出版社:CPB Netherlands Bureau for Economic Policy Analysis
摘要:Last year’s credit crisis has caused many
victims. One of these was the German
bank Hypo Real Estate. At the beginning
of 2009, the bank was facing a bankruptcy.
The German government was prepared
to act as the ministering angel to bail out
the bank. But there was a problem. Only
one year earlier, the American investor JC
Flowers had taken an interest — to the
tune of one billion dollars — in the bank.
At the beginning of 2009, the German
government was prepared to pay Flowers
only several tens of millions of dollars for his interest. That was
not enough for him, and he refused to sell his shares. Flowers
hoped that the bank would survive anyway. In that case, he could
receive much more money for his shares. Eventually, separate legislation
was passed that gave the German government the right to
expropriate the bank, if deemed necessary. Only this threat made
JC Flowers agree.