer (OPA). To date, the exposure of the German government, ranking second in Europe for aid, is 100 billion. The last step of the podium, the Dutch government (62 billion).
But, looking at the dynamics of payments, mainly in the form of guarantee in the United States and the EU, while in Europe it appears that the bulk of aid came in the first quarter of 2009 (1.046 billion in, while in 2008 only 402 billion), the United States has done the reverse: in 2009 some 430 billion compared to 1405 last year.
More closely the number of institutions recipients of government intervention in the United States were 839, of which 726 for injections of capital. Number significantly higher than that recorded in Europe (64 banks). In the United States after the case Lehman Brothers, went bankrupt last year, 143 banks, while in Europe there were two liquidations and bankruptcy (the Dutch St. George Private Finance, DSB Bank and De Indonesische Overzeese Indovero Bank-Bank) .
Photo: RBS, London office