The US government's takeover of mortgage giants Fannie Mae and Freddie Mac constitutes a huge bail-out of these institutions' creditors, whose losses have ballooned as house prices continue to plummet.
On January 31st the Honours Forfeiture Committee ruled that Sir Fred, as he has been since 2004, should be stripped of his knighthood after his tenure as chief executive of the Royal Bank of Scotland (RBS) ended ignominiously with a huge bail-out.
Royal Bank of Scotland, for instance, needed a huge bail-out not because its losses were so large but because it entered the crisis with a dangerously thin capital cushion of only about 3.5%.Special report Chained but untamed A dangerous embrace Don't sit on your hands How much is enough?
He will in fact be responsible for overseeing the Bank's three main responsibilities: keeping a lid on inflation; ensuring the entire banking system does not run into the sand; and making sure individual banks do not go bust, landing the taxpayers with a huge bill for bailing them out.
In 2001 Argentina defaulted on its foreign debts after huge bail-outs that went wrong.
The finance, property and insurance industries (all getting huge bail-outs) were the largest source of campaign contributions to Mr Obama after lawyers.
But there has been public outrage over bonuses following the huge bail-outs of banks.
What we have right now is a situation where every saver in the country is, essentially, paying a huge tax to bail out the banking system.
I think there's a huge risk in bail reform as it relates to technology because people see it as a big business opportunity.
A huge EU-IMF bail-out for Greece and words of supports from Europe's leaders for other countries in immediate danger failed to rally markets that plunged again on Friday (or seemed to reassure the markets on Friday after precipitous declines).
Latvia's over-exuberant boom was cut short by the global financial crisis in 2008, bringing a banking crash, a huge budget deficit, a bail-out by the European Union and IMF and one of the harshest austerity regimes in Europe.
