bailout not good for cos
Post on 05-Dec-2014
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1
What Is Bailout?
2
Fall of IrelandEconomic Contraction 14% by 2010
World’s highest Gross External Debt 811%
Unemployment up by 87.5%
CAUSES OF RECESSIONInternational Credit Crunch
Bank Solvency??
BAILOUTSGovernment Guarantee Of Irish Banking
SystemGovernment-Backed Mortgages
5
Collapse of AIG
Bailout : $180 Billion
U.S Bailouts
7
CanadianBailout
8
9
Bailouts Amount
Penn Central Railroad $3.2 Billion
Lockheed $1.4 Billion
Franklin National Bank $7.8 Billion
New York City $9.4 Billion
Chrysler $4.0 Billion
Continental Illinois & National Bank & Trust Company
$9.5 Billion
Savings & Loan $293.3 Billion
Airline Industry $18.6 Billion
Some Historical Bailouts
10
35,000 Crore Bailout
11
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Conclusion…
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