A Brain-Dead "Financial Reporter" at NPR Defines the Problem
Via Doctor Black, who printed the answer but not the question: PIGNAL: This is actually the second bailout for Dexia. In 2008, it had to be bailed out after exceptionally imprudent investing, including in U.S. subprime mortgages. This time around, it was basically dealing with the legacy of the past, and it was trying to […]